Robinhood, known for democratizing access to the stock market, is kicking off an exciting new event called HOOD Week, and it’s bringing some exclusive bonuses that could boost your portfolio.
From Wednesday, October 16 to Sunday, October 27, score bonuses of 1% to 3% when you transfer IRAs, margin balances or other brokerage accounts into Robinhood.
If you’ve been looking for a new primary broker, now’s the time to switch and take advantage of uncapped bonuses.
The week-long event features limited-time bonuses when you transfer stocks, cash, options, margin balances, IRAs and more into Robinhood.
Here are the specific offers:
Importantly, bonuses are unlimited. Additionally, Robinhood will reimburse the transfer fee your other brokerage may charge, up to $75 for transfers of $7,500 or more.
HOOD Week coincides with HOOD Summit 2024, Robinhood’s “first-ever customer-focused conference geared towards active traders.”
Check out the “Robinhood Presents: The Legend Awakens” livestream happening Wednesday, October 16, at 6:30 p.m. ET, to hear from CEO Vlad Tenev about Robinhood’s latest product announcements.
The best way to get the most value out of Robinhood’s HOOD Week offers is with a Robinhood Gold membership.
The membership benefits easily outweigh the $5 monthly cost, especially if you take full advantage of the IRA match and bonus on taxable brokerage transfers.
Robinhood Gold offers a range of benefits that can significantly enhance your trading and investment experience on the platform, especially for active traders and investors:
To keep the full amount of your Robinhood ACATS bonus, maintain the full transfer value plus the bonus for two years. To keep the Robinhood Gold IRA match, maintain a Gold membership for at least one year and don’t transfer any amount from your Robinhood IRA to another financial institution for five years.
You don’t need a promo code to get Robinhood’s 3% IRA match, but you do need to be an active Robinhood Gold subscriber. Open a Robinhood account, subscribe to Robinhood Gold and contribute new funds via cash or asset transfer from another IRA outside of Robinhood by October 27, 2024 at 11:59 p.m. PT to get the 3% match.
While you’ll get a 1% uncapped bonus on brokerage account transfers, you’ll get an uncapped 2% if the transfer includes a settled margin balance that is $10,000 or more.
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