Best Brokerage Bonuses – Earn Up To $5,000

Our posts on the best bank account bonuses and best credit card bonuses are some of the most popular on the site, recently I’ve been trying to post more brokerage bonuses as I know some people use these to make some extra money and it helps them grow their investments. This post will be for the best brokerage bonuses, I’m relatively new to these so I’d welcome your input on bonuses we might have missed and any relevant important information you think should be included. Unlike other sites we don’t use affiliate links for brokerage bonuses so you can ensure you’re getting the best possible deal, rather than the one that pays us the most.

Webull Up To $18,000 IRA Bonus

Direct link to offer

Requires receiving a referral or giving a referral to get 3x the bonus.

Wells Fargo $2,500 Premier Bonus

Direct link to offer

Requires $250,000 in cash or investments. Must open checking Premier checking account; $250,000 requirement can be done with the brokerage. Must be opened in a Wells Fargo branch. Account also has a $35 month fee, waived if you have $250,00 balance.

Robinhood – 3% IRA Bonus, No Limit

Direct link to offer

Excellent brokerage bonus with literally no maximum bonus.

There’s also a similar 1% bonus from Robinhood for IRA transfers and 401k rollovers with no maximum. And also a similar 1% bonus offer for IRA contributions. Those have a 5-year hold requirement.

Citi Wealth Management – Up To $3,500

Direct link to offer

Huge bonus and it works for self directed accounts, main issue is that account set up is all manual and extremely slow.

  • Read our full post
  • Deposits must be maintained for three months after account opening (but you can fund within two months of account opening meaning funds can be in there for roughly ~1 month)

M1 Finance – $10,000

Direct Link to offer

M1 Finance has a bonus of up to $10,000 with deposit of $2M. There are also lower tiers, e.g. $1,000 with $250k or $2,000 with $500k and more.

Merrill – $3,000

Direct Link to offer

Bank of America and Merrill have a bonus of $1,000 with $250,000 asset transfer or $3,000 with $500,000 asset transfer. Only valid for new Bank of America customers who open new checking account and connect with a Merrill advisor on the phone who will apply the offer.

WeBull – $5,100

Direct Link to offer

Highest $5,100 tier requires $1M in assets transferred. There are other tiers as well, such as $1,300 with $100k in transfered assets.

Schwab – $101

Direct Link to offer

The Schwab Starter Kit offer gives $101 in the S&P to new customers who deposit $50 within 30 days.

Schwab – Up to $1,000

Direct Link to offer

This offer is for new Schwab members who get referred from a friend; ask a friend who is an existing Schwab member. Largest bonus of $1,000 requires an investment of $500,000+.

Schwab – Up to $2,500

This offer is for new or existing Schwab members. $2,500 bonus requires $1m in assets transferred; there are lower tiers as well.

Streetbeat – $1,020

Direct link to offer

Funds need to be in account for six months.

Interactive Brokers – Up To $1,000

Direct link to offer

Promotion is a bit confusing as it’s not that clear when/how long the funds need to be in your account for. You also get the bonus in the form of interactive brokers shares and these can’t be sold for one year.

SoFi – Up To $5,000

Direct Link to offer

This is the largest bonus we’ve seen, but does require $2MM+ to get the full $5,000. There are other tiers as well. Assets must remain for 180 days.

Chase Self Directed – $700

Direct Link to offer

Highest tier requires $250,000+ investment. Must be maintained for 90 days.

SoFi – $75

Swagbucks is offering $75 when opening a new SoFi Invest account and funding with $100.

Fidelity – $100 Bonus

Direct Link to offer

 One of the easiest brokerage bonuses to do, but has been as high as $150 in the past. Works on a Cash Management account or an investing account, including an IRA account.

TradeUP – Up To 5 Free Stocks

Direct link to offer

Requires a deposit or transfer of $5,000+

Smaller Bonuses – No Requirement

There are a number of smaller brokerages that offer sign up bonuses with no deposit requirement. The bonuses are much smaller, but might still be worth picking up for some people.

Acorns – $23

Direct link to offer

$13.50 is from Swagbucks, other $10 is from Acorns.

Robinhood – Free Stock & $50 Rakuten

Direct link to offer

You only get a free stock worth $3-$150, but better than nothing and Robinhood offers commission free trading. You can now sign up via Rakuten and get $50 or 5,000 points as well.

Webull – Four Free Stocks

Direct link to offer

Basically the same as Robinhood, you get four stocks stock valued between $3 and $1,000.

Firstrade – Free Stock

Direct link to offer

Same as the above offers.

Bonuses Not Listed

Below are some brokerage bonuses we don’t want listed under the ‘best brokerage bonuses’, we are including them here so that readers know they have been intentionally left out and why.

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calwatch
calwatch (@guest_1812899)
March 13, 2024 03:53

ETrade bonus was reupped: https://us.etrade.com/what-we-offer/how-it-works/promo
Weak as usual.

calwatch
calwatch (@guest_1812897)
March 13, 2024 03:50

Should link to the current M1 promo: https://m1.com/transfer/promo-20k/

$100,000 – $249,999
$250
$250,000 – $499,999
$1,000
$500,000 – $999,999
$2,000
$1,000,000 – $1,999,999
$4,000
$2,000,000 – $4,999,999
$10,000
$5,000,000 – $6,999,999
$15,000
$7,000,000+
$20,000

Gerald
Gerald (@guest_1803020)
February 25, 2024 22:55

The bonuses I’ve looked at aren’t available for trusts. Are there any that are?

Gerald
Gerald (@guest_1806886)
March 3, 2024 00:24

The Schwab up to $2500 bonus is available for trusts.

Tom
Tom (@guest_1798760)
February 16, 2024 14:55

This list contains mostly expired or weak bonuses. I’ll make it easy for everyone. The best IRA bonus is the Robinhood 3%. The best taxable bonus is Tastytrade which is not mentioned here though there is a post about it. Nobody else comes close to either of those.

Terp
Terp (@guest_1799642)
February 18, 2024 17:51

RH is 5 year hold, though. I’d rather do several short-term bonuses per year than tie up funds for 5 years. I don’t need the funds in Roth IRA anytime soon, but don’t like the idea that something could happen and I’d lose the one big bonus from RH. Whereas with doing multiple bonuses with shorter time periods, the bonus is locked in regardless of what happens. Also think that over 5 years of doing other bonuses, the total will be greater than the 3% bonus.

Tom
Tom (@guest_1799762)
February 18, 2024 22:55

Brokerges bonuses, especially from the major firms and in retirement accounts, have been drying up. You may or may not be able to get 0.5% – 1% a year for the next five years by constantly switching. I suspect that most people, including me, don’t like the uncertainty and time investment of constantly switching brokerages when it’s questionable that would beat the return of Robinhood.

Tom
Tom (@guest_1803402)
February 26, 2024 17:26

There are additional reasons to expect the Robinhood bonus to beat the alternate strategy of frequently switching brokerages.

First, the Robinhood bonus is paid as soon as the transfer is received and can be invested. So your strategy would have to beat the Robinhood bonus which might be a 4.5% return at the end of 5 years.

Second, the Robinhood bonus is paid as a flat percent while the vast majority of other bonuses are tiered. Thus, you’ll get a lot less percentage wise if you aren’t near the bottom of the tier. In fact, I split my IRA into two to stay close to the bottom of a bonus tier. Now I am moving 100% of both into Robinhood. And I am looking forward to not moving for five years!

Terp
Terp (@guest_1804333)
February 28, 2024 07:53

Sure, I can see how it’s reasonable to do the RH bonus and just be done with transferring IRA around for 5 years.

Vita(GJ) 🔗
Vita(GJ) 🔗 (@guest_1814713)
March 16, 2024 07:18

For reference, which IRA offers have you done in the past?

An
An (@guest_1802698)
February 24, 2024 21:07

Hmm, the tiered tastytrade bonus has a 12 month hold and is like 2% APY at best.

Tom
Tom (@guest_1802746)
February 24, 2024 23:44
  An

The competition is not 5% savings account but other brokerage bonuses. Which bonus is better than tastytrade? Getting 1 – 2% for a 12 month hold is as good as it gets.

An
An (@guest_1802752)
February 25, 2024 00:27

You’re right, and I guess you can buy some low risk ETFs or whatever if you did want to compare to a HYSA.

Thereta
Thereta (@guest_1795912)
February 9, 2024 21:47

Hey the fidelity bonus is saying that there are no special offers available at this time. With the t&c page stating the offer expired on 12/11/2023

Dmitriy Voronin
Dmitriy Voronin (@guest_1794997)
February 8, 2024 12:26

Any updates to this page?

Relax and Smile
Relax and Smile (@guest_1788003)
January 29, 2024 16:43

E*Trade bonus, up to $1000, expires 2/29/24:
https://us.etrade.com/what-we-offer/how-it-works/promo

NBG
NBG (@guest_1785697)
January 25, 2024 14:24
Olympia
Olympia (@guest_1783187)
January 22, 2024 13:31

It would be so great to give this page a refresh. The following are expired or have different offers available:

Webull $18k expired

M1 $10k expired

Merrill expired (new offer – up to $3k Open a qualifying checking account and make a minimum deposit across Bank of America banking and/or Merrill investing accounts)

Webull $5,100 expired

Streetbeat expired

Dane
Dane (@guest_1779960)
January 17, 2024 18:27

BMO Wealth Management has a Smart Portfolio bonus of up to $1,000 for accounts opened by April 30, 2024

https://www.bmo.com/en-us/main/personal/investments-and-retirement/smart-portfolio/

Jim
Jim (@guest_1780053)
January 17, 2024 20:17

Thanks, but the fees ruin things – “Advisory fees of 0.60% of your account balance + $4/month platform fee”

Not to mention, reading through the terms, it looks like we might have to invest as cash (into their pre-selected portfolio, somewhat like M1), rather than ACATS/in-kind