Best Stock Broker Promotions
Check out the best stock broker promotions for new accounts in May 2019. These promotions apply if you’re opening a brokerage account for the first time or switching from another broker.
By our calculations, Zacks Trade, 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.
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 2018.
Zacks Trade is an online deep-discount broker with low commissions, great customer service, and free professional trading platforms. As a promotion for new clients for a limited time, Zacks Trade is offering the most valuable investing bonus in 2018 where clients can trade stocks for just $1. Full Zacks Trade Review
Ally Invest is 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 new clients can get up to $3,500 in cash and free trades for 90 days.
For new accounts funded with $2,500, tastyworks is capping all options commissions at $10 per leg in 2018. If you’re an options trader, this means you’ll save tons on commissions for iron condors and spreads.
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 the highest commissions in the industry, TD is still a solid stock broker with valuable bonuses.
Finding the best online brokerage promotions
With 99% of online brokerage firms in 2018, 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…
Where to Go
Clicking on “OPEN ACCOUNT” will send you directly to the online broker’s secure website.
You’ll probably have to answer questions about your income and employment status.
What You’ll Need
Every US licensed broker is 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 smarter financial decisions with ease.
Updated: January 1, 2019