Lincoln is an investor and content marketer. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. Lincoln holds degrees in Finance, Economics, and Accounting.
Ready to start investing? Let’s give you a boost with a brokerage account bonus.
Plenty of online brokerage accounts offer hundreds — if not thousands! — of dollars to encourage you to jump onto their platforms. So, why not embrace this (admittedly self-serving) generosity to instantly grab some gains?
Let’s run through some of the best broker promotions we’ve discovered to put some green in your account on day one.
15 Best Brokerage Account Bonuses
- Moomoo – 8.1% APY and up to 15 free stocks
- TradeStation – Up to $3,500
- Webull – Up to 75 free fractional shares plus 7% APY
- M1 Finance – Up to 5% APY Boost or $750 Invest Bonus (referral)
- Robinhood – Up to $200 (Free stock)
- eToro – Up to $10
- E*TRADE – Up to $5,000
- Charles Schwab – Up to $1,000 (referral)
- J.P. Morgan Self-Directed Investing – Up to $700
- tastytrade – Up to $5,000
- Merrill Edge – Up to $600
- SoFi Invest – Up to $1,000 (Free stock)
- Acorns – $10 (Plus occasional rotating bonuses)
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Here are the details regarding each brokerage account bonus:
1. moomoo – 8.1% APY and up to 15 free stocks
Bonus Amount: 8.1% APY and up to 15 free stocks
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.
Similar to competitors like Robinhood, moomoo targets young investors who want convenience and attractive fees. Plus, this site currently has one of the industry’s most exciting brokerage account bonuses.
Today, moomoo offers a combo brokerage account bonus, including three months of 8.1% APY on cash and up to 15 free stocks.
The 8.1% APY is 3.5% higher than moomoo’s current 4.6% rate on cash balances, and each stock pick could be valued between $2 – $2,000.
How to Qualify for moomoo Bonus
To grab this extra moomoo moolah, you’ll need to complete a few steps:
- Open a moomoo account
- Enroll in Cash Sweep and activate the bonus coupon to get 8.1% APY for three months.
- Deposit $100 to get five free stock picks.
- Deposit $1,000 to get 15 (total) free stock picks.
2. TradeStation – Up to $3,500
Bonus Amount: $150 – $3,500
Minimum Deposit (to earn bonus): $5,000 deposit; $1 million deposit for max bonus
Account Fees: None
TradeStation is an advanced trading platform offering commission-free stock, ETF, options, and futures trading, perfect for active day or swing traders. It also offers easy ways to diversify with alternative assets, including forex, international stocks, and cryptocurrencies.
If you’re considering joining TradeStation, you could earn up to $3,500 in a brokerage account bonus. Check out the latest deposit minimums to qualify for TradeStation’s brokerage welcome bonus.
How to Qualify for TradeStation Deposit Bonus
Check out these details to qualify for the TradeStation deposit bonus:
- Sign up for a TradeStation account
- Choose to open a standard brokerage account (IRAs do not qualify)
- Fund your account with a minimum $5,000 deposit within 45 days of account opening
- Account value must maintain balance for 270 days
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 |
3. Webull – Up to 75 free fractional shares plus 7% APY
Bonus Amount: 75 free fractional shares plus 7% APY
Minimum Deposit (to earn bonus): $100
Fees: None
Similar to Robinhood, Webull is a hot trading app with an easy-to-navigate interface and access to no-commission trading for stocks and ETFs. Traders on Webull also have easy access to options and cryptocurrencies to add more strategies to their portfolios.
The latest brokerage sign up bonus for new Webull users includes a combination of higher earnings on cash (now sitting at 7% APY) and 75 fractional shares in mystery stocks.
Keep in mind the APY boost lasts for 30 days after setting up an account when you claim this brokerage sign up bonus.
How to Qualify for Webull Bonus
To qualify for the Webull brokerage bonus, here are the steps you need to take:
- Sign up for a Webull account
- Deposit at least $500
- Maintain your funds for at least 30 days to claim rewards
Here are the deposit requirements and bonus amounts being offered:
Deposit | Bonus Amount |
|---|---|
$500 – $24,999.99 | |
$25,000+ | 7% APY and 75 free fractional shares |
FYI: Each fractional share on Webull can have a value between $3 – $3,000, with the lower values being more common.
4. M1 Finance – APY Boost (Up to 5.00% APY Total) or Up to $750 Invest Bonus (Referral)
Bonus Amount: 0.50% APY boost (from 4.5% to 5.00%) for 3 months using the links below, or $75 Invest Bonus (person-to-person referrals only, limit 10 or $750 per year)
Account Fees: $0 for accounts of $10,000+; $3 per month for accounts below $10,000
M1 Finance is an all-in-one investing app that offers free stock and ETF trading, plus access to bond ETFs, crypto, and a high-interest cash account.
If you want to make the most out of joining the M1 community, it pays to search for a referral link from someone already on the platform.
M1 Finance offers two key bonuses right now: An APY boost or a referral bonus.
In the first reward, new users can enjoy three months of a “boosted” 0.50% APY rate, taking you from the current 4.50% rate to 5.00% for 3 months.
Alternatively, you could claim straight cash with a $75 credit if you refer a new customer using this link. From there, you’ll have to find a friend who wants to sign up (go ahead, point them toward our M1 Finance review to learn more about what makes the platform great). You’re limited to 10 of these per year, so there’s a $750 cap.
FYI: M1 Finance hosted other juicy welcome bonuses in the past, including some with rewards of up to $20,000 for transferring brokerage accounts. So, keep tabs on the latest news on M1 Finance to see if there are any new bonus bonanzas.
How to Qualify for M1 Referral Bonus
The steps to qualify for an M1 referral bonus are as follows:
- Find a referral link from an M1 user
- Set up an M1 Finance account
How to Qualify for M1 0.50% APY Bonus
- For the APY reward, set up a M1 High-Yield Cash or High-Yield Savings and fund the account with at least $1,000 within 30 days
5. Robinhood – Up to $200 (Free stock)
Bonus Amount: Free stock worth between $5 and $200
Minimum Deposit (to earn bonus): None
Account Fees: $0 for standard accounts, $5/month for Robinhood Gold accounts
Robinhood is among the hottest stock trading apps, especially for mobile-first millennials and Gen Z investors. Famous for its zero commission fees on stock and ETF trades, sleek UI/UX, and access to options and crypto, Robinhood is swiftly becoming an all-in-one trading platform for millions of users.
This app offers a brokerage bonus of one free stock to welcome new users into the Robinhood revolution. All you have to do is sign up to Robinhood, link a bank account, and transfer funds to claim a mystery stock.
How to Qualify for Robinhood Bonus
To qualify for Robinhood’s free stock bonus, follow these steps:
- Sign up for a Robinhood account
- Link your bank account or debit card
- Transfer funds
- Robinhood will award you with one free stock in your account
Just keep in mind that Robinhood says 98% of participants will get a stock valued between $2.50 – $10, but who’s to say you’re not one of the extra lucky ones?
6. eToro – Up to $10
Bonus Amount: $10
Minimum Deposit (to earn bonus): $100 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, which allow users to interact with fellow traders and copy their portfolios.
This global broker is also well known for its cryptocurrency portal plus commission-free trading on stocks, ETFs, and options.
Often, eToro offers enticing brokerage account promotions to welcome new users to its platform, and it currently provides $10 for simply depositing $100 into a new account. I know $10 might not sound like a lot, but considering you only need to deposit $100, it’s pretty good relative to the deposit thresholds for the other bonuses in this post.
It’s also worth mentioning eToro sometimes offers free crypto or higher rewards, so keep your eyes peeled if you want to hold out for a different brokerage sign up bonus.
How to Qualify for eToro $10 Deposit Bonus
Qualifying for eToro’s latest deposit bonus is pretty straightforward:
- Sign up for an eToro account
- Fund your account with a minimum $100 deposit
- Receive $10 bonus
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
7. E*TRADE – Up to $3,500
Bonus Amount: Between $100 – $5,000
Minimum Deposit (to earn bonus): $50
Account Fees: None
The next broker bonus comes from a platform that has been delighting traders since the era of Pac-Man: E*TRADE. Now a part of Morgan Stanley, E*TRADE is a popular online brokerage started in the 1980s, and it now offers low-fee trading plus a huge selection of investments.
To join the E*TRADE family, you could get up to a $5,000 cash bonus for new accounts, provided you have a qualifying deposit.
However, even if you deposit only $50, opening an E*TRADE account can still earn you some cash.
How to Qualify for E*TRADE Deposit Bonus
To qualify for the E*TRADE deposit bonus, here are the steps required:
- Sign up for an E*TRADE account with promo code “REWARD24”
- Choose a non-retirement account
- Fund your account with a minimum $50 deposit within 60 days of opening
Deposit | Bonus Amount |
|---|---|
$50 – $999 | $100 |
$1,000–$19,999 | $150 |
$20,000–$99,999 | $300 |
$100,000–$199,999 | $600 |
$200,000–$499,999 | $800 |
$500,000 – $999,999 | $1,000 |
$1,000,000 – $1,499,999 | $3,000 |
$1,500,000+ | $5,000 |
8. Charles Schwab – Up to $1,000 (referral)
Bonus Amount: $100 – $1,000
Minimum Deposit (to earn bonus): $25,000 deposit
Account Fees: None
Charles Schwab is another highly-rated broker that offers everything from retirement and brokerage accounts to robo-advisory services and wealth management. With an account on Charles Schwab, you’ll enjoy fee-free access to stocks and ETFs, plus an assortment of proprietary investment funds.
If you know anyone already on Schwab and has a referral link, you should hit them up for instant savings. Currently, Schwab offers up to $1,000 for new accounts that apply with a referral link and make a required deposit.
How to Qualify for Charles Schwab Deposit Bonus
To qualify for the Schwab referral bonus, there are a few steps required:
- Get a referral link from an existing Schwab user
- Sign up for a qualified Schwab account (e.g., a retail brokerage account or IRA)
- Deposit a minimum of $25,000 within 45 days of account opening
- Receive bonus within 1 – 2 weeks after the 45 days
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 |
9. J.P. Morgan Self-Directed Investing – Up to $700
Bonus Amount: $50 – $700
Minimum Deposit (to earn bonus): $5,000 to earn a bonus; $250,000 deposit for max bonus
Account Fees: None
Tied to the storied Chase bank, J.P. Morgan Self-Directed Investing is a low-fee online brokerage account that offers access to commission-free stock and ETF trading — plus fixed income, mutual funds, and options. This platform has a smooth and simple design that’s more geared toward long-term investors and high-net-worth individuals.
If you feel most comfortable on J.P. Morgan’s platform, they offer up to $700 for new accounts with a qualifying deposit. Just keep in mind that since Chase is the parent company, deposited funds must come from outside of existing accounts associated with this institution.
How to Qualify for J.P. Morgan Self-Directed Investing Deposit Bonus
If you want to claim the J.P. Morgan deposit bonus, here are the steps to follow:
- Sign up for a J.P. Morgan Self-Directed Investing account
- Choose account type (e.g., brokerage or IRA)
- Fund your account from a non-Chase account within 45 days
- Maintain this account balance for 90 days
Here are the deposit requirements and bonus amounts being offered:
Deposit | Bonus Amount |
5,000-$24,999 | $50 |
$25,000 – $99,999 | $150 |
$100,000 – $249,999 | $325 |
$250,000+ | $700 |
10. tastytrade – Up to $5,000
Bonus Amount: $100 – $2,000
Minimum Deposit (to earn bonus): $2,000; $1 million deposit for max bonus
Account Fees: None
Formerly known as “TastyWorks,” tastytrade is a tantalizing platform for active traders. With no-commission trading on stocks and ETFs, advanced charting tools, and even its own TV network, tastytrade is ideal for experienced traders that want instant access to market insights and low fees.
Here’s something else to whet your appetite — tastytrade offers up to $5,000 for new accounts with a qualifying deposit. So, if you’re already interested in a day or swing trading platform, this might be the “tastiest” (sorry!) option.
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 “MYNEWBONUS”
- Choose to open an eligible brokerage account (IRAs and international accounts do not qualify)
- Fund your account with a minimum $2,000 deposit
- Account value must maintain this balance for 12-months to qualify
Here are the deposit requirements and bonus amounts being offered:
Deposit | Bonus Amount |
$2,000-$4,999 | $50 |
$5,000 – $24,999 | $100 |
$25,000 – $99,999 | $500 |
$100,000-$249,999 | $2,000 |
$250,000 – $499,999 | $3,000 |
$500,000 – $999,999 | $4,000 |
$1,000,000+ | $5,000 |
11. Merrill Edge – Up to $600
Bonus Amount: $100 – $600
Minimum Deposit (to earn bonus): $20,000 deposit; $200K+ deposit to earn max bonus
Account Fees: None
Merrill Edge (a Bank of America Company) is another trusted online broker offering zero-commission stock, ETF trading, and options trading. Merrill Edge is also known for its intuitive trading platform and informative market insights via built-in research tabs.
Regarding brokerage account promotions, Merrill Edge is currently offering up to a $600 cash bonus. Any new Merrill Edge users opening a self-directed investing account can qualify for this broker bonus, provided they have the required deposit amount.
How to Qualify for Merrill Edge Deposit Bonus
To qualify for Merrill Edge’s deposit bonus, here are the steps required:
- Sign up for a Merrill Edge account
- Choose an account type (brokerage, IRA, etc.)
- Fund your account with a minimum $20,000 deposit within 45 days
- Maintain the required balance for 90 days
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 |
12. SoFi Invest – Up to $1,000 (Free stock)
Bonus Amount: $5 – $1,000 in stock and $10,000 payout
Minimum Deposit (to earn bonus): $10
Account Fees: None
The fintech app SoFi continues to grow its portfolio of financial offerings outside of banking into the trading sphere.
Indeed, with a SoFi Invest account, users can access zero-commission stock and ETF trading with either individual brokerage or retirement accounts. You could even opt for automated investing features on SoFi to take some of the guesswork out of building your portfolio.
SoFi Invest also offers two brokerage sign-up bonuses for new users to take advantage of. First, after signing up on SoFi Invest and depositing $25, you get to play a mini-game called “The Claw.” But instead of picking up a cute stuffed animal, you’ll get a stock worth between $5 – $1,000.
Also, for traders who transfer investments via ACAT from another brokerage, you could get up to $10,000 on SoFi Invest.
How to Qualify for SoFi Bonus
First, let’s detail how to get the SoFi Claw bonus for a free stock:
- Sign up for SoFi’s Active Investing platform
- Deposit at least $25 into your account within 30 days
- Play the Claw game in the SoFi app to grab a bonus stock
In case you were wondering, here are the odds for the value of the stock you’ll pull out of SoFi’s Claw machine:
Stock value | Odds of winning |
|---|---|
$5 | 85.488% |
$10 | 9.498% |
$25 | 3.324% |
$100 | 1.662% |
$1000 | 0.028% |
How to Qualify for the SoFi Transfer Bonus
If you’re moving investments from one brokerage to SoFi Invest via ACAT, you could qualify for a bonus cash reward. Just keep in mind that SoFi requires you to leave these investments in your account for at least two years to be eligible for the bonus cash.
Transfer Value | Bonus |
|---|---|
$5,000 – $24,999.99 | $100 |
$25,000 – $99,999.99 | $200 |
$100,000 – $249,999.99 | $500 |
$250,000 – $499,999.99 | $750 |
$500,000 – $999,999.99 | $1,000 |
$1,000,000 – $4,999,999.99 | $2,500 |
$5,000,000.00+ | $10,000 |
13. Acorns – $10 (Plus frequent rotating bonuses)
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).
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. Also worth noting: Acorns has frequent rotating referral bonuses — I’ve seen some as high as $1200 in recent memory. Click below to learn more.
Final Word: Best Brokerage Account Bonuses in 2024
Some of these brokerage bonus rewards are so enticing they could make you want to swap to a new exchange, but don’t be too rash about making such a significant decision.
It’s always important to look beyond the flashy headlines to uncover what you’re eligible for. Also, remember that most of the best brokerage account bonuses require a significant deposit, so you most likely won’t get the maximum posted amount.
Have a particular interest in free stocks? Check out this post: “10 Apps That Give Free Stocks for Signing Up.”
That’s a wrap on my best brokers with bonus roundup!
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with Moomoo Financial Inc. (MFI), Moomoo Technologies Inc. (MTI) or any other affiliate. The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided are their own and not necessarily the views of MFI, MTI or moomoo. Moomoo and its affiliates do not endorse any strategies that may be discussed or promoted herein and are not responsible for any services provided by the influencer. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation of a security or to engage in any investment strategy. Investing involves risk and the potential to lose principal. Investment and financial decisions should be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Any images shown are strictly for illustrative purposes. Past performance does not guarantee future results. U.S. residents trading in U.S. securities may trade commission-free using the moomoo app through Moomoo Financial Inc. (MFI). Please see our pricing page for other fees. Level 2 data is free to moomoo users that have an approved MFI brokerage account. Trading during Extended Hours Trading Sessions carries unique risks, such as greater price volatility, lower liquidity, wider bid/ask spreads, and less market visibility, and may not be appropriate for all investors.
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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