[Expired] TradeStation: Crypto Bonus $200-$2,500 (Requires $5,000 – $1,000,000)

Bonus is now significantly worse:

  • Deposit $10,000 in crypto for $120 in crypto bonus
  • Deposit $100,000 in crypto for $1,200 in crypto bonus

The Offer

Direct link to offer

  • TradeStation is offering a bonus of up to $2,500 when you purchase crypto. Tiers are as follows:
    • $200 bonus for depositing $5,000+
    • $500 bonus for depositing $10,000+
    • $1,000 bonus for depositing $100,000+
    • $2,500 bonus for depositing $1,000,000+

The Fine Print

  • Not available in all states
  • This promotional offer applies to new TradeStation Crypto, Inc. (“TradeStation Crypto”) accounts that are approved on or after December 20, 2021, and the offer will continue until terminated as communicated by written notice posted at www.tradestation.com/promo/try-us.
  • Except as provided below, all new TradeStation Crypto accounts are eligible for this promotional offer.
  • In order to qualify, there must be activity (at least one trade, deposit or withdrawal by you) in your TradeStation Crypto account within the period beginning with the time of payment of the reward to you and ending 12 months thereafter; if your account is an IRA account, then, in order to qualify, you must fund your IRA with additional assets within that 12-month period; failure to do so will result in surrender and forfeiture of the reward.
  • Subject to the terms of this offer, new approved TradeStation Crypto accounts will receive $10 notional value of a cryptocurrency supported by TradeStation Crypto.
  • If you fund your new TradeStation Crypto account with an initial one-time deposit of at least $5,000 notional value of supported cryptocurrency assets, or if you fund a new or existing TradeStation Securities, Inc. (“TradeStation Securities”) equities account that you use as a source to fund your crypto purchases with an initial one-time deposit (in the case of a new equities account) or new one-time deposit (in the case of an existing equities account) of at least $5,000 in cash (referred to as a “Funding-Based Reward”), then you are eligible for a larger reward as described below.
  • In order to qualify with deposited assets, whether crypto or cash, the qualifying assets must be deposited within 90 days from account approval and must be from a wallet or account that is not maintained with TradeStation companies (assets transferred from an existing account with TradeStation Crypto or TradeStation Securities do not qualify).
  • Asset value fluctuations (up or down) do not affect the calculation of qualifying assets.
  • Existing TradeStation Crypto clients are not eligible for this offer.
  • This offer cannot be combined with any other offers. Only one offer/reward is available per client on one qualifying account.
  • The reward will not be paid if, before the reward is paid to you, you close your account, if you are prohibited from making further trades in any account with a TradeStation company or if you are considered by a TradeStation company to not be in good standing (as a result of, for example, unauthorized or improper trading or account activity).
  • TradeStation companies have the right to claw back any reward that is paid to you, resulting in surrender and forfeiture of the reward, if they determine that your account is opened by fraudulent or unlawful means or qualifying assets are derived from fraudulent or unlawful means.
  • Customers who receive promotional offers from any TradeStation company 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.

Our Verdict

Looks like this is only for new TradeStation customers, the return gets worse as the bonus increases unfortunately. You can view current & past Tradestation bonuses in the past here. Personally think the previous offers of depositing $500+ and getting $150 back are a better option.

Hat tip to reader Davis

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221 Comments
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JurianTheDurian
JurianTheDurian (@guest_1564855)
February 27, 2023 10:53

I generated a temporary login for P1 & P2 since I had closed accounts in early 2022 but wasn’t able to find any 1099 related to the promotional offer. I called in for P1 and used chat for P2 inquiring about tax forms and they said they didn’t issue one.

Lefty
Lefty (@guest_1563157)
February 24, 2023 09:19

Did anyone receive a 1099 for the promotion credit for tax year 2022? I received a crypto 1099 but it doesn’t include the promotion amount. When logged in, the Equities Account doesn’t have a 1099 even though the statement shows the promotion credit on a monthly statement. I’m guessing that means they didn’t issue one for the promotion.

Lakers
Lakers (@guest_1517805)
December 23, 2022 20:09

3/17/22 Opened
12/23/22 Closed

Yep
Yep (@guest_1504267)
December 7, 2022 17:03

I would suggest caution in opening any account at Tradestation, and especially an IRA. Went to move money out and they are going to charge at LEAST $310 which will more than negate most of their bonuses. Not only did they not make it clear that they will charge you TWO IRA custodian fees even if you never used the equities account side. But also there’s a $50 termination fee. And they increased the IRA fee to $100 AFTER account was opened and funding was in transit, essentially a bait and switch. Agent told me it wouldn’t be charged until anniversary date but only now they say it will be charged on account closing even if you haven’t reached the anniversary date. Unbelievable.

I have filed a FINRA complaint as I’ve never seen such outrageous (and deceptive) fees just to get your money out. Caveat emptor.

Bryan
Bryan (@guest_1493037)
November 21, 2022 17:08

Has anyone had a favorable outcome after receiving the previous $150 bonus, opening a brand new account, following all the terms, and then being denied this crypto account deposit bonus? I know there were several CFPB complaints mentioned below but no updates since April.

Bryan
Bryan (@guest_1493956)
November 22, 2022 17:01

I’ve been going through the dispute process and just heard back from them that they are “refunding” P1/P2 the $500 bonus within 7-10 days.

MCT
MCT (@guest_1402486)
June 30, 2022 09:30

I just received an email from TradeStation today. “We want to inform you that effective today, June 30, TradeStation Crypto no longer offers interest on customer crypto assets held with the firm.”

Because of these changes I will be closing my account ASAP for obvious reasons.

PD
PD (@guest_1385034)
May 24, 2022 18:35

They’re jerking me around and not paying it, claiming it ended in February. Does anyone have a screen shot of the offer?

Jim
Jim (@guest_1385035)
May 24, 2022 18:46
  PD

Here you go: https://i.imgur.com/zdFWIhS.jpeg

Keep us posted!

Yep
Yep (@guest_1405830)
July 7, 2022 13:45
  PD

definitely didn’t end in February

asteroid
asteroid (@guest_1380107)
May 12, 2022 13:51

Anybody in my situation? Opened before 4/30 and clicked on “smart transfer in” to transfer in 10k before 4/30 . But the funds were shown reflected 10k balance on 5/3 or so.. and still hasn’t gotten the 500 bonus yet. Did I mess up?:(

Mochi
Mochi (@guest_1378211)
May 8, 2022 15:58

DP:
opened 04/27/2022
fund 10001 04/28/2022 and it appears to be in the equity account and then bought 1 usd worth of usdc
500 bonus posted 05/06/2022

L
L (@guest_1375809)
May 4, 2022 06:52

The bonus changed (not as good) as of May 1.
deposit $10,000 in crypto for $120 in crypto bonus
deposit $100,000 in crypto for $1,200 in crypto bonus
 William Charles