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
DP of bonus posting automatically:
9/10: Deposited $3k
9/12: Bought SGOV
1/21: $300 bonus posted automatically without contacting anyone
9/6 Signed up $300/$3k promo
9/10 Chat to confirm promo attached $300/$3k
9/17 $3k bought SGOV
1/21 $300 Bonus
Overall easy bonus and just needed to reinvest div. each mth. making an additional ~$50. No rush to liquidate yet. Will wait for the next round of div. to post prior to closing at end of mth. Glad to be part of the early birds on this one.
With SGOV it really does not matter: If DIV posts then the value falls proportionally. If you are not in a hurry that ok as well. Just pointing out that there is no tangible benefit to waiting to liquidate SGOV to the end of the month if you need the money elsewhere.
Gotcha. For me it’s about timing. I like to sync churning opportunities back to back etc. One done another opens so funds don’t bounce around too much.
Got mine today, signed up when promo is on, then registered after they took away promo, confirmed with CSR that I’m qualified same day.
Opened on 9/10. Bought 3k worth SGOV same day.
$300 Bonus posted on 1/16.
9/10/24: opened
9/12/24: $3k xfer, bought SGOV
1/15/24: contacted support
1/15/24: CS said the bonus will be posted later this week.
Question: Is it safe to move fund out and close after getting the bonus? Or should I move most of the fund out and leave the account open for a while?
Yes, I tried to get this discussion going below, but got no response and after looking into it decided that there is no penalty to do anything and so cleaned it out. Now will wait a week or so to close.
Did you actually contact them on the 15th? Nobody answers mine.
Yes I sent them a message last night and they responded this morning.
Thanks, still no reply for me.
They never responded to my P2, but paid out the same day as mine (4 days ago).
The bonus was posted today. Probably going to move out the fund and close soon.
9/10/24: opened
9/12/24: $3k xfer, bought SGOV
1/14/24: still no bonus, contacted support
1/15/24: $300 bonus posted
9/3/24: Applied & opened account
9/4/25: $3k+ transfer
9/9/25: $3k+ SGOV purchase
1/13/25: No bonus yet, messaged support
1/14/25: Support responded, $300 bonus posted
24/09/10: Signed up under $25k offer
24/11/04: $25k deposit put into SGOV (and me manually reinvesting the dividends)
25/01/25: $300 journal entry (cash)
So clean it out and close? Or wait for sometime with 0 balance or $1 balance? No fees either way I guess right ?
Fwiw I did get my bonuses on opto with only the 3k deposit. I confirmed at the time that I would still get it since they uppped the deposit right after I was approved