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15 Best Brokerage Account Bonuses, Promos & Deals [May 2024]

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You’re ready to start investing – let’s get you started off on the right foot with a brokerage account bonus.

Many online brokerage accounts offer hundreds (or even thousands) of dollars as a bonus for opening an account with them.

We’ve found the best brokerage account bonuses, with some firms offering up to $10,000 for opening an account and depositing funds with them.

Check out the details below to find a brokerage bonus from top-rated brokerages👇

15 Best Brokerage Account Bonuses

Here are the details regarding each brokerage account bonus:

1. M1 Finance – Up to $10,000

Bonus Amount: $75 – $10,000

Minimum Deposit (to earn bonus): $10,000 deposit

Account Fees: $0 for standard accounts, $125/year for M1 Plus accounts

M1 Finance offers the best broker bonus in 2024.

M1 is an all-in-one investing app and banking service that offers free stock and ETF trading, as well as access to a high-interest cash account.

M1 is currently offering a brokerage account bonus for new clients that deposit at least $10,000. They are also offering a cash bonus for clients that transfer funds from another brokerage service, with a minimum $50,000 transfer.

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How to Qualify for M1 Finance Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for an M1 Finance account
  • Choose an account type (brokerage, IRA, etc)
  • Fund your account with a minimum $10,000 deposit
  • Receive bonus

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$10,000 – $29,999
$75
$30,000 – $49,999
$150
$50,000 – $99,999
$250
$100,000+
$500

How to Qualify for M1 Finance Transfer Bonus

To qualify for the transfer bonus, here are the steps required:

  • Sign up for an M1 Finance account
  • Choose “Transfer from another brokerage” to fund account
  • Choose an account type (brokerage, IRA, etc)
  • Select brokerage and input account number
  • M1 Finance will take care of the details

Here are the transfer requirements and bonus amounts being offered:

Transfer
Bonus Amount
$50,000 – $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+
$10,000

2. E*TRADE – Up to $3,500

Bonus Amount: $50 – $3,500

Minimum Deposit (to earn bonus): $5,000 deposit

Account Fees: None

The next broker bonus is E*TRADE. E*TRADE (now part of Morgan Stanley) is a popular online brokerage that has been around since the 80’s and offers low-fee trading, access to a huge selection of investments, and even robo-advisory and wealth management services.

E*TRADE is currently offering up to a $3,500 cash bonus for new accounts with a qualifying deposit.

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How to Qualify for E*TRADE Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for an E*TRADE account with promo code “BONUS23
  • Choose account type (brokerage or retirement)
  • Fund your account with a minimum $5,000 deposit within 60 days of account opening
  • Receive bonus

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$5,000 – $19,999
$50
$20,000 – $49,999
$100
$500,000 – $99,999
$200
$100,000 – $199,999
$300
$200,000 – $499,999
$600
$500,000 – $999,999
$1,200
$1,000,000 – $1,499,999
$2,500
$1,500,000+
$3,500

3. Charles Schwab – Up to $1,000 (referral)

Bonus Amount: $100 – $1,000

Minimum Deposit (to earn bonus): $25,000 deposit

Account Fees: None

The next best of the broker promotions is from Schwab. Schwab is a highly-rated brokerage firm that offers everything from retirement accounts to brokerage accounts to robo-advisory services to wealth management. Schwab offers fee-free access to stocks and ETFs, and carries their own assortment of investment funds as well.

Schwab is currently offering up to $1,000 for new accounts that apply with a referral link from an existing Schwab customer.

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How to Qualify for Charles Schwab Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for a Schwab Intelligent Portfolios®, Schwab Managed Portfolios™, Schwab Managed Account Select®, Schwab Managed Account Connection®, or Schwab Wealth Advisory™ account
  • Deposit a minimum of $25,000 within 45 days of account opening
  • Receive bonus within 1 – 2 weeks of 45-day period ending

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$25,000 – $49,999
$100
$50,000 – $99,999
$300
$100,000 – $499,999
$500
$500,000+
$1,000

4. eToro – Up to $250

Bonus Amount: $250

Minimum Deposit (to earn bonus): $5,000 deposit

Account Fees: None

eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

eToro is an online broker best known for its social investing features that allow you to trade with, invest and learn alongside, and even copy other traders with eToro CopyTrader.

eToro also offers access to commission-free stocks, ETFs, and options trading, and also carries a number of cryptocurrencies.

eToro always offers solid brokerage account promotions, and is currently offering up to $250 for new clients with a qualifying deposit.

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How to Qualify for eToro Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for an eToro account
  • Fund your account with a minimum $5,000 deposit
  • Receive $250 bonus

Maintaining a $5,000 asset balance will also give you access to eToro Club, which gives discounts on trading fees and free access to financial publication subscriptions.

5. J.P. Morgan Self-Directed Investing – Up to $700

Bonus Amount: $50 – $700

Minimum Deposit (to earn bonus): $10,000 deposit

Account Fees: None

J.P. Morgan Self-Directed Investing is a low-fee online brokerage account that offers access to commission-free stock and ETF trading, as well as access to fixed income, mutual funds, and options trading. The platform offers a simple design, aimed at long-term investors and high-net-worth individuals.

J.P. Morgan Self-Directed Investing offers up to $700 for new accounts with a qualifying deposit. Chase is the parent company for the account, so deposited funds must come from OUTSIDE of both J.P. Morgan or Chase existing accounts.

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How to Qualify for J.P. Morgan Self-Directed Investing Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for a J.P. Morgan Self-Directed Investing account
  • Choose account type (brokerage, IRA, etc.)
  • Fund your account with a minimum $10,000 deposit within 45 days of account opening
  • Account value must maintain balance for 90 days to qualify

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$10,000 – $24,999
$50
$25,000 – $99,999
$150
$100,000 – $249,999
$325
$250,000+
$700

6. TastyWorks – Up to $2,000

Bonus Amount: $100 – $2,000

Minimum Deposit (to earn bonus): $5,000 deposit

Account Fees: None

TastyWorks is one of the best trading platforms for active traders. With no-commission trading on stocks & ETFS, plus access to a wide variety of assets, and their own internal TV network, TastyWorks is ideal for experienced traders that want instant access to market insights and low fees.

TastyWorks is currently offering up to $2,000 for new accounts with a qualifying deposit.

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How to Qualify for TastyWorks Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for a TastyWorks account using referral code “TIERED_2023
  • Choose to open a standard brokerage account (IRAs do not qualify for bonus)
  • Fund your account with a minimum $5,000 deposit
  • Account value must maintain balance for 12-months to qualify

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$5,000 – $24,999
$100
$25,000 – $99,999
$500
$100,000+
$2,000

7. TradeStation – Up to $3,500

Bonus Amount: $150 – $3,500

Minimum Deposit (to earn bonus): $5,000 deposit

Account Fees: None

TradeStation is an advanced trading platform that offers commission-free stock, ETF, options, and futures trading. TradeStation offers several alternative assets as well, including forex, international stocks, and cryptocurrency.

TradeStation currently offers up to $3,500 for new accounts.

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How to Qualify for TradeStation Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for a TradeStation account
  • Choose to open a standard brokerage account (IRAs do not qualify for bonus)
  • Fund your account with a minimum $5,000 deposit within 45 days of account opening
  • Account value must maintain balance for 270 days to qualify

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$5,000 – $24,999
$150
$25,000 – $99,999
$300
$100,000 – $249,999
$500
$250,000 – $499,999
$1,000
$500,000 – $999,999
$2,000
$1,000,000+
$3,500

8. Merrill Edge – Up to $600

Bonus Amount: $100 – $600

Minimum Deposit (to earn bonus): $20,000 deposit

Account Fees: None

Merrill Edge (a Bank of America Company) is a trusted online broker that offers $0 stock and ETF trading, as well as options trading. Merrill Edge is known for its intuitive trading platform and market insights via built-in research. This platform is designed for high-net worth investors and experience traders that want a professional look and feel.

Merrill Edge is currently offering up to a $600 cash bonus for depositing funds into a new self-directed investing account.

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How to Qualify for Merrill Edge Deposit Bonus

To qualify for the deposit bonus, here are the steps required:

  • Sign up for aMerrill Edge account
  • Choose an account type (brokerage, IRA, etc)
  • Fund your account with a minimum $20,000 deposit
  • Receive bonus

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$20,000 – $49,999
$100
$50,000 – $99,999
$150
$100,000 – $199,999
$250
$200,000+
$600

9. moomoo – Up to $2,000 (Free stock)

Bonus Amount: $3 – $2,000

Minimum Deposit (to earn bonus): None

Account Fees: None

moomoo is a commission-free stock and options trading platform that offers advanced trading tools and a slick mobile app for trading on the go. moomoo (like Robinhood) aims at young investors that want to pay no fees for trading, and gives exposure to global markets, including ADRs (international investing) and OTCs (over-the-counter trading of alternative assets).

moomoo is offering free stocks to new users, with multiple “chances” to draw, depending on how much you deposit. The free stock can be worth up to $2,000.

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How to Qualify for Moo Moo Bonus

To qualify for the bonus, here are the steps required:

  • Sign up for a Moo Moo account
  • Receive 1 free chance to draw
  • Deposit funds ($100 – $1,000) to receive more chances

For additional chances, you will need to maintain a $100 or $1,000 balance for at least 60 days to unlock the free stocks.

Here are the deposit requirements and number of drawings being offered:

Deposit
Free Stock Drawings
$0
1
$100
4
$1,000
10

10. TD Ameritrade – Up to $1,000 (referral)

Bonus Amount: $100 – $1,000

Minimum Deposit (to earn bonus): $25,000

Account Fees: None

TD Ameritrade is an online broker that offers low fees and access to a professional level trading platform. TD Ameritrade also caters to beginners, with a super simple mobile app and access to stocks, ETFs, and other investments. But professionals can use TD Ameritrade’s thinkorswim trading platform for one of the best all-around trading experiences available.

TD Ameritrade is currently offering up to $1,000 as a referral bonus if you meet the minimum deposit requirements.

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How to Qualify for TD Ameritrade Bonus

To qualify for the bonus, here are the steps required:

  • Sign up for a TD Ameritrade account using a referral link
  • Choose an account type (brokerage, IRA, etc)
  • Deposit at least $25,000
  • You will receive a cash reward deposited into your account

Here are the deposit requirements and bonus amounts being offered:

Deposit
Bonus Amount
$25,000 – $49,999
$100
$50,000 – $99,999
$300
$400,000 – $199,999
$500
$500,000+
$1,000

11. Robinhood – Up to $200 (Free stock)

Bonus Amount: Free stock worth $5 up to $200

Minimum Deposit (to earn bonus): None

Account Fees: $0 for standard accounts, $5/month for Robinhood Gold accounts

Robinhood is a popular stock and crypto trading app that charges no commissions on trades, and has one of the best mobile app designs of any broker. Robinhood offers access to most U.S. stocks and ETFs, and several popular cryptocurrencies, and recently launched their IRA account. Robinhood is offering a free stock bonus to new clients, with no deposit required.

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How to Qualify for Robinhood Bonus

To qualify for the bonus, here are the steps required:

  • Sign up for a Robinhood account
  • Link your bank account
  • Robinhood will award you with a free stock in your account

Robinhood states that 98% of participants will get a stock valued at $5 – $10, but some may receive a stock worth up to $200 in value.

12. Fidelity – $100

Bonus Amount: $100

Minimum Deposit (to earn bonus): $50

Account Fees: None

Fidelity is one of the most popular brokerage firms in the U.S. with over 40 million clients. It offers a wide range of services, including retirement accounts, education savings accounts, robo-advisory services, wealth management, and more.

Fidelity is currently offering a $100 sign up bonus for new customers that open a qualifying Fidelity account and deposit at least $50.

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How to Qualify for the Fidelity Bonus

To qualify for the $100 Fidelity sign up bonus, you will need to open a qualifying Fidelity account, including:

  • Fidelity Starter PackSM
  • The Fidelity Account®
  • Fidelity® Cash Management Account
  • Roth IRA
  • Traditional IRA

You will need to use the code FIDELITY100 when opening your account to qualify.

Once opened, you will need to deposit at least $50 within 15 days of account opening, and Fidelity will then award you with a $10 bonus.

13. Webull – Up to $1,400 (Free stocks)

Bonus Amount: Free stocks worth up to $3,000

Minimum Deposit (to earn bonus): $100

Fees: None

Webull is a stock and crypto trading app that offers access to thousands of no-commission stock, ETF, and options trades. Webull also offers crypto trading with a flat 1% spread fee. Currently, Webull is offering up to 12 free stocks to new account holders that sign up and deposit at least $100. The stocks will be valued anywhere between $3 and $300.

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How to Qualify for Webull Bonus

To qualify for the bonus, here are the steps required:

  • Sign up for a Webull account
  • Webull will award you with 2 free stocks
  • Deposit $100 or more into Webull account within 30 days
  • Webull will award an additional 4 – 10 stocks (chosen at random)
  • You must claim your free stocks within 30 days or they expire

Webull states the $100 deposit must be settled into your account to qualify, and settlement can take up to five business days.

14. SoFi Invest – Up to $1,000 (Free stock)

Bonus Amount: $5 – $1,000

Minimum Deposit (to earn bonus): $10

Account Fees: None

SoFi Invest is a popular investing app that offers access to no-commission stock and ETF trading, as well as the ability to invest in cryptocurrency. SoFi offers several accounts, including brokerage and retirement accounts, and also offers automated investing for no extra cost.

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SoFi is currently offering up to $1,000 in free stock for users that open a new account, deposit at least $10, and play a promotional game on their mobile app.

How to Qualify for SoFi Bonus

To qualify for the bonus, here are the steps required:

  • Sign up for a Sofi Invest account
  • Deposit at least $10 into your account
  • Download the SoFi Invest mobile app
  • Play the “grab” game in the app to try and get a bonus
  • Bonus amounts vary from $5 to $1,000

Once you receive the bonus amount, SoFi will convert it into a “stock bit”, which is a fractional share of your choice. If you don’t select a share, SoFi will select one for you.

15. Acorns – $10

Bonus Amount: $10

Minimum Deposit (to earn bonus): $5

Account Fees: $3/month for standard accounts, $5/month for family accounts

Acorns is a robo-advisory service and simple mobile app that allows you to round up the spare change of your purchases, and invest the difference. Acorns connects to your debit card, and transfers your change over, investing once you hit a balance of $5 (or more).

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How to Qualify for the Acorns Bonus

Acorns is currently offering a $10 sign up bonus for users that open an account and invest at least $5. There is no stated time limit on the bonus, but the terms and conditions can change at any time.

Final Word: Best Brokerage Account Bonuses in 2024

Brokerages are offering massive bonuses right now, but it’s important to read the fine print. Most require a significant deposit to get the top bonus amount, funds you might not have lying around.

If you’re just getting started, apps like Fidelity, Robinhood, Webull, and SoFi offer smaller bonuses, but you don’t need to deposit a huge chunk of change.

If you have an existing investment portfolio and are thinking of moving to a new broker, firms like M1 Finance, E*TRADE, and TradeStation are offering thousands of dollars to start using them. No matter which brokerage you pick, find one that fits your investing style AND puts some cash in your pocket. That’s a win-win!

By the way, brokerages aren’t the only ones offering bonuses — make sure to check out the Citibank promotions on credit and debit cards too.

That’s a wrap on my best brokers with bonus roundup!


FAQs:

What is the best brokerage account bonus right now?

M1 Finance is offering up to $10,000, which is the best brokerage account bonus right now. That said, it requires transferring $2 million in assets from another brokerage, so it is reserved for high-net worth individuals.

Fidelity is offering a $100 bonus for just a $50 deposit, which is a 200% return on investment, so if you don’t have much money to deposit, Fidelity is a great choice.

What is a brokerage account bonus?

A brokerage account bonus is a cash award, typically given to new clients that deposit a minimum amount of funds. These bonuses have strings attached usually, with most requiring that you maintain a minimum balance for a certain length of time.

What are some current brokerage account promotions?

M1 Finance is offering up to $10,000 for transferring money from another broker and up to $500 for new accounts. E*TRADE is giving new users up to $3,500 for depositing funds on the platform (with a minimum $5,000 deposit).

Charles Schwab offers a referral bonus of up to $1,000, but you need to get a link from an existing Schwab customer. And eToro is offering a $250 bonus for new accounts that deposit $5,000, plus they give access to eToro Club to get discounted trading fees and even eToro swag!

What are the best brokerage promotions right now?

There are several promotions available, including:

M1 Finance - Up to $10,000

E*TRADE - Up to $3,500

Charles Schwab - Up to $1,000 (referral)

eToro - Up to $250

J.P. Morgan Self-Directed Investing - Up to $700

TastyWorks - Up to $2,000

TradeStation - Up to $3,500

Merrill Edge - Up to $600

Moo Moo - Up to $2,000 (Free stock)

TD Ameritrade - Up to $1,000 (referral)

 Robinhood - Up to $200 (Free stock)

 Fidelity - Up to $100

 Webull - Up to $1,400 (Free stock)

 SoFi - Up to $1,000 (Free stock)

 Acorns - $10

Where to Invest $1,000 Right Now?

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Our May report reveals the 3 "Strong Buy" stocks that market-beating analysts predict will outperform over the next year.

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About the author

Jacob Wade

Contributor

Jacob is a nationally-recognized personal finance writer and has written for The Balance, The Spruce, LendingTree, Hedge With Crypto, Investopedia, Money Under 30, and other widely-followed sites. He is an expert in teaching others how to budget, save money, pay off debt, and invest, and loves to help others find the best ways to manage their money.