Best Stock Brokerage Promotions (June 2020)
When deciding on what brokerage account to go with, you should consider what the sign up promotion is.
Each month, we will be going through and compiling the best sign up bonuses for the popular stock brokerages available today. These companies are all fighting for you as a customer, so many are willing to offer generous sign up incentives. Here are the best of the best!
Best Bonuses For June 2020
- Webull - 2 Free Stocks Worth Up To $1,650
- Robinhood - 1 Free Stock Worth Up To $200
- Acorns - Free $5 To Invest When You Sign Up
1. Acorns (Free $5)
Acorns is one of the most popular micro-savings platforms. It literally lets you turn your spare change into investments.
For every purchase you make with a linked credit or debit card, it “rounds up” to the nearest dollar (or other amount you choose) and micro-invests the difference. This micro-savings service offers other features, such as Found Money. Every time you use your Acorns-linked debit or credit card at a select retailer, that retailer will invest an amount into your Acorns investing account.
You can also speed up your Acorns amount by setting your account to multiply your change two, three or ten times. Acorns Later is designed for customers to invest in IRAs specifically designed for them.
If you want to try Acorns for yourself, you can now receive a $5 bonus just for joining. All you need to do is sign up for a new Acorns account. You will get a $5 credit once you've completed your registration.
2. Ally Invest (Up To $3,500 Bonus Cash)
Ally Invest offers commission-free stock and ETF trades, forex trading and low options contract fees, making it a good choice for active traders. They are adding tools to help new investors begin their experience.
Since acquiring TradeKing in 2016, Ally financial services have expanded to offer clients both trading and investment portfolios, making Ally investing a popular robo-advisory platform.
They are offering up to $3,500 in bonus cash to anyone who opens a brokerage account or transfers one with a value of $10,000 or more. The larger the account, the larger the bonus!
|Deposit/Transfer Amount||Bonus Cash|
|$10,000 - $24,999||$50|
|$25,000 - $99,999||$200|
|$100,000 - $249,999||$300|
|$250,000 - $499,999||$600|
|$500,000 - $999,999||$1,200|
|$1,000,000 - $1,999,999||$2,500|
3. E*TRADE (No Current Promotion)
E*TRADE is a simple acronym for electronic trade. This brokerage is known as the pioneer of online trading for retail investors.
It was launched in the early ‘80s when a physicist and inventor developed a process to place a trade online for retail investors. This was actually the first online transaction ever sent to an exchange. Thus, it was a new way for investors of any size to oversee their investments online, without needing a broker in place to handle the deals.
E*TRADE lets you easily trade financial assets and securities such as mutual funds, forex, options, futures, fixed income investments and exchange traded funds. E*TRADE provides tools and resources for keeping tabs on the markets or tracking individual stocks, bonds, as well as funds that aren’t even in your current portfolio for comparison and research.
4. Webull (2 Free Stocks Worth Up To $1,650)
Webull is a commission-free stock and ETF trading platform. Experts designed Webull for active traders looking for a more dynamic user interface than some free platforms are offering. This platform has features helpful to traders such as technical indicators, research agency ratings, financial calendars and more.
With easy access to margin, research tools and live data, Webull has built a good platform for active traders. Keep in mind, it is not designed for long-term passive investors. Instead it’s for people who are actively trading.
Currently they are offering new users two free stocks if you use this link.
- The first free stock, worth between $2.50 and $250, is for opening the account
- The second free stock, worth between $12 and $1,400. is for funding the account with $100+
You can get two free stocks worth a minimum of $14.50 and a maximum of $1,650! Only valid for new brokerage or IRA accounts with Webull.
Event duration 5/12/20 to 6/22/20.
5. M1 Finance (No Current Promotion)
M1 Finance is a broker and robo-advisor offering free trades for Stocks and ETFs. This means there are zero trading fees when using the platform for investing in individual stocks or exchange-traded funds. M1 Finance also offers free robo-advisor services.
With M1, you can create a custom portfolio or choose from ready-made portfolios called “Expert Pies.” With an investment minimum of just $100 ($500 for retirement accounts), this is an excellent choice for beginners. M1 Finance is headquartered in Chicago, IL.
6. Firstrade (1 Free Stock When You Refer A Friend)
Firstrade is an online brokerage firm offering a full line of investment products and tools designed to help investors with commission-free trading. Founded in 1985, Firstrade provides online and mobile trading of stocks/ETFs, options, mutual funds, fixed income products and more. They offer extended hours trading from 8am-8pm.
Firstrade is a discount, self-directed brokerage service, and like others, doesn’t make recommendations or offer investment, financial, legal or tax advice.
Invite people to Firstrade and grow your portfolio. Every time you refer a friend or family member to Firstrade, you will both get a free stock. Once your friend’s account is approved, a free stock will be ready to claim in both of your accounts.
The free stock is one share selected randomly and determined by an algorithm. The value of the share may be anywhere between $3 and $200 and fluctuates based on market movements.
7. Charles Schwab (Referral Promotion Up To $500)
The firm is known for its electronic trading platforms, investor education, and discount brokerage services, particularly reduced and free trading commission charges. That means $0 online stock and ETF trade commissions. You will find 24/7 customer support from experienced investment professionals at Schwab. Research, tools, education, and expert insights will help make smart investment decisions.
Schwab’s robo-advisor builds a diversified portfolio of ETFs that are handpicked by investment professionals. Your investments are monitored daily and automatically rebalanced to stay on track
If you refer a friend or family member and they become a new Schwab client, they can get up to $500. They just enroll in the offer and make a qualifying net deposit. Accounts eligible for the referral offer include Schwab retail brokerage accounts and IRAs.
|Deposit Amount||Bonus Cash|
|$1,000 - $24,999||$100|
|$25,000 - $49,999||$200|
|$50,000 - $99,999||$300|
8. Fidelity (No Current Promotion)
Fidelity Investments Inc., commonly referred to as Fidelity, and before that as Fidelity Management & Research or FMR, is an American multi-national financial services corporation based in Boston, Massachusetts.
They were just rated Best Online Broker in 2020 by Barron's and Investor's Business Daily. This brokerage offers $0 commissions on stocks, ETFs, and options trades plus zero account fees, zero minimums and zero expense ratio index mutual funds.
They offer clients personalized planning and advice with easy-to-use tools and tips from a team of specialists.
9. TD Ameritrade (Up To $2,500 Bonus Cash)
TD Ameritrade is a broker that offers an electronic trading platform for trading financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.
It also provides margin lending, and cash management services. Standard accounts can be individual or joint and can be upgraded for options, futures, and forex trading as well. They offer traditional IRAs, Roth IRA, or Rollover IRA, and will also help you set up trust funds and money for education such as college costs. TD was named #1 overall broker recently by StockBrokers.com.
You can earn up to $2,500 in bonus cash when you make a qualifying deposit with a new account.
|Deposit Amount||Bonus Cash|
Promotion ends December 31st, 2020.
10. Merrill Edge (Get Up To $600 Free)
Merrill Edge offers unlimited free stock investing, ETF and option trades with no balance minimums. They pride themselves on step-by-step professional guidance to take the guesswork out of investing.
Personalized online investing includes flexible tools and customizable features that let you invest the way you want and easily see how your portfolio is doing. Merrill Edge Self-Directed was awarded #1 for Overall Client Experience (for the second year in a row), #1 for access to Banking and #1 for ESG Investing in the StockBrokers.com 2020 Annual Broker Review.
You can get up to $600 when you make a qualifying deposit into a new account and maintain the balance for at least 90 days.
|Qualifying Deposit/Balance||Cash Reward|
|$20,000 - $49,999||$100|
|$50,000 - $99,999||$150|
|$100,000 - $199,999||$250|
|More Than $200,000||$600|
11. Robinhood (1 Free Stock Worth Up To $200)
Known as the app that pioneered commission-free trading, Robinhood opens doors for beginning investors looking to get into the game without learning the ins and outs of a complicated trading platform.
Founded in 2013, Robinhood Markets, Inc. is a U.S.-based financial services company headquartered in Menlo Park, California. They designed this platform with beginners specifically in mind. It is meant to be the simplest trading platform out there. As a result, intermediate to advanced traders often find this platform to be lacking when it comes to research tools, order types and technical indicators. Still, if you are looking for a simple platform to trade commission free, it is an excellent option.
If you use this link, you will get 1 share of a free stock valued anywhere between $2.50 and $200 (fluctuates based on market movements). This will be added to your account when you open a new account. You’ll be able to keep the stock or sell it after 2 trading days.
The shares of free stock are chosen randomly from Robinhood’s inventory of settled shares. Because the shares are chosen randomly, you may not receive the same stock as others.
12. Stash (Free $5)
Stash is a micro-investing app launched a couple years ago that has already attracted more than 3 million customers.
The demographic for Stash is people who lack any experience and/or knowledge about investing but manage to funnel an average of $22 a week to their investment account. It doesn’t cost a fortune to buy into your own unique investment portfolio: you can launch an account with just $5. This is possible via fractional shares, which are full shares broken down into smaller, more affordable pieces. Stash allows you to choose your own ETFs.
The beginner personal investment account comes with a minuscule fee of just $1 per month.
Get a $5 when you set up an account! Simply set up your Stash account. Within two business days, Stash Invest will put $5 into your account.
13. TradeStation (Up To $2,500 Cash Reward)
With TradeStation, you can trade stocks, ETFs, futures, options, or crypto on platforms with broad market access, and competitive pricing models.
Its margin rates – as low as 3.5% for equities accounts – give you access to profits. You can also trade some of the most popular futures contracts overnight at day-trading margin rates as low as 25%. First time investors can join in a casual, interactive learning environment where instructors do live product demos with real-time data and answer your important questions so you can get going quickly.
TradeStation is a wholly owned subsidiary of Monex Group, Inc., one of Japan’s largest online financial services providers. TradeStation has at its helm Monex Group’s “Global Vision” strategy.
If you open a new account with TradeStation, you can get a cash reward if you make a large enough deposit.
|Qualifying Assets||Cash Reward|