See a full list of all Firstrade promotions and promotional codes to take advantage of signup bonuses that offer free trades and cash rewards. Firstrade is a New York based deep-discount online broker that accepts clients from all around the world. Because their trading platforms, website, and apps are easily translatable into mandarin, they are a very popular choice with residents in Asia.
Current List of Firstrade Promotions & Signup Bonuses
New accounts at Firstrade can get a valuable combination of 500 free trades and up to $300 in cash. To receive 500 free trades, only a $2,000 minimum deposit is required, which is the same required minimum to trade options. This promotion is only available until 04/17/2018, so make sure to get your free trades while it’s still available!
- Deposit $2,000 – 500 free trades.
- Deposit $25,000 – 500 free trades and $100 in cash.
- Deposit $50,000 – 500 free trades and $200 in cash.
- Deposit $100,000 – 500 free trades and $300 in cash.
If you want to transfer your entire account from another online brokerage to Firstrade, Firstrade will reimburse you for up to $200 in transfer fees. This is a pretty good deal, considering Automated Customer Account Transfer (ACAT) fees can be pretty expensive.
Note that to get the maximum value from this promotion, transferring the securities from a different brokerage account to Fristrade would be the best option, as opposed to liquidating individual positions and dealing with tax liabilities/commissions.
$2.95 per stock trade and $2.95 + $0.50 per options/contract is about as cheap as online trading gets. Using this promotion will save you a ton of money in commissions.
All together, these promotions offer serious value for those looking to open an account with Firstrade. More information about Firstrade, like their FINRA BrokerCheck information, is viewable here.