Best Brokerage Bonuses – Earn Up To $5,000

Our posts on the best bank account bonuses and best credit card bonuses are some of the most popular on the site, recently I’ve been trying to post more brokerage bonuses as I know some people use these to make some extra money and it helps them grow their investments. This post will be for the best brokerage bonuses, I’m relatively new to these so I’d welcome your input on bonuses we might have missed and any relevant important information you think should be included. Unlike other sites we don’t use affiliate links for brokerage bonuses so you can ensure you’re getting the best possible deal, rather than the one that pays us the most.

WeBull – 2% Brokerage Bonus

Direct link to offer

2%  bonus for transferring over taxable brokerage holdings. Excellent brokerage bonus for transfers of up to $5M.

Wells Fargo $2,500 Premier Bonus

Direct link to offer

Requires $250,000 in cash or investments. Must open checking Premier checking account; $250,000 requirement can be done with the brokerage. Must be opened in a Wells Fargo branch. Account also has a $35 month fee, waived if you have $250,00 balance.

Robinhood – 1% Brokerage Bonus, No Limit

Direct link to offer

1%  bonus for transferring over taxable brokerage holdings. Excellent brokerage bonus with literally no maximum bonus.

Trade Up – $2,000 Bonus

Direct Link to offer

Get $1,000 with $50,000 transfer or $2,000 with $100,000 transfer.

  • Read our full post
  • Deposits must be maintained for at least 1 year (possibly closer to 2 years) to get the full bonus

TastyTrade – Up To $5,000

Direct Link to offer

Excellent deal to get $3,000 with $250,000 transfer. The other tiers are great too, such as $2,000 with $100,000 transfer.

Citi Wealth Management – Up To $5,000

Direct link to offer

Huge bonus and it works for self directed accounts, main issue is that account set up is all manual and extremely slow.

  • Read our full post
  • Deposits must be maintained for three months after account opening (but you can fund within two months of account opening meaning funds can be in there for roughly ~1 month)

M1 Finance – $10,000

Direct Link to offer

M1 Finance has a bonus of up to $10,000 with deposit of $2M. There are also lower tiers, e.g. $1,000 with $250k or $2,000 with $500k and more.

Merrill – $3,000

Direct Link to offer

Bank of America and Merrill have a bonus of $1,000 with $250,000 asset transfer or $3,000 with $500,000 asset transfer. Only valid for new Bank of America customers who open new checking account and connect with a Merrill advisor on the phone who will apply the offer.

Schwab – $101

Direct Link to offer

The Schwab Starter Kit offer gives $101 in the S&P to new customers who deposit $50 within 30 days.

Schwab – Up to $1,000

Direct Link to offer

This offer is for new Schwab members who get referred from a friend; ask a friend who is an existing Schwab member. Largest bonus of $1,000 requires an investment of $500,000+.

Schwab – Up to $2,500

This offer is for new or existing Schwab members. $2,500 bonus requires $1m in assets transferred; there are lower tiers as well.

E*Trade – Up To $4,000

Direct Link to offer

The $4,000 tier requires $1.5M deposit. There are lots of other tiers as well. Notably, there is a $100 tier with $50 deposit which is an easy bonus for a lot of people.

Interactive Brokers – Up To $1,000

Direct link to offer

Promotion is a bit confusing as it’s not that clear when/how long the funds need to be in your account for. You also get the bonus in the form of interactive brokers shares and these can’t be sold for one year.

SoFi – Up To $10,000

Direct Link to offer

This is the largest bonus we’ve seen from SoFi, but does require $5MM+ to get the full $10,000. There are other tiers as well. Assets must remain for 2 years.

Moomoo – $300

Direct Link to offer

Moomoo is offering a 1.5% match on investments, up to $300. Max this out with a $20,000 investment transfer. Offer available via referral as well.

Chase Self Directed – $700

Direct Link to offer

Highest tier requires $250,000+ investment. Must be maintained for 90 days.

TradeUP – Up To 5 Free Stocks

Direct link to offer

Requires a deposit or transfer of $5,000+

Smaller Bonuses – No Requirement

There are a number of smaller brokerages that offer sign up bonuses with no deposit requirement. The bonuses are much smaller, but might still be worth picking up for some people.

Acorns – $23

Direct link to offer

$13.50 is from Swagbucks, other $10 is from Acorns.

Robinhood – Free Stock & $50 Rakuten

Direct link to offer

You only get a free stock worth $3-$150, but better than nothing and Robinhood offers commission free trading. You can now sign up via Rakuten and get $50 or 5,000 points as well.

Robinhood 1-3% IRA Match

Direct link to offer

This bonus is limited due to the annual contribution limits to IRAs. Robinhood Gold members get a 3% match and everyone else gets 1%.

Webull – Four Free Stocks

Direct link to offer

Basically the same as Robinhood, you get four stocks stock valued between $3 and $1,000.

Firstrade – Free Stock

Direct link to offer

Same as the above offers.

Bonuses Not Listed

Below are some brokerage bonuses we don’t want listed under the ‘best brokerage bonuses’, we are including them here so that readers know they have been intentionally left out and why.

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mangorunner
mangorunner (@guest_1952913)
November 16, 2024 11:04

Webull promo: https://www.webull.com/offers-promotions/deposit
Get 40 free fractional shares by depositing $2,000 or more.
Get 20 free fractional shares by depositing $500 – $1999.99
Must maintain for 30 days.
Expires December 2, 2024, 11:59 PM EST.
(Lower deposit requirement than Webull’s 2% bonus that requires $10K deposit.)
 William Charles

TopDogg
TopDogg (@guest_1946294)
November 7, 2024 12:30

Does anyone know of any accounts that work with an IRA other than Robinhood? That is the only one I could see by searching IRA above

Jim
Jim (@guest_1946809)
November 7, 2024 22:56

Many/most offers include IRAs.

Recommend just going through DoC’s brokerage bonus tag as some of the above aren’t up to date: https://www.doctorofcredit.com/tag/brokerage-bonuses/

I’m in the process of moving a few IRAs around, too. Webull’s 3.5% offer seems the most lucrative. Alternatively, depending on your tiers, Citi, Wells Fargo, and Merrill appear to be the most competitive.

Odd
Odd (@guest_1923705)
October 2, 2024 14:01

Got an email from E-trade — For current customers until 10/31/24.

Must enroll, deposit new funds and it’ll award bonus. ***transferring securities counts***

Account Deposit Receive
$5,000–$9,999 $50
$10,000–$24,999 $100
$25,000–$99,999 $250
$100,000–$199,999 $625
$200,000–$499,999 $1,000
$500,000–$999,999 $2,000
$1,000,000–$1,999,999 $4,500
$2,000,000–$4,999,999 $6,000
$5,000,000–$9,999,999 $7,500
$10,000,000+ $12,500

sc9182
sc9182 (@guest_1941588)
October 31, 2024 06:32

Thanks – Brokerage only, or bonus offered for IRA funds as well ?

PFITZ
PFITZ (@guest_1917054)
September 22, 2024 04:55

Schwab has a $101 dollar bonus. I was able to create an account despite having account min 50 dollar funding

Schwab Starter kit

Deposit: $50
Bonus $101
Time: Should be instant – i just funded so will update
New acct req: none I have a trading account i use daily and was able to open.

abriham
abriham (@guest_1906976)
September 7, 2024 14:35

I want to change my life

M
M (@guest_1898050)
August 23, 2024 10:27

FYI: Merrill Brokerage Bonus (Up To $3,000) should be removed from list

yaaarp
yaaarp (@guest_1879166)
July 21, 2024 19:48

Feature requests:

  • have summary and detail page document whether IRAs are supported (and any caveats to that such as ‘for FDIC insured assets only’)
  • collect and summarize data points about whether the institution has a record of successfully maintaining people’s cost basis in assets transferred in/out
  • have and link to a resource for best practices around ensuring that cost basis is maintained well.

For brokerage bonuses, maintaining cost basis is a big deal with consequences that can dwarf the prospective bonus. Thus it is critical to know which institutions accept IRA accounts and which ones that have well documented good records of maintaining costs basis (as both incoming/outgoing xfer partner). So I’d recommend collecting and featuring information about that.

Steve
Steve (@guest_1882072)
July 25, 2024 12:35

yes, having a note for the ones that work for IRAs would be awesome

hi
hi (@guest_1874314)
July 13, 2024 21:27

Opened Schwab with checking back in 2019, roth from td transfered from buyout in 2023, last week called schwab for existing bonus. Rep mentioned “Workplace Bonus” 1-24.99k, 25k-49.99k, etc. Says couldnt see exact tier payouts, had him apply it and I’d call in during the weekday.

Rep put a non publicly available bonus to my account and supervisor gave me $50 to brokerage, asked to put it in roth, didnt let me.

Summer
Summer (@guest_1875514)
July 16, 2024 07:04
  hi

so you called and just said “hey, got any bonuses right now for my existing account?”

what is that 1-23.99 promo? and what is the $50 promo?? the $50 was easy?

Hi
Hi (@guest_1923716)
October 2, 2024 14:12

Exactly, called and asked for bonuses and rep said nothing right now but I kept pressing. He then found something that wasn’t publicly available and I told him apply it.

I think he was new and wasn’t supposed to apply it but that’s why the supervisor credited $50 to my brokerage.

I don’t know what the promo tier payouts were since the supervisor just said it wasn’t supposed to be applied and gave me a credit I guess to keep me happy.

All in all took 30 mins total to get from both calls.

DenisJ
DenisJ (@guest_1867737)
July 1, 2024 17:40

Called ETrade to see if they can offer something to existing customers since the listed promo is for new customers only. https://us.etrade.com/what-we-offer/how-it-works/promo

First rep on the phone offered something “new” that’s “not on the website yet” for existing customers.

$200k-500k tier gets a $1k bonus.

DM
DM (@guest_1867045)
June 30, 2024 14:02

Wells Fargo $2,500 Premier Bonus no longer being offered

Relax and Smile
Relax and Smile (@guest_1868231)
July 2, 2024 13:21
  DM

It’s back as of today