Best Stock Broker Promotions

Best Stock Broker Promotions

Check out the best stock broker promotions for September. These promotions apply if you’re opening a brokerage account for the first time or switching from another broker.

By our calculations, Ally Invest and TradeStation are offering the most valuable promotions for avid stock traders. See each broker’s site for full details. With all five of these online brokers, there are no inactivity or maintenance fees of any kind. In other words, it’s completely free to sign up for an account.

TOP CHOICE

OPEN ACCOUNTgo to TradeStation’s site

$5 per Trade plus $0.50 per Contract for Options

TradeStation, known for it’s professional trading software and low rates, has eliminated their software and data fees for all traders. These fees used to amount to over $120 per month, so the fact that they’re letting traders use their flagship platforms for free makes for a highly valuable signup bonus in 2019.

OPEN ACCOUNTgo to Ally Invest’s site

Up to $3,500 cash bonus + all new accounts receive 90 days of commission-free trades, up to $500 in value.

Ally Invest can be viewed as a lower priced version of TD Ameritrade. Although it’s not as well-known, Ally has 24/7 customer service and a slick online trading platform for stocks and options that’s totally free. Ally is currently offering the second most valuable stock broker promotion where all new accounts receive 90 days of commission-free trades, up to $500 in value. Depending on how much you deposit, you can also get up to $3,500 in bonus cash.

OPEN ACCOUNTgo to tastyworks’ site

New for 2019, options commissions capped at $10 per leg.

For new accounts funded with $2,500, tastyworks is capping all options commissions at $10 per leg in 2019. If you’re an options trader, this means you’ll save tons on commissions for iron condors and spreads.

OPEN ACCOUNTgo to TD Ameritrade’s site

Trade free for 60 days + get up to $600

TD Ameritrade is currently offering up to commission-free trades for 60 days and up $600 for new accounts. Although once the promotion runs out, you’ll have to pay arguably steep commissions, TD Ameritrade offers unparalleled investor education and trading platforms.

Finding the best online brokerage promotions

With 99% of online brokerage firms in 2019, valuable signup bonuses and promotions for new accounts are available. When you open up a new brokerage account, even if you are transferring from another broker, always check for a new account promotion.

Keep in mind that most brokers require some minimum deposit to receive the promotion, which is usually free trades or cash back. Most brokers will also want you to keep your newly deposited funds in your account for a period of time, like three months, but there is never any obligation to do this.

We’re here to help you get started…

Opening an Account

It takes about 5 minutes to open an account with Ally Invest. There is no fee to open or maintain.

Verifying Yourself

You’ll probably have to some answer questions about your current income and employment status.

What You’ll Need

US licensed stock brokers are required to have each client’s Social Security Number for tax purposes.

What is Options Bro?

OptionsBro.com is an online financial information site dedicated to providing simple tutorials, reviews, and comparisons on all things finance.

Collectively, we’ve spent thousands of hours examining the most popular financial products and tools. Bottom line, we simplify and explain the myriad of consumer financial options available today, so you can make decisions with ease.

Updated: January 1, 2019