The Offer
- TradeStation is offering a bonus of up to $50 when you open a new account with promo code TSTVAFPM and maintain a minimum balance of $500 or more.
The Fine Print
- Only New Entity (non-Institutional) Individual or Joint equities and futures accounts with the correct promotional code entered and funded with New Assets (as defined below) greater than $500.00 are eligible for this cash offer.
- To qualify, you must enroll by entering the promotional code on new account application or request to enroll a new account, via telephone, with a TradeStation Representative. You must fund the Account with New Assets within 45 calendar days of Account enrollment.
- New Assets is defined as cash or securities held at a financial institution other than TradeStation (assets transferred from an existing TradeStation account do not qualify).
- Your Account will not qualify for the cash offer if you withdraw or transfer assets from your Account, then redeposit them into the Account.
- New Assets will be aggregated during the 45-calendar day period following the enrollment date to determine qualification.
- Asset fluctuations (up or down) do not affect the calculation of Qualifying Assets. The cash offer will be determined based on Qualifying Assets in the Account as follows: Less than $500.00 – cash reward of $0; $500 or more – 5 cash rewards of $10 (total of $50)
- Cash reward will be paid out in monthly increments of $10.
- First deposit of $10 into the Account will be in month following the account fund date.
- Clients must maintain minimum funding of $500 to receive remaining 4 credits each month.
- Each subsequent credit will post in following month. This offer is not affiliated with TradingView and a subscription to TradingView is not required for qualification.
- Customers who receive promotional offers from any TradeStation affiliate may be subject to IRS Form 1099-MISC reporting requirements should the total value of those items exceed $599 in a calendar year. Please consult a tax professional.
Our Verdict
Not as good as the previous deal where you got $100 for depositing $500+. People are still waiting for that bonus though. I doubt we will see a deal that could again, but I’m hopeful we will see another $100 deal with slightly higher requirements in the future. That being said this bonus runs through August 31st, 2020 and I’m not sure they will run two promos at the same time so it might be a bit of a wait. Personally I’d recommend waiting, but I could see why people would just do this deal. I’ll add this to the best brokerage bonuses but with the disclaimer that waiting is probably the move.
View Comments (33)
Opened 1/10
$20 posted today.
Oops wrong thread.
Retarded company, make sure you still have your original bank account open otherwise you will not be able to withdraw your funds. They insist it go to the bank who originated from.
Comments made this sound like a nightmare. I'll pass.
Dear Doc, the readers have spoken. This company should be blacklisted because they have screwed over every single one of your followers. Continuing to post their deals and offers simply screws over more innocent people. Thank you for your consideration.
We don't even know if they have screwed people over yet as the bonuses aren't due to post yet. We mention that people have had issues in the post, it's up to people if they want to risk it or not.
Ive been in direct contact with higher ups at Tradestation. They have stated this was an invalid promotion and they are NOT honoring the deal. This is a scam.
Yeah, this was my experience as well. Even called us to let us know we wouldn't get the bonus due to 'improper advertising' so I'd be wary of using any link on DoC to get to their promotions. Filed two SEC complaints. Fuck em.
DON'T DO IT!!! WHAT A NIGHTMARE. STAY AWAY! THEY WILL NOT PAY OUT AND THEY WILL MAKE THINGS AS DIFFICULT AS POSSIBLE FOR YOU.
They won't honor the bonus. They just use all kinds promotions to fish customers. This company should be blacklisted.
@William Charles Many people including myself talked to their customer service and were told that they would not pay the bonus.
Haven't got the bonus from the last offer...
I have no experience with the promotion people are mentioning, but I do enjoy the TradeStation platform and have used it for about two years, mostly for options trades, which are free for veterans. I use the iOS app. I also use Schwab and Merrill Edge and used to use USAA
@will
There’s also a bonus for existing users, fyi. https://www.tradestation.com/promo/cash-reward/?form=success
Tradestation is by far the worst brokerage experience I've ever had. Recommend a hard pass on that one.
People should go to SEC website to complain against them.
lol their first similar promotion didn’t even pay out yet and they were supposed to pay out on May. Trick me once, trick me twice (well not me since I missed the first one).
its only June 10th. so maybe they are a month behind?
From my interpretation of the terms, they have anytime in the month of June, so they could pay you June 30 and still be within their stated timeframe.
Let me correct myself, I believe they are supposed to payout in June, not May (see link below). Despite that, they pre-disqualified folks who signed up, or at least that’s what they have been telling most who signed up before.
https://www.doctorofcredit.com/tradestation-deposit-500-earn-100-bonus/#comment-995383
Avoid! Based on user experience, DoC should not promote TS. Consider the best interests of your readers, please.
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