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Warmbread
Warmbread (@guest_2001374)
February 9, 2025 22:57

Transferred funds over from fidelity but it turns out that mutual funds aren’t considered in the calculation of the total amount of assets transferred, So beware

david
david (@guest_2002621)
February 11, 2025 14:35

Nowadays there is next to no benefit of using mutual funds over ETFs. I’d highly, highly recommend converting all mutual funds into ETFs for the future if you’re planning on moving things around. I know vanguard funds into vanguard ETFs can be converted without being a taxable event. I’d assume that’d be the case for all (if there’s an equivalent ETF).

dentalperson
dentalperson (@guest_1995592)
February 1, 2025 18:53

Got at email today with new doubling of the referral bonus to $500. Details at https://tastytrade.com/referral/
AFAICT it doesn’t say what the new customer gets on that page or the referral link (e.g. https://open.tastytrade.com/signup?referralCode=A8D2ETNVB8 – example only, assume MYNEWBONUS is better).

If it’s 500 on the 5k deposit, that’s good for small transfers, but it could be zero, and most probably MYNEWBONUS is still better. I saw some reddit posts suggesting 250 on 5k was for the old referral though, so it made me wonder if the new one is 500. Anyone know how to see the terms?

Might be decent for P2 referral even without a bonus for moving 5k.

ntn
ntn (@guest_1996614)
February 3, 2025 08:21

Got this email today. Looks like the referee just gets the pleasure of opening a brokerage account…

dentalperson
dentalperson (@guest_1996900)
February 3, 2025 13:34

I wrote them and TastyTrade said referrals indeed get nothing with the referral code only, but there’s a way to get the MYNEWBONUS deal and a referral, as mentioned below by BankBonusIsMyReligion, but the instructions sound different. Here is exactly what they wrote:

They do not get anything for the referral program but they are able to use our code as well as yours when they sign up. So they can claim our promotion offer as well as give you credit. You can share this with them as well when you share your code for instructions on how to use ours. 

1. Go to my.tastytrade.com and sign in. 
2. Click manage towards the upper left of the website. 
3. On the summary page, scroll down to the referral section. 
4. In the promotion code section, add the code MYNEWBONUS.

ntn
ntn (@guest_1996905)
February 3, 2025 13:39

Thanks for doing the legwork there!

 William Charles  Chuck please see above

Eric 🔗
Eric 🔗 (@guest_1996924)
February 3, 2025 13:55

dentalperson,

I also received this referral offer and emailed them yesterday asking if the referee gets anything. They gave me a similar answer to what they gave you but haven’t replied yet to my question about how the person would use 2 referral codes. You must have asked them that and got that response.

 William Charles,

I doubt that you will make a referral post for this since only the referrer would benefit from it and I know that you frown upon that. However, just in case you do want to create one, I feel that it would make sense to have the referrers supply our email addresses in the post instead of our referral links.

The reason why I say that is because of the below passage that I pulled from the T&C found at this link: https://tastytrade.com/referral/

  1. No Spam or Solicitation: As a Referrer, you must comply with all up to date “spam” laws and may not engage in commercial solicitation of any kind in connection with the Program. For example, emails containing the Referrer’s Unique Referral Link must be created and distributed in a personal manner to people you know (e.g., friends and family), and bulk email distribution is not permitted. Any distribution of your Unique Referral Link on coupon sites or other websites created to take advantage of referral traffic generated from individuals searching for coupons or other discount codes, or otherwise in a way that could constitute unsolicited commercial email or “spam” under any applicable law or regulation is expressly prohibited, and will be grounds for immediate termination of your account and exclusion from the Program, as determined by tastytrade in its sole discretion.
wilsonhammer
wilsonhammer (@guest_1994462)
January 30, 2025 22:29

moved in 30k of securities via acats. it was in my account on Jan 21. $500 bonus posted yesterday. gonna figure out how to buy SWVXX (or equivalent) to ride out the 12 months.

Stock Buying Power $500.00
Cash Balance $500.00

wilsonhammer
wilsonhammer (@guest_1994475)
January 30, 2025 22:45

looks like the BIL ETF is the way to go. buying that tomorrow morning

https://www.ssga.com/us/en/intermediary/etfs/spdr-bloomberg-1-3-month-t-bill-etf-bil

Jon
Jon (@guest_1994327)
January 30, 2025 19:10

Do they take the initial deposit or the sum of all deposits during the promotion period to calculate the bonus amount?

Jimmy Johns 🔗
Jimmy Johns 🔗 (@guest_1994418)
January 30, 2025 21:17

Last year customer service told me to call them if I had to transfer in from multiple sources, they would manually review and apply the combined bonus afterwards. But this assumed you transferred everything in within a short time period

BankBonusIsMyReligion
BankBonusIsMyReligion (@guest_1985205)
January 14, 2025 18:10

I’m possibly going to split the referral bonus (250) within a few weeks with someone i know on reddit who has been with Tastyworks for a good while.

I called CSR and spoke to a competent CSR and he mentioned to me that it is possible to stack the referral with the main ACAT tier bonus. He said i would have to apply first with the referral link and input the ‘MYNEWBONUS’ code on the promo code tab during the application

and he said that can also be done afterwards on the settings and preference column after the account had been opened.

I’ll post a DP on if the stack is successful. I’m just waiting a bit longer until my other Brokerage bonus terms are over in early February.

Jon
Jon (@guest_1990151)
January 23, 2025 01:33

Thanks for the clarification. This is what I wanted to find out as well.

Jon
Jon (@guest_1990154)
January 23, 2025 01:37

Also, a question: how do you know the reddit user will send you your 50% share after receiving the bonus?

BankBonusIsMyReligion
BankBonusIsMyReligion (@guest_1990737)
January 23, 2025 22:48

It’s someone i know irl. You can call it an invisible P3 who doesn’t churn much nowadays, but does have some accounts open, here and there.

Daryl J.
Daryl J. (@guest_1992927)
January 28, 2025 12:12

Hi. Also interested in your result. Thanks

wilsonhammer
wilsonhammer (@guest_1976762)
December 30, 2024 18:07

required to sit for a year

The initial minimum funding amount of $2,000 USD to $1,000,000+ deposited into a Qualified Customer’s Qualified Account is required to remain in the Qualified Account for a minimum of twelve (12) months starting the date the Qualified Account meets the funding minimum (“Twelve Month Period”). The value of Cash Bonus the Qualified Customer receives will be credited to its Qualified Account upon deposit, but will be automatically debited out of the Qualified Customer’s Qualified Account if the Twelve-Month Period requirement is not met. The Cash Bonus will not be included in the Qualified Account’s buying power until the end of the Twelve-Month Period. Losses due to trading or market fluctuations will not be taken into account.

Brian
Brian (@guest_1971339)
December 17, 2024 11:45

Looks like this has now been extended until 3/31/25. Bonus code stays the same at “MYNEWBONUS

Jon
Jon (@guest_1971596)
December 17, 2024 18:01

This is good, as I didn’t want the bonus to hit before the end of the year.

Jon
Jon (@guest_1967530)
December 10, 2024 17:07

Can this be combined with $250 referral bonus?

Jon
Jon (@guest_1971597)
December 17, 2024 18:02

Trying this one more time. From what I see, there is nothing stopping us from also getting the additional $250 referral bonus. Is this the correct understanding?

vc
vc (@guest_1957882)
November 23, 2024 19:20

I recommend actually doing the math before signing up for this bonus if you’re an active trader. You might be better off just doing the referral bonus since there’s less money tied up and a shorter holding period. They charge you for everything (things that some brokers don’t charge for) and that will quickly eat away your bonus.

For instance, even if you only sell 10 contracts a wk (contracts are $1 and they cap fees at $10), at 52 weeks, that’s already $520. Some brokers don’t charge these fees. So, not only would you lose your bonus if you did the $500 bonus, you will have “wasted” money by using this broker.

This doesn’t include the actual regulatory fees and margin interest. Some brokers also don’t pass on some of the reg fees. They actually adjusted my account to ensure that I was charged an extra penny. 🤣

I also intentionally limited my trading with them just to limit fees. But, after less than 2 weeks and not even 6 trades, the fees are about $10 less than the fees that I’ve racked up at a broker that I’ve placed over 80 orders with in a little over a month. I also found myself passing up on opportunities bc the fees would have taken away a good portion of the profit (the trade wasn’t worth the risk at that point).

Despite all of this, I still plan on using them, but not for active trading. I actually like them. This is more of a warning bc I have a feeling that some don’t pay attn to the fees.

David
David (@guest_1957828)
November 23, 2024 17:04

Can we transfer out some cash (above the tier of course) and still keep the bonus?

vc
vc (@guest_1957855)
November 23, 2024 18:23

Yes, you just have to keep the balance required for the bonus tier.