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.

Merrill Edge – Up To $1,000

Direct link to offer

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)

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+.

Streetbeat – $1,020

Direct link to offer

Funds need to be in account for six months.

TD Ameritrade – Up To $1,000

Direct Link to offer

Largest bonus of $1,000 requires an investment of $500,000+.

E*Trade – Up To $3,500

Direct link to offer

Largest bonus requires an investment of $1,000,000+, so might be worth focusing on this for higher rollers who have already done the bonuses where funds need to be maintained for a shorter period of time.

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.

Fidelity Bloom – $86 Bonus

Direct Link to offer

A simple $25 deposit gets you a $50 bonus. Deposit $300 and you’ll get another $30 bonus through their matching program. There are also $6 in other bonuses available.

The account is geared toward young adults but anyone 18+ years of age can open an account. There’s a separate $50 Youth account bonus for teens ages 13 – 17, details can be found in this separate post.

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

Direct link to offer

You only get a free stock worth $3-$150, but better than nothing and Robinhood offers commission free trading.

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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fdic
fdic

Hi guys, can someone please recommend what will be a good brokerage account for investing (buying/selling stocks only) about 100k to 250k. If there is a bonus on top, that would be even better.
I dont even know what things to even consider when it comes to brokerage accounts.
Is Chase decent? thanks

Max
Max

I just opened with Tastyworks. Great 2000 USD sign up bonus

fdic
fdic

Max thakns. How is it for actual usage (if you know)?

bernie
bernie

My exp with them was the same as at least three other commenters here. That is, “How do you even make trades at this (TastyWorks) place?” While that truly was my exp, it’s more of a specialty place, and i am just not their target client.

Diego

In terms of a forever account, I’d go with Fidelity. It has a decent trading UI, plus 0/1-day ACH, free wires, and best of all, free ACATS out so you can chase more brokerage bonuses. It also has the “core position” feature, where you can keep your cash holdings in their government money market fund (SPAXX) but still execute a buy or push instantly. You can even get a debit card and checks drawn on the brokerage account. The best bonus I’ve seen for them is $150 flat (usually $100) but you can open another account for a bonus every 12 months.

That said, you can’t beat the Tastyworks bonus; in fact you might be able to put 100k for $2000 there and milk another bonus or two out of the leftovers. I did their 10k for $500 bonus in 2021 (only a 90-day hold instead of 1-year) and I just let the cash sit. My main beef is that they’re *very* focused on options, and it shows in their UI. It’s definitely not as newbie-friendly as, say, E-Trade.

Max
Max

Tastyworks was seemless for me. Account opened 01/10 . Bonus on there 01/20. Great service tbh

Jim
Jim

Thanks Max

Was this your first account with Tasty? I closed an old account, so ask not sure if I’ll qualify

Max
Max

yes first time customer

Sean B
Sean B

Ally Invest has a $100 bonus for 3 recurring $50 monthly deposits with a new account. Easy bonus. See details below:

https://www.ally.com/go/invest/promotion/ipsumv8/

Sean B
Sean B

Chuck This may be a good one to add. Very easy $100.

Svy
Svy

CAUTION – Note that the FAQs limit eligibility to those who received the offer via email directly from Ally.

Sean B
Sean B

You are absolutely right. Good catch. My bad.

Chuck

Posted now

CO
CO

Q.ai – $100 is dead and can be removed

fc
fc

Tastyworks has a new promo until 3/31/23 https://support.tastyworks.com/support/solutions/articles/43000678965-tiered-opening-promotion-2022. It’s 2% bonus for each minimum deposit and you have to keep the funds in the account for one year.

Fred
Fred

M1 has a new bonus: https://m1.com/transfer/promo-10000 . I didn’t go through all the terms, but I noticed the payout isn’t until December 5th 2023. Not going to touch that, too many bad things can happen to a fintech in 11 months.

Tom
Tom

Many of these bonuses are expired so it would be nice to clean up and remove them.

Also, surprised that the best bonus, from Public, isn’t listed here especially since it expires at the end of the year.

calvin
Chuck

Done, thanks

calvin

William Charles m1 finance offer is expired?

calvin

looks like robinhood one is expired too

calvin
20201103
20201103

The Ally bonus at https://www.ally.com/go/invest/promotion.html is now gone. (The page redirects). I thought it was still there a few weeks ago. It wasn’t that good of a bonus (or brokerage) anyway.

20201103
20201103

Actually I just now saw it on Firefox icognito (same address), but couldn’t get it to show up other ways.