TradeStation $50-$5,000 Brokerage Bonus ($5,000-$5,000,000 In Qualifying Assets Required)

Update 12/30/20: Holding period is now 270 days instead of 180.

Update 7/28/20: Some of the bonuses have been increased and some new levels added as well. Hat tip to reader SamL

The Offer

Direct link to offer

  • Brokerage TradeStation is offering a bonus of $100-$2,500 when you transfer qualifying assets into your account. New customers need to use the promo code CASHAFRV. Account must be funded with the qualifying assets within 45 days of enrolling in the promotion. Qualifying assets must be maintained for 270 days. The bonus you receive is split into the following tiers:
    • $50 bonus with $5,000 in qualifying assets
    • $200 bonus with $25,000 in qualifying assets
    • $300 bonus with $100,000 in qualifying assets
    • $600 bonus with $200,000 in qualifying assets
    • $1,200 bonus with $500,000 in qualifying assets
    • $2,500 bonus with $1,000,000 in qualifying assets
    • $3,500 bonus with $2,000,000 in qualifying assets
    • $5,000 bonus with $5,000,000 in qualifying assets

 

The Fine Print

  • Only Entity (non-Institutional), IRAs, Individual or Joint equities and futures accounts with the correct promotional code entered and funded with New Assets (as defined below) greater than $24,999.99 are eligible for this cash offer. To qualify, you must enroll your existing or new account (the “Account”) either by entering the promotional code on your new account application, requesting to enroll, via telephone, with a TradeStation Representative or by completing the enrollment form. You must fund the Account with New Assets within 45 calendar days of Account enrollment. New Assets is defined as cash or securities held at a financial institution other than TradeStation (assets transferred from an existing TradeStation account do not qualify). Your Account will not qualify for the cash offer if you withdraw or transfer assets from your Account, then redeposit them into the Account. New Assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer. TradeStation will calculate your eligibility to receive a cash offer by adding all New Assets deposited or transferred into the Account during the Promotional Period, reduced by any withdrawals or transfers from the Account during the 270-calendar day holding period following the last day upon which you funded your Account with New Assets during the Promotional Period (“Qualifying Assets”). Asset fluctuations (up or down) do not affect the calculation of Qualifying Assets. The cash offer will be determined based on Qualifying Assets in the Account as follows: Less than $25,000 – cash reward of $0; $25,000 – $49,999 – cash reward of $100; $50,000 – $99,999 – cash reward of $150; $100,000 – $199,999 – cash reward of $250; $200,000 – $499,999 – cash reward of $600; $500,000 – $999,999 – cash reward of $1,200; $1,000,000 or more – cash reward of $2,500.
  • Your one-time cash reward will be deposited into the Account the month following the end of the 180-calendar day holding period. Customers who receive promotional offers from any TradeStation affiliate may be subject to IRS Form 1099-MISC reporting requirements should the total value of those items exceed $599 in a calendar year. Please consult a tax professional.
  • This promotional offer does not apply to charges associated with overnight fees, regulatory fees or other account fees and charges, including margin interest, if any. Your account will be considered and approved or disapproved based on all relevant factors, including your financial situation and trading experience. Prices, fees, costs and terms are subject to change. This offer cannot be combined with any other offers. Additional restrictions apply. TradeStation reserves the right to terminate this offer or change the terms and conditions at any time.

Our Verdict

Looks like this will work for new & existing customers, I’m not sure if people that signed up for the recent $100 deal will be eligible or not. This is much more a traditional brokerage offer than that bonus as that bonus only required $500 to be deposited – sadly that is no longer available.

Post history; previous bonuses were as follows:

  • $100 bonus with $25,000 in qualifying assets
  • $150 bonus with $50,000 in qualifying assets
  • $250 bonus with $100,000 in qualifying assets
  • $600 bonus with $200,000 in qualifying assets
  • $1,200 bonus with $500,000 in qualifying assets
  • $2,500 bonus with $1,000,000 in qualifying assets
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40 Comments
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Tom
Tom (@guest_1509379)
December 13, 2022 23:55

I think this is expired.

Mawney
Mawney (@guest_1357351)
April 2, 2022 00:42

Updated tiers as of this writing (new accounts only):

Initial Deposit Cash Reward Crypto Reward
$5,000 $200 USD OR $200 in crypto
$10,000 $500 USD OR $500 in crypto
$100,000 $1,000 USD OR $1,000 in crypto
$1,000,000 $2,500 USD OR $2,500 in crypto

(you can see here: https://www.doctorofcredit.com/tradestation-crypto-bonus-up-to-2500/)

20201103
20201103 (@guest_1350450)
March 20, 2022 01:19

The posted link no longer shows a bonus. Here is a different link with current bonus https://www.tradestation.com/promo/try-us/

SamL
SamL (@guest_1125215)
January 11, 2021 00:45

There are so many fees listed. https://www.tradestation.com/pricing/service-fees/ e.g.
Outgoing Account Transfer $125
TradeStation IRA Account Annual Fee $35
TradeStation IRA Account Termination $50
I find it hard to see what are all the fees I might realistically encounter.
I can’t see mutual fund fees.
It doesn’t look like they have rollover IRAs.
Maybe I’m talking myself out of this place.

AllwaysLearning22
AllwaysLearning22 (@guest_1134935)
January 27, 2021 22:56

AFAIK: For tax (and other purposes) there is no difference between a rollover IRA and a regular IRA, but I also don’t like the myriad of fees. Probably won’t do it because of that. Any financial institution that charges an annual fee on an IRA account does not deserve to handle my money IMO 🙂

SamL
SamL (@guest_1143048)
February 10, 2021 22:07

For asset protection purposes there may be a difference between a rollover IRA and a regular IRA.

sg77
sg77 (@guest_1143093)
February 11, 2021 00:35

One case where an IRA fee might be reasonable: if you want to put things other than stocks/bonds in your IRA, e.g., bitcoin. (There are some custodians that do that; but I doubt that’s the case here with TradeStation).

Jacob
Jacob (@guest_1180609)
April 22, 2021 02:05

Yeah the fees alone would nearly kill my bonus. Not worth it.

TomT
TomT (@guest_1118995)
December 30, 2020 14:09

Holding period is 270 days, not 180:

TradeStation will calculate your eligibility to receive a cash offer by adding all New Assets deposited or transferred into the Account during the Promotional Period, reduced by any withdrawals or transfers from the Account during the 270-calendar day holding period following the last day upon which you funded your Account with New Assets during the Promotional Period (“Qualifying Assets”)

Alex
Alex (@guest_1088024)
November 10, 2020 14:35

Tradestaation requires applicants to send in copies of documents verifying identity, such as driver’s license or bank statements, via a regular unsecure and unencrypted email message.

When I inquired about a possibility of providing them copies of the documents via a secured channel I received a response 25 (!) days later from one of the representatives suggesting that I mail in the documents to the address that is listed in their materials as the address to send the deposit checks to.

Pretty much this is an indication that Tradestation does not understand online security very well and does not even have a streamlined process to received any documents by mail.

Jim
Jim (@guest_1040938)
August 22, 2020 00:30

Any folks with experience with TradeStation know if they reimburse for the outgoing transfer fee assessed by the delivery firm?

Thanks

TB
TB (@guest_1034797)
August 11, 2020 23:38
nik
nik (@guest_1025180)
July 28, 2020 17:20

I opened an account. To transfer from an existing account you have to pint out and fill out a form and either mail, email, or fax it in. Its not all online. Beware!

30
30 (@guest_1025573)
July 29, 2020 08:15

That does it! No way am I completing paperwork. Shut it down!

nik
nik (@guest_1025808)
July 29, 2020 15:14

The bonus will be paid out after 270 days. (not 180 days as above.) What is the recourse if the brokerage does not payout? I have had nothing but exceptionally good experience with CFPB when it comes to bank complaints. I have never had to deal with taking to task a recalcitrant brokerage before.

Pazzo
Pazzo (@guest_1024822)
July 28, 2020 09:14

Who has $5 million and wants to trust a less-than-mainstream brokerage with assets 10x the SIPC protection limit? Not this guy. I wish I had $4.5+ million to lose.