Update 5/25/25: Deal is back with promo code MYNEWBONUS
Update 12/17/24: Extended to 3/31/25
Update 7/4/24: Two new tiers: $500k gets $4,000 bonus and $1M gets $5,000 bonus. New code is MYNEWBONUS.
Update 5/11/23: There is a new $3,000 tier. New code NEWBONUS23. Hat tip to anita
The Offer
- Tastytrade (previously called Tastyworks) is offering a bonus of up to $2,000 when you open a new non-IRA Tastyworks account with promo code
NEWBONUS23MYNEWBONUS. Bonus you receive depends on how much you fund:- Fund $5,000 and get a bonus $100
- Fund $25,000 and get a bonus $500
- Fund $100,000 and get a bonus $2,000
- Fund $250,000 and get a bonus $3,000
The Fine Print
- The Promotion is available to (1) all approved new customers (as determined by Tax ID) who fund their tastyworks account with $5,000 USD or more, and (2) existing customers who have never funded any tastyworks account prior to the start of the Promotional Period, and who fund their existing brokerage account with $5,000 USD or more (each, a “Qualified Account”). All approved new customers and existing customers must be legal U.S. residents and ages 18+ as of the date of participation. In order to be eligible for this Promotion, approved new customers must include the Referral Code of
“TIERED_2022”“MYNEWBONUS” in the REFERRAL CODE FIELD when applying for an account, and existing customers must receive an email from Sponsor confirming they are eligible to participate in the Promotion (upon approved new customers entering the Referral Code, or existing customers funding any current account after receiving an email confirmation of eligibility, approved new customers and existing customers shall be referred to herein as a “Qualified Customer.”) The Promotion is not valid for customers who have any existing, funded tastyworks brokerage account prior to the start of the Promotional Period. IRA and TRUST accounts are not eligible for the Promotion. Only Qualified Customers with Qualified Accounts are eligible for the Cash Bonus. Employees of Sponsor and its affiliates, subsidiaries, divisions, fulfillment and advertising and promotion agencies, their immediate family members (spouse, parent, child, sibling, and their respective spouses, regardless of where they reside), and those living in the same household of each such individual, whether or not related, are not eligible. - The Promotion is not open to persons who reside in any jurisdiction where tastyworks is not authorized to do business, where its products and services would be contrary to the laws, rules, and regulations governing the securities industry, the futures industry, or where otherwise prohibited under the local laws, rules, and regulations of that jurisdiction. The Promotion is not valid for internal transfers, and is not transferable, saleable, or valid in combination with certain other offers.
Our Verdict
Previously we have seen bonuses of $200 when funding $2,000 or $500 funding $10,000+. The top bonus is more but obviously requires a lot more funding. For most people I’d recommend waiting for one of the smaller deposit bonuses to return.
Hat tip to Yj32
Many of you transfer in securities via ACAT and receive the bonus?
The Terms do not state the often “USD or equivalent securities”
>…fund their tastytrade account with $2,000 USD or more, and (2) existing customers who have never funded any tastytrade account prior to the start of the Promotional Period, and who fund their existing brokerage account with $2,000 USD or more
declined to open account because I had an account previously
TT is ok for the bonus but I’m not a fan of them as a long-term brokerage. Their website is not as full-featured as other sites. One major lacking feature is the ability to pick lots to be sold for tax purposes. The major brokerages allow this but not TT.
Which one has this may I asked? I recently transfer to Robinhood and they lumped all the stocks together and I cannot pick the lot accordingly unless manually
Schwab, Interactive Brokers, Merrill Edge, Vanguard allow it.
Fidelity allows it.
Not being able to choose your lots is ridiculous.
Is Tastytrade same as Tastyworks?
If I had gotten bonus from Tastyworks before, is this still churnable?
They are the same. I don’t believe it is currently churnable.
It is the same , and it never was churnable, so not sure what you mean by “still”. Once per lifetime. I wasted mine on 100 free stocks before they even had a 2k for 100k offer.
How much did they end up being worth? I also wasted mine on the $500 for 10k. However, there are some DPs that you can ask them and they will allow you to earn one of the higher tier bonuses (less your original bonus amount).
I’m going to hand $500,000+, for a year, to people who decided that TastyTrade was the best name for a brokerage?
I think not.
Well people are handing their money to Robinhood, named after a thief.
Anyway TT has been more of a credible entity than most of the newfangled brokerages that are popping up.
Why are you depositing $500k when the max bonus is for $100k deposit?
There are bonuses for 250k, 500k, and 1MM too…where do you see 100k max?
True, but also: If you have $500k and access to 5 players, you could get $10k bonuses total, vs $4k bonus for single player. God bless large families.
lol…you mean like Warren Jeffs’?
I’m single myself, but I do have parents and siblings, at least some of whom I trust and vice versa …
Moomoo has entered the chat
Have gotten the $500 bonus and a $500 referral bonus with both paid quickly. There have been other bonuses I’ve tried to get with a partial transfer to Tradeup and Webull but both have failed because it seems APEX clearing (tastytrade) and Omnibus systems (Webull/Tradeup) don’t do partial transfers. As a warning though – their duuble authentication system stupidly only applies to withdrawals and a few other actions – BUT NOT TO LOGGING IN even at new devices. That means someone can guess your password and get in and wreck your account with bad trades either for fun or apparently they can funnel bad trades with large spreads to their other accounts to earn a profit. I didn’t believe it but tested it with my own account and was able to log in at a random device with no authentication.
Do you have 2FA enabled on your account? Look under MyProfile>Security.
It is enabled and I have to use it to withdraw – but you can’t turn it on for logging in.
Hmm, that IS weird. Best to have a very strong password. Hopefully they have lockout for repeated failed attempts.
Have to hold the money there for over a year:
The initial minimum funding amount of $2,000 USD to $1,000,0000 USD deposited into a Qualified Customer’s Qualified Account is required to remain in the Qualified Account for a minimum of twelve (12) months starting the date the Qualified Account meets the funding minimum (“Twelve Month Period”). The value of Cash Bonus the Qualified Customer receives will be credited to its Qualified Account upon deposit, but will be automatically debited out of the Qualified Customer’s Qualified Account if the Twelve-Month Period requirement is not met.
True, but it’s not a 12-month vacation for your money. Put it to work, even if it’s just SGOV, or whatever you’d normally invest in. Bail if you find something better in the future. Seize the day.
Indeed!
It looks like the promotion is live again. Same promo code MYNEWBONUS and same tiers as before.
William Charles 
Chuck
THE PROMOTION PERIOD
The Promotion begins at 12:00am CT on 05/19/2025 and ends at 11:59pm CT on 08/31/2025 (the “Promotional Period”). Sponsor’s computer is the official clock for the Promotion.
If I read it correctly it is $2000 bonus for holding $100K for 12 months which is just 2%. Doesn’t look worth it even if we buy some T-bills or so. could put the $100K to much better use with other churns I believe. I may be wrong though 🙂
Um, why not invest the $100k you send to Tasty in Treasury ETF(s), earn income on the ETF plus get the bonus? And, if something better comes along, bail on Tasty? tl;dr: You can have your cake and eat it too.
One thing to note is that Schwab was willing to match this offer for P2 but at the $3k/$250k level. Still 1 year hold at Schwab but you would get more options like having treasury auctions and trading mutual funds.
“not the best offer for holding cash/treasuries” — taking into account the zillion or so ETFs that are the functional equivalent thereof?
Many people like 1-3m Treasury ETFs like SGOV and BIL, or other short duration bond ETFs like NEAR and BSV.
Alternatively, you could use your cash to chase a bank/CU HYSA bonus periodically found on DoC.
Last option is what I was talking about. You can get more outside rather than binding the money in tasty trade where you would have invest.
fwiw –
(1) Personally, I wouldn’t look at it as “binding the money” when you can walk any time you feel like it (sorta like my ex-girlfriends).
(2) As you likely know, decent bonuses for highest-yielding savings accts are relatively rare, at least compared to checking, but the current 1st timer at Discover may be one of those.
https://www.doctorofcredit.com/discover-savings-150200-bonus-1500020000-deposit-new-exp-103117/
Tasty trade offer is only on cash right and not assets?
A heads up that this brokerage has the terrible policy to require full SSNs for a transfer on death (TOD) designation form. At least they have a secure document upload option. Good thing my funds won’t be with them forever!
I think you will find that most brokers these days, for NEW ACCOUNTS, will require TINs for TOD beneficiaries. I think this is due to multiple reasons, incl. FDIC rules for banks to maintain TINs for POD beneficiaries in their records, and the perceived “best practice” for brokers to do the same for TOD accounts.
yeah, except none of that is true. plenty of big brokers don’t require (fidelity, vanguard, etrade, I could go on) even for new accounts. this outfit is just crappy through and through. also, schwab does not require TINs for bank account bennies.
you shouldn’t have to give or ask for a SSN except for your spouse, minor dependent, employer, or lender
Not disputing your observations, just adding this:
In December 2024, the FDIC published a proposed rule which, among other things, requires banks to maintain TINs of beneficiaries. (This in the wake of Synapse; rule not yet finalized). The prop rule has various exemptions, incl one for broker accounts.
I think many (most?) regular banks have effectively “pre-adopted” the rule in their onboarding processes. I can also easily see — at least in “normal” policymaking times — this approach being implemented more widely, perhaps by FINRA and/or SIPC, at some point.
ah. Thanks for that context! hopefully they still have some provisions for ppl who don’t have SSNs (I see something in there about “foreign identification number” ?). still, seems like a pretty stupid requirement to mandate giving the keys to the kingdom to someone for your entire life just because they want you to inherit some funds should they die. have the feds learned nothing from rampant identity theft?
https://www.fdic.gov/board/rin-3064-ag07-notice-proposed-rule-notice-proposed-rulemaking-custodial-deposit-accounts
Totally personal view but: I assumed long ago that my SSN and most other PII were available on the DW.
PS. For fun, you could always use the famous Woolworths SSN, but I don’t think that’s entirely Kosher.
Agreed on that, but I don’t increase the risk by handing it out more than necessary
Lololol. Maybe all zeroes?
how long do I have the hold the money in the account?
12 months or you will forfeit the bonus(could be for just the remaining period).