Opto is closing down:
Dear Customer,
It’s time for us to bring the Opto adventure to a close. After much consideration, we have made the difficult decision to end our journey and will be ceasing operations on 31 March 2026. This marks the conclusion of our journey together, and while it is with sadness that we close this chapter, we remain deeply grateful for the trust you’ve placed in us. “
Funds have to be transferred out/the account converted to an account direct with Alpaca by 2/27/26.
Update 9/10/24: Now requires a deposit of $25,000 rather than $3,000. No longer worth doing.
The Offer
- Opto is offering a bonus of up to $300. You must make a deposit of $500 – $3,000 and invest at least 50% of that for 120 days from the date of deposit.
- Deposit USD $500 – USD $999.99 and get a $50 bonus
- Deposit USD $1,500 – USD $2,999.99 and get a $150 bonus
- Deposit USD $3,000 or more and get a $300 bonus
- Note you must register for the bonus by clicking find out more on the home page you also must be subscribed to the newsletter, but you’re auto enrolled at sign up. Can see more information here.
The Fine Print
- The Offer entitles an Eligible Customer to receive from Opto the one-time corresponding bonus amount (“Bonus”) set out in the below Table (“Table”) in their Alpaca Trading Account. To receive the corresponding Bonus, the Eligible Customer must: (a) Make their deposit into their Alpaca Trading Account after the commencement of the Offer Period and before the Offer Period ends or expires; (b) Keep the deposit made under this Offer in their Alpaca Trading Account for a minimum of one hundred and twenty (120) days from the date their deposit is credited into their Alpaca Trading Account; (c) Meet the minimum deposit requirement of USD $500; and (d) Meet the investment value threshold requirement in the Table that corresponds to the value of their deposit within a period of one hundred and twenty (120) days from the date their deposit is credited into their Alpaca Trading Account.
Our Verdict
Bit of a weird brokerage, they offer ‘themes’ which are just a bucket of investments targeting particular sectors (e.g AI) but you can also buy individual stocks or something like SGOV. Overall seems worth doing and will add to the best brokerage bonuses.
Hat tip to reader snailrock
