Posted by William Charles on March 20, 2020
Brokerage Bonuses

Published on March 20th, 2020 | by William Charles

46

TastyWorks: Win Up To $250 (Works For New & Existing Users)

The Offer

Direct Link to offer

  • TastyWorks brokerage is offering a trading challenge where you can earn up to $250.

The Fine Print

  • Participants must be 18 years or older. 
  • Participants are limited to $5,000 in buying power during their Trading Challenge Period. 
  • Participants must complete their Trading Challenge Period within 14 calendar days of registering for a Trading Challenge Account. 
  • The maximum promotional cash credit that can be redeemed is $250.00 USD. 
  • Individual margin or cash accounts are the only eligible account types that may receive a cash credit earned during the Trading Challenge period upon successfully funding with a minimum of $2,000 USD within 30 calendar days after completing the Trading Challenge. The funds must remain in your brokerage account for a minimum of six months. 
  • Trading Challenge and profit cash credits are limited to U.S. residents only. 
  • There is a limit of one Trading Challenge Account per participant for the entire Trading Challenge Promotion. Each participant is limited to a single promotional cash credit. Any attempt by any participant to obtain more than one Trading Challenge Account by using multiple email addresses, registrations, logins, fictitious identities, or any other method will void the participant’s Trading Challenge Account and disqualify them from receiving a promotional cash credit. 
  • The Trading Challenge Period will begin at the time the participant elects to start trading in the Trading Challenge Account and end on the following two trading day’s close of the market session at 3:00pm CT (unless such day is a market holiday then the Trading Challenge Period will end at the close of the market session for that particular market holiday, which may be before 3:00pm CT). Participants who elect to start their Trading Challenge Period after 3:00pm CT and before 8:30am CT Monday – Friday will begin their Trading Challenge Period at 8:30am CT on the next trading day. Participants who elect to start their Trading Challenge Period on a Saturday or Sunday will begin their Trading Challenge Period at 8:30am CT on the next trading day.

Our Verdict

Basically you’re given $5,000 in a trading account (play money) and you get to keep any ‘profit’ you make up to a maximum of $250. To keep your profit you need to deposit at least $2,000 within 30 days of starting the challenge. I think the best strategy would be just purchasing one position and then set it to sell as soon as you’d get to a balance of $5,250. TastyWorks also has a spin game where you can get $25-$250, but that is only for new users and not as good as the previous $250 bonus.

Hat tip to reader Chao Xu



46
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Frank

Actually seems like a solid deal — wait for S&P 500 dip, then buy and wait for a +5% day

Prem Kumar
Prem Kumar

But you cannot wait more than 2 business days as challenge ends on 2nd day after starting.

Harold
Harold

Direct link to offer: https://challenge.tastyworks.com/

Chuck

Added, thank you

CHOWFUN
CHOWFUN

Here’s the link to register.
https://challenge.tastyworks.com/

I’ve been using TW and it’s very good especially if you are doing options. I switched after RH crashed twice and I lost all trust in their app.

Cjrmets
Cjrmets

Sounds like your friendly neighborhood drug dealers. First bag is free to get you hooked

Gadget 🕵️ Bank Bonus Geek

You must live near JuicyJosh.

dizzy

Can you do both if you are a new user? It looks like you are definitely eligible if you are already a user You have to just deposit $2k “within the promotional period” which runs until the end of the year. I spun it just for S&G and got $250 soooo. BTW funds must remain for 6 months for both spin and win, and the challenge. 12.5% over 6 months then, not too shabby (it just says you have to fund but nothing about making a trade)

Also just to note- you only have “two consecutive market sessions” so that’s not a whole lot of time to trade within. You can use “long and short equity and ETF positions”. Honestly I feel like the harder thing is finding something that will go up 5% in 2 days in this market, lol. Any idears?

Justin
Justin

You can short sell as well. You can look for something that’s gone up massively in one day and then short sell it near the end of the day. There are no guarantees but this usually works because there is a lot of short term profit taking when something rises so fast.

dizzy

@justin thanks. I’m relatively new to investing so don’t entirely understand short selling yet. It’s a good opportunity to learn tho with play money.

Chao Xu

Yes, you can do both. you would have to put $4000 instead of $2000.
The account should be opened with the spin. Because spin is for new user only, and account opening part it has a code from the spin.

Once you have an account, do the challenge as an existing user.

anthonyjh21
anthonyjh21

So should we be doing the spin, open the account, do the challenge, then if you win deposit $4k. If you don’t win then only $2k?

Chao Xu

Yes, that’s right.

And if you spin and got a low number where you don’t think $2000 is worth it for that little money, you go open an account without using the spin bonus and do the challenge.

RP
RP

not supported on Mint?

Nick B
Nick B

you have to create an account on apex clearing first

Harold
Harold

You will see this after you enroll:

We offer mobile and web-based trading too, but this challenge is only available through the Desktop app. When you open it for the first time, you’ll find a prompt to start the countdown. You cannot access the platform until you accept the Terms of Agreement.

Brian C 🐕

I just completed this…. didn’t win. But the process was straight forward and easy to do.

I suggest waiting until the market rebounds though.

There is also an upcoming telsa sweepstakes and referral bonuses. It seems tastyworks is constantly offering good promotions.

I’ve had nothing but good experiences with them so far.

stormageddon
stormageddon

the $2000 must be held for 6 months… not sure that makes it worth it, even with maximum gains.

Frank

25% annualized return (12.5% flat) and you get paid on the $2k in the meantime (either money market or stock market)….what better returns are you seeing?

stormageddon
stormageddon

You’re right, bad math on my part

Chao Xu

I’m happy to see my first tip featured on DoC.

Here is a simple strategy where you get $250 for the challenge with at least 1/2 probability.

– find 2 opposite ETFs with HUGE fluctuation
– toss a coin, and pick one of them. all in.
– calculate the correct price to sell(that is, $5250/number of shares you got, you might want to go for a slightly larger number fo cover some very small fees), and set limit sell

Currently, the VIX index fluctuating like crazy, and likely so until the virus is fully contained. Therefore you can toss a coin and choose between UVXY and SVXY.
In the worst case, assuming huge fluctuation, one of them will hit $5250 at some point.

– If you know how to short stocks, then you just need a single ETF and toss the coin to decide on long or short.

– If you know how to use options, you can do the strangle strategy on any leveraged ETF that tracks VIX, and you will have an even higher chance of obtaining the full $250. However, I’m not sure if this trading challenge allows options.

Kenny M
Kenny M

Did this. The coin I tossed landed on “UVXY” (it was a multi-sided coin). “Bought” 59 shares of UVXY at $82.67. I guess I’ll see what happens over the next few hours of trading today and on Monday. If I “make” less than $50 or so, I can just opt to not fund the account and forfeit any paper losses or minimal paper gains, I’m hoping.

Chao Xu

Make sure to set a *limit sell* at $5250/59 ~ $88.99.
It will automatically sell when it reaches that number(or higher)
At the time of the posting, it is already $90, so if you sold it already you’ve already won.

A M
A M

This is good idea. I would also recommend SPXU (3x leveraged inverse of SP 500 in form of ETF). See when SPY hits local maxima for day and buy in, and sell when you hit 5250.

Also found that premarket orders do work!

el_pistolero
el_pistolero

options trading is not allowed, right?

Wilson
Wilson

it is primarily an options brokerage so that would be strange…

A M
A M

Not for the challenge, no. Also challenge works only on downloaded platform of theirs

Rox
Rox

The list of visa type (non citizen/PR) shown in the drop-down list is small. Any idea how to register if we are on one of the visas not mentioned?

Samosa
Samosa

I am not sure what visa types are listed for this promotion but I can tell you that I am here in US on a work visa and I have successfully pocketed their $250 sign-up promotion. Needless to say I was 100% honest with them regarding my visa status. I am sure you know better than me that no amount of promotional bonus is worth an immigration-risk, and honestly is always the best policy indeed!!

Tristan
Tristan

For new customers, no need to spin, just navigate to [removed] and get the $250

Brian C 🐕

This appears to be a referral link and doesn’t seem to have anything to do with the spin game for new accounts.

Pretty sure William Charles and Chuck don’t want you posting referral links here. They usually set up a dedicated page for those types of things and provide specific guidelines for posting.

Additionally, the tastyworks referral program, AFAIK, benefits the referer, not the referee. If this is some special referral/affiliate link that is unique to you that you worked out with tastyworks to provide $250 to new account holders that use it, then you’ll need to provide that information to Doc.

However, clicking the link, I don’t see any mention of a $250 bonus

Andy
Andy

Just finished in 41 minutes. Used SPXL (3x leverage S&P 500). Roughly needed the market to go up 1.67% from when I entered.

KenH
KenH

Completed the challenge using SPXL. Thank you for the tip!

TG
TG

They still haven’t paid me for the previous sign up bonus so I’m not sure how easy it will to get them to pay this out.

ashfordlawrence718
ashfordlawrence718

Same here, I emailed them about the previous $250 signup bonus (move over $5000) and they said they’d look into it. Anyone know on when this bonus is supposed to hit? I don’t see any record of the activity in the promotional account after the promo ended today but I hit the $250 easily using inverse VIX ETF. Wondering if I’m going to need to prove I actually made the $250 in the account?

A M
A M

TG ashfordlawrence718 I emailed them and they responded quickly and I got the bonus. I also emailed them right after signing up to confirm that the promo was applied to my account. I do that always now.

TG
TG

I emailed them and they said they contacted another department to get me credited but I haven’t gotten it yet.

ashfordlawrence718
ashfordlawrence718

Did this and got the bonus in a few days. Just emailed them about this promo as well. Very satisfied with the customer service so far although the platform is wildly different from anything I’ve used before so the learning curve has been quite steep.

Cal Ripken Jr.
Cal Ripken Jr.

what’s the easiest way to get the $250?

anthonyjh21
anthonyjh21

How long has it been?

Back to Top ↑