Tastytrade Brokerage Bonus: Deposit Bonus Of Up To $5,000

Update 7/4/24: Two new tiers: $500k gets $4,000 bonus and $1M gets $5,000 bonus. New code is MYNEWBONUS.

Update 5/11/23: There is a new $3,000 tier. New code NEWBONUS23. Hat tip to anita

The Offer

Direct link to offer

• Tastytrade (previously called Tastyworks) is offering a bonus of up to $2,000  when you open a new non-IRA Tastyworks account with promo code NEWBONUS23 MYNEWBONUS. Bonus you receive depends on how much you fund:
  • Fund $5,000 and get a bonus $100
  • Fund $25,000 and get a bonus $500
  • Fund $100,000 and get a bonus $2,000
  • Fund $250,000 and get a bonus $3,000

The Fine Print

• The Promotion is available to (1) all approved new customers (as determined by Tax ID) who fund their tastyworks account with $5,000 USD or more, and (2) existing customers who have never funded any tastyworks account prior to the start of the Promotional Period, and who fund their existing brokerage account with $5,000 USD or more (each, a “Qualified Account”). All approved new customers and existing customers must be legal U.S. residents and ages 18+ as of the date of participation. In order to be eligible for this Promotion, approved new customers must include the Referral Code of “TIERED_2022” “MYNEWBONUS” in the REFERRAL CODE FIELD when applying for an account, and existing customers must receive an email from Sponsor confirming they are eligible to participate in the Promotion (upon approved new customers entering the Referral Code, or existing customers funding any current account after receiving an email confirmation of eligibility, approved new customers and existing customers shall be referred to herein as a “Qualified Customer.”) The Promotion is not valid for customers who have any existing, funded tastyworks brokerage account prior to the start of the Promotional Period. IRA and TRUST accounts are not eligible for the Promotion. Only Qualified Customers with Qualified Accounts are eligible for the Cash Bonus. Employees of Sponsor and its affiliates, subsidiaries, divisions, fulfillment and advertising and promotion agencies, their immediate family members (spouse, parent, child, sibling, and their respective spouses, regardless of where they reside), and those living in the same household of each such individual, whether or not related, are not eligible.
• The Promotion is not open to persons who reside in any jurisdiction where tastyworks is not authorized to do business, where its products and services would be contrary to the laws, rules, and regulations governing the securities industry, the futures industry, or where otherwise prohibited under the local laws, rules, and regulations of that jurisdiction. The Promotion is not valid for internal transfers, and is not transferable, saleable, or valid in combination with certain other offers.

Our Verdict

Previously we have seen bonuses of $200 when funding $2,000 or $500 funding $10,000+. The top bonus is more but obviously requires a lot more funding. For most people I’d recommend waiting for one of the smaller deposit bonuses to return.

Hat tip to Yj32