Getting a bonus for opening a brokerage account can provide an initial boost to your portfolio and help you when choosing between providers.
Some brokers offer cash incentives to new customers, while others offer fractional shares in certain stocks. Bonuses are usually dependent on how much cash you deposit or how much in assets you transfer in to your new account.
The following is a compilation of brokers offering new account bonuses, transfer promotions and referral bonuses and the important details to secure these promotions. We regularly review and update our best picks as brokerage account bonuses change.
How to get it Select Go To Site, then select Open An Account and deposit $2,000 or more in cash or by account transfer. Enter the promotional code MYNEWBONUS to earn between $50 and $5,000.
Eligibility New customers only who are at least 18 years old and a US resident.
Other active bonuses Get $250 for each successful referral.
What we like about Tastytrade Its low-cost options and futures trading and highly-customizable trading platform.
How to get it Select Go To Site to complete your application. Open a Robinhood account and link your bank or debit card to earn between $5 and $200 to spend on whole or fractional shares of any of the 22 available stocks.
Eligibility Be a new customer who’s never had a Robinhood brokerage account.
Other active bonuses
Earn a 1% bonus on deposits as a
Robinhood Gold member, with no limit. Must remain a Gold member for 2 years.
Earn up to a 3% match on annual contributions to a Robinhood IRA with
Robinhood Gold or 1% without.
Get up to $200 in stock for every referral.
What we like about Robinhood Its intuitive mobile app, IRA match program, high-interest cash sweep program and its zero commission stock, ETF and options trading, with no options contract fees.
How to get it Select Go To Site to complete an application. Open a new account and deposit at least $2,000 to earn a $50 bonus. To earn a $300 bonus, deposit at least $25,000.
Eligibility New customers who fund their account in one lump sum.
Other active bonuses None.
What we like about Opto Its commission-free stock and ETFs, user-friendly mobile app and themed investing approach.
How to get it Select Go To Site to complete an application. Open a new account, set up recurring deposits and make your first successful recurring investment of at least $5 and get your $10 bonus within 10 days of following month.
Eligibility New Acorns customers who have not previously opened an Investment Account.
Other active bonuses None.
What we like about Acorns Its beginner-friendly approach to automated investing, spare change investing and access to individual stock trading.
How to get it Select Go To Site and then select Get started to complete an application. Fund a taxable automated investing account with at least $500 within 30 days to get a $50 bonus.
Eligibility Exclusive to Finder readers who do not have an existing Investment Account or Cash Account.
Other active bonuses
Invite a friend who opens a Cash Account as their first Wealthfront account, and you’ll both get a 3-month 0.50% APY boost over the current interest rate.
Invite a friend who opens an Automated Investing Account as their first Wealthfront account, and you’ll both earn $5,000 managed for free.
What we like about Wealthfront Its diverse portfolio mix, portfolio customization, low account fees, tax-loss harvesting, automatic dividend reinvestment and access to individual securities trading.
How to get it Select Go To Site to complete an application. Sign up and deposit at least $5,000 via ACATS transfer to receive $150. Transfer $5 million or more to receive the highest bonus of $10,000.
Eligibility New and existing members are eligible.
Other active bonuses None.
What we like about Public Its commission-free options trading with rebates and no per-contract fees, high-interest cash sweep program and access to alternative investments.
How to get it Select Go To Site to complete an application. Open an account, use promo code OPTNAGKU and fund it with at least $50,000. Then, maintain a minimum balance of $25,000.
Eligibility Must not have an existing futures account.
Other active bonuses Hold a TradeStation Global account and refer a friend to receive a $50 bonus.
What we like about TradeStation Its diverse investment options, practice trading account and commission-free stock and ETF trades.
SoFi Invest: Up to $10,000 in cash
Expiration date: December 31, 2024
How to get it Select Go To Site, then select Trade Now to complete your application. Open a new SoFi Active Invest account or Active retirement account and transfer between $5,000–$5,000,000 to earn a cash bonus of between $100–$10,000.
Eligibility All legal US residents age 18 or older.
Other active bonuses
Earn between $5 and $1,000 in stock when open a new SoFi Active Invest account and add at least $10 in new funding within 30 days.
Get a 1% match on contributions to your Active or Automated IRA, up to the annual contribution limits, or on your 401(k) rollover of $20,000 or more.
Get $50 in stock for each friend who joins SoFi Invest and funds an Active Investing account with $10 or more.
What we like about SoFi Invest Its alternative asset funds and complimentary financial advisor consultations, as well as its zero commission stock, ETF and options trading, with no options contract fees.
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.
Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org).
There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options
Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser.
Utilizing a margin loan is generally considered more appropriate for experienced investors as there are additional costs and risks associated. It is possible to lose more than your initial investment when using margin. Please see https://www.sofi.com/wealth/assets/documents/brokerage-margin-disclosure-statement.pdf for detailed disclosure information
Probability of Member receiving $1,000 is a probability of 0.028%
Terms and conditions apply. Roll over a minimum of $20K to receive the 1% match offer. Matches on contributions are made up to the annual limits.
For full promotion terms please visit: https://www.sofi.com/acatoffer. SoFi does not accept cryptocurrencies and has limitations on some mutual funds and OTC stocks. Brokerage and Active Investing Products offered by SoFi Securities, LLC, Member FINRA/SIPC.
Robo Advisor: Automated investing is offered through SoFi Wealth LLC, an SEC-registered investment adviser. 0.25% fee is based on your account value. The wrap program fee may cost more or less than purchasing brokerage, custodial, and recordkeeping services separately.
E*TRADE from Morgan Stanley: Up to $6,000
Expiration date: January 31, 2025
How to get it Open a new brokerage account, enter the promotional code OFFER24 and fund the account with at least $1,000 within 60 days of account opening to earn $50. To receive the highest bonus of $6,000, deposit $2,000,000 or more.
Eligibility New E*TRADE customers only.
Other active bonuses None.
What we like about E*TRADE Its advanced trading tools and research resources, variety of investment options, practice trading account, commission-free stock, option and ETF trades and robo-advisor access.
Webull: Up to 40 free fractional shares
Expiration date: December 2, 2024
How to get it Open a new brokerage account and deposit at least $500 to earn a 6.25% APY on your uninvested cash for 30 days. Deposit any amount between $500 and $1,999.99 to receive 20 fractional shares. To receive the highest bonus of up to 40 fractional shares, deposit any amount equal to or greater than $2,000.
Eligibility Webull customers who have not made an initial deposit of any amount to their Webull account.
Other active bonuses None.
What we like about Webull Its user-friendly platform, advanced trading tools, growing list of tradable assets and access to a robo-advisor.
JPMorgan Self-Directed Investing: Up to $700
Expiration date: January 23, 2025
How to get it Open and fund a JP Morgan Self-Directed Investing account with $5,000–$250,000+ in cash deposit, securities transfer or by rolling over existing retirement assets from another institution within 45 days of account opening.
Eligibility Must not have participated in another JP Morgan Self-Directed Investing new money bonus within the previous 12-month period.
Other active bonuses None.
What we like about JPMorgan Self-Directed Investing Its diverse investment options, large mutual fund collection and commission-free stock and ETF trades.
Moomoo: Up to 15 free fractional shares
Expiration date: November 30, 2024
How to get it Open a new account and deposit $100–$1,000 to get five or 15 free fractional shares. Enroll in cash sweep and active coupon to receive 8.1% APY on uninvested cash for 3 months, then 4.6% APY.
Eligibility Only Moomoo clients who have never made a deposit.
Other active bonuses None.
What we like about Moomoo Its advanced trading tools, high-interest cash sweep program, practice trading account and commission-free stock, option and ETF trades.
Charles Schwab: Get a $101 bonus
Expiration date: None
How to get it Fund a new account with a minimum of $50 within 30 days of opening, and Schwab will deposit $101 in your account to purchase your stock slices.
Eligibility Open a Schwab One individual taxable retail brokerage account and deposit at least $50 within 30 days of enrolling.
Other active bonuses Refer friends and family and they can get up to $1,000 when they deposit $500,000 or more.
What we like about Charles Schwab Its advanced trading tools and research resources, variety of investment options, commission-free stock, option and ETF trades and robo-advisor access.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Brokers without a current brokerage bonus
Fidelity Investments. The Fidelity new account bonus is currently inactive on its website.
Ally Invest. The $100 Ally brokerage promotion is expired but signup bonuses may be available through some of its affiliate partners.
M1 Finance. M1 Finance’s previous $75–$500 bonus is expired.
Compare all signup bonuses
Here’s a list of signup bonuses, account transfer bonuses and referral bonuses offered by popular stock brokers, including the ones above. Quickly find the best brokerage account promotions by provider, signup bonus and requirements. Select Read more to see Finder’s comprehensive review of that particular broker.
Before creating an account, read the terms carefully to make sure you meet any eligibility requirements. For example, you may need to make a minimum deposit to qualify for a bonus, and you may need to hold your account for a certain period.
Brokerage bonuses can be an attractive perk, but whether they’re worth it depends on your investment goals and habits. These bonuses may come with conditions, such as minimum deposit requirements or maintaining a minimum account balance, which can be challenging for some investors.
While a cash bonus or free trades might be tempting, it’s essential to consider the overall costs of the brokerage, including fees and commissions, and whether the platform meets your long-term needs.
In some cases, you might find that the benefits of a bonus are outweighed by higher ongoing costs or limitations on investment options, so it’s important to evaluate the full picture before deciding.
Importantly, you can always transfer your account to a different broker if it doesn’t end up working for you. Just check whether the broker charges an outgoing account transfer fee and if the broker to which you’re moving your account will reimburse these fees.
Bottom line
Brokers offer different bonuses and promotions to incentivize potential customers to sign up for an account. Whether you’re interested in buying stocks online for the first time or simply want to earn a cash bonus or free stock, see which brokers offer a promotion before you sign up. Compare bonuses but also consider its tools, features and fees to find the best stock trading app for you.
Frequently asked questions
Is it worth having two brokerage accounts?
Having two brokerage accounts may be worth it if you don’t find that one broker offers all the features you’re looking for. It also lets you take advantage of multiple brokerage account bonuses.
Are brokerage promotions taxable?
Many broker bonuses are considered taxable income by the Internal Revenue Service and are reported as “Other Income” on a Form 1099-MISC.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio
Matt's expertise
Matt has written 207 Finder guides across topics including:
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
