Best Stock Broker Promotions
Check out the best stock broker promotions for October. These promotions apply if you’re opening a brokerage account for the first time or switching from another broker.
By our calculations, TradeStation and Tastyworks 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.
$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.
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.
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.
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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