Brokerage Promotions & Bonuses For 2024

Item: Brokerage Promotions
Rating: 5
Author: Andrew Pill

Best brokerage promotions, cash bonuses, free stocks offers & other incentives for clients to open a new account in December 2024

Broker Promotions List

Brokerage	Stock Fee	New Account Promotion
Acorns	$0	Get $10 when you open an Acorns account with this referral link.
Charles Schwab	$0	$0 commissions + satisfaction guarantee at Charles Schwab.
Firstrade	$0	Get up to $4,000 cash bonus + $200 in ACAT rebate!
Interactive Brokers	$0	Use this referral link to get up to $1,000 of IBKR stock for free!
M1 Finance	$0	Get up to $500 when you make a deposit in your new brokerage account.
Moomoo	$0	Get zero commissions at Moomoo.
Robinhood	$0	Up to $200 in FREE stock + transfer fee reimbursement.
TastyWorks	$0	Get $75 for each person you refer with this referral link.
TradeStation	$0	Get up to $3,500 cash bonus with a qualifying deposit.
WeBull	$0	12 FREE stocks valued $36-$36,000 when you deposit ANY AMOUNT at Webull.

Top Brokerage Firms Promotions & Bonuses in 2024

When it comes to low-cost brokers, there is no shortage of options available. To determine the best firms, it is important to consider the range of services and products they offer, as well as the promotions and bonuses provided to both new and existing customers.

Broker Promotions & Bonuses

Promotions and bonuses can take various forms. Let's take a look at the different types of bonuses typically offered when opening a new brokerage account.

Transfer Fee Reimbursements

One common type of bonus is the reimbursement of transfer fees. Many brokers charge fees for account transfers (ACATS) and wire transfers. However, with transfer fee reimbursements, the cost of moving your funds to the new broker is reduced or even eliminated.

Cash Bonus for Deposits

Deposit bonuses are among the most popular promotions for new accounts. Some brokers offer cash bonuses simply for opening an account, although these rewards are often tied to the amount deposited.

Deposit bonuses usually follow a tiered scale, meaning the more you deposit, the higher the bonus amount. These bonuses can range from $10 to $4000.

Free Stocks for New Brokerage Accounts

Another frequently seen promotion is the giveaway of free stocks to new account holders. These free stocks are randomly selected from a predetermined pool of companies or may come in the form of fractional shares with a specified dollar value.

The value of free stock programs can vary significantly. Some companies provide single low-value securities, while others offer as many as 15 free stocks. Likewise, fractional share giveaways can range from $5 to $200, although in certain cases, the securities' value can reach as high as $3500.

Commission Discounts

Many brokers offer discounts (see Charles Schwab promotion) on trading commissions as a way to attract new customers. Even brokers that do not charge commissions on stocks and ETFs may still have commissions for OTC securities, options, fixed-income securities, and mutual funds. However, some brokers waive these commissions for a specific period.

Broker Referral Bonuses

Most brokers have referral bonus programs in place. Referrers may receive perks such as Amazon gift cards, free stocks, or cash bonuses. These referral bonuses benefit both the referrer and the referee, although there is often an annual cap on the earnings that can be generated through the program.

Cryptocurrency Bonuses

In addition to free stock programs and cash bonuses, some brokers also offer cryptocurrency bonuses. These bonuses are typically paid in Bitcoin, although other popular coins may also be used.