Best Stock Brokerage Account Bonus 2024
Would you like to build a solid investment portfolio through a brokerage account but don’t know what broker to go with? Then you might want to consider taking advantage of brokerage bonus deals currently available.
Brokerages are always in competition for new customers, and one way they do so is by offering a brokerage account bonus and other brokerage promotions to attract new clients. Analyzing and knowing what brokerage deals are the best can help you make a wise decision concerning where to open your brokerage account and benefit from free cash without risk.
In this guide, Traders Union analyzes and compares the best brokerage bonus promotions.
Start trading or investing in stocks right now with Interactive Brokers!What is a Brokerage Bonus?
Brokerage business models are becoming a new trend and they are all in competition for your money. So they promote juicy bonuses and deals from time to time that you can benefit from just by opening a brokerage account.
A brokerage bonus is an incentive from brokers usually in the form of free stocks, sign-up bonuses, referral bonuses, or account bonuses. These free deals are meant to entice you to open an account with them and you can easily add the bonus to your account.
Main Types of Brokerage Bonuses and Promotions
Brokerage account bonus:
This kind of brokerage bonus is given to new customers who open an account and complete their verification with the broker. They will then have to deposit a certain minimum into the account. Once the customer does so, the bonus gets added to their account instantly.
Referral bonus:
Referral bonuses are given to customers who take part in the referral program of a brokerage. These bonuses come in the form of cash rewards whenever a customer invites a family member or friend to open and set up an account with the broker.
Sign-up bonus:
Brokerages give out bonuses in cash to new customers who sign up. In this case, the customer isn’t required to make any deposit. All they have to do is just create an account and they can claim the signup bonus.
Free stocks:
A stockbroker may also decide to give out a brokerage account bonus in the form of free stocks whenever a new customer creates an account. The customer may be required to make a minimum deposit. But free stocks can also be given as a no-deposit bonus.
Best brokerage deals and Promotions in 2024
Stockbrokers offer exciting promotions and bonuses on a yearly basis to attract new customers or retain existing ones. They may add bonuses to new accounts or put deals in place for account reloads. However, to benefit from these trading promotions and brokerage deals, customers need to meet some conditions for eligibility. So ensure to study the terms and conditions before grabbing any brokerage deals.
| Broker | Type of bonus | What Should I Do | How Much Can I Earn | |
|---|---|---|---|---|
Free Stocks |
1. Open an account and link your bank account |
Free stock worth $3-$225 |
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Free Stocks |
1. Create a brokerage account |
Two free stocks worth $7-$3000 |
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Referral bonus |
1. Have a $2000 minimum NLV account |
$200 per successful referral |
||
Cash Offer For Transfers |
1. Create a new account using a special promo code |
$50 to $5000 depending on deposit amount |
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Deposit Bonus |
1. Create an account |
$30 - $500 depending on deposit amount |
Best Brokerage Bonus Reviews
RobinHood - Free Stocks Worth $3 to $225
RobinHood platform
If you'd like to trade stocks in a zero-commission fee setting, then Robinhood is a great choice. But it gets even better because Robinhood is currently giving out free stocks to new account holders. It doesn't have any strict requirements for eligibility. Here's what you need to do:
Simply open an account and link your bank account
No need to make a deposit or transfer
Robinhood will add one free share of stock from its settled share inventory to your account. The stock value may range from $3 to $225.
How to withdraw:
You’ll receive the free stock bonus into your account within seven days of opening. Then, after 2 trading days, you can sell it or just keep the stock.
Webull - Free Stocks Valued at $7 to $3000
Webull platform
Webull is another reputable stock brokerage giving out free stocks to new customers who open an account and make a deposit. This bonus program ends 02/10/2023 and only margin and cash accounts are eligible. How to get the free stocks:
Create a Webull brokerage account
Make a first-time deposit during the promotion period
Receive two free stocks valued between $7 and $3000 each.
How to withdraw:
You can claim the free stocks after successfully depositing money into your account. Deposits usually take around 5 business days to settle. You can then sell the stocks or hold onto them. If you decide to sell, you’ll have to wait another 30 days before being eligible to withdraw.
Interactive Brokers - Refer a Friend
Interactive Brokers platform
Interactive Brokers is one of our most recommended brokerages here at Traders Union. Right now, this broker is offering its customers a chance to refer new customers and get a $200 referral bonus per successful referral. The best part is that your referral could also receive IBKR stock worth up to $1000. How to join the IBKR Refer a Friend trading promotions program:
Have an individual, trust, joint, or organization account with a $2000 minimum net liquidation value
Make sure you’ve made a minimum of one trade
Start referring new customers
How to withdraw:
You will receive $200 each time your referral creates an account and maintains a $10,000 minimum balance for 12 months at least.
TradeStation — Up to $5000 Cash
TradeStation platform
This might just be the most generous of brokerage deals. Everyone can benefit from this brokerage account bonus, whether you are a new client or an already existing one. TradeStation gives you the opportunity to receive up to $5,000 if you meet its qualifying transfer terms. Here’s how to participate:
Create a new account and use a special promo code (existing accounts just have to complete the promo form)
Make a deposit of different thresholds to get bonuses as follows:
Deposit at least $5000, receive $50
Deposit at least $25,000, receive $200
Deposit at least $100,000, receive $300
Deposit at least $200,000, receive $600
Deposit at least $500,000, receive $1200
Deposit at least $1,000,000, receive $2500
Deposit at least $2,000,000, receive $3500
Deposit at least $5,000,000, receive $5000
Deposit $1000 to $4999.99, receive $30
Deposit $5000 to $9,999.99, receive $75
Deposit $10,000 to $29,999.99, receive $150
Deposit $30,000 to 49,999.99, receive $300
Deposit $50,000 and above, receive $500
How to withdraw:
This offer will last for 45 days during which TradeStation will add up all deposits that qualify and then compute the threshold. That will also help them confirm that you held for a required period of 270 days.
M1 Finance - $30 to $500 Deposit Bonus
M1 Finance platform
M1 Finance calls this the green carpet rollout where new customers can get a deposit bonus once they sign up and make the required deposit actions. They will then receive a cash reward as their welcome bonus which could be anywhere from $30 to $500. Here’s what to do:
Sign up and open an account with M1 Finance
Within 14 days, make a deposit of at least $1000 and receive bonuses in the following thresholds:
How to withdraw:
Bonuses will be paid out on January 31, 2023, or August 1, 2023.
Best Forex Bonuses
You can also consider best Forex Broker Bonuses
| Broker | Type of bonus | What Should I Do | How Much Can I Earn | |
|---|---|---|---|---|
Welcome Bonus |
1. Open an account |
$30 for the welcome bonus |
||
Quick Start Bonus |
1. Create and complete your registration in FBS Trader |
$100 for Trader account |
||
Referral Bonus |
1. Have a valid XM real trading account |
$25 per referral for 1-15 referrals |
||
Welcome Account Bonus |
1. Create a Welcome Account |
$30 Welcome Account Bonus |
||
Deposit Bonus |
1. Create a trading account |
55% top-up bonus |
||
No Deposit Bonus |
1. Register an FXOpen eWallet |
$10 no deposit bonus |
||
Welcome Bonus |
1. Open an account |
100% welcome bonus |
Roboforex - $30 Welcome Bonus
RoboForex platform
Roboforex currently offers a $30 welcome bonus when you create an account and verify your personal information. Now, this bonus applies to USD or Euro base currency accounts based on the MT4 and MT5 platforms. Here’s how to get the welcome bonus:
Create and verify your account by going through the verification procedure in the Members Area. You’ll be required to verify your phone number, address, and identity.
Next, deposit at least $10 into your account via bank card. Roboforex will consider payments made via prepaid cards and virtual cards as ineligible. Only VISA cards, MasterCard, Maestro, and China UnionPay are valid.
Roboforex will add a welcome bonus of $30 to your account.
How to withdraw the bonus:
You can't withdraw the bonus directly but can use it to trade. Any profits made from using the welcome bonus to trade can then be withdrawn. If there’s a drawdown, RoboForex won’t deduct it from the bonus funds.
FBS - $100 Quick Start Bonus
FBS platform
With more than 10 years of service under its belt, FBS is an internationally renowned stock broker that offers a Quick Start bonus of $100 to customers who take part in its 7-step program. The program is a risk-free way to acquaint customers with its FBS trader app and teach them how to navigate the market and make profits. How to get the bonus?
Create and complete your registration in FBS Trader and your bonus account will get credited with $100
Get acquainted with the trading tools and proceed to make your first trade
Learn more about risk management and fund management
How to withdraw the bonus:
Use the $100 bonus to trade lots on a standard account and you’ll receive $2.5 for every hedged lot and $5 for every closed lot.
XM - Refer a Friend Program
XM platform
XM gives already existing customers an opportunity to make money by getting other new users to sign up and use its platform. Its Refer a Friend program is set up in a way that allows you to earn higher per person as you invite more people successfully. Both existing and new clients can enter the referral program. Here’s how to take part:
Have a valid XM real trading account and trade 1 standard lot(s)
Login to the Members Area and head over to the referral section
Copy your referral URL and share it with others
Start earning per successful referral. Refer 1 to 15 friends and get $25. It then goes up to $30 per referral if you refer 16 to 30 friends. Finally, you can make $35 per referral once you refer up to 30 friends at least.
How to withdraw your referral bonus:
XM will automatically send your rewards to your “MyWallet”, which you can then send to your trading account or withdraw.
Tickmill - $30 Welcome Account Bonus
Tickmill platform
Tickmill is said to have an exceptional trading environment and now it welcomes you to the stock trading industry with a $30 welcome bonus so you can explore its services. Here's how to partake:
Create a Welcome Account by completing the registration form and getting approved
The Welcome Account will then be credited with $30
You can only use this account to trade for 60 days using the $30 bonus before Tickmill disables it
How to withdraw the bonus:
Tickmill doesn't allow you to withdraw the welcome bonus but only the profits made from trading with the $30 can be taken out. This broker will allow you to withdraw $30-$100 in profits only. You are allowed to submit only one profit transfer request. Once Tickmill completes the transfer, it will then disable the account.
Instaforex – 55% Recurring Top-up Bonus
Instaforex platform
InstaForex has an exciting offer for all accounts set up after June 15, 2013, which will run until February 28, 2023. This is an opportunity to get a deposit bonus of 55% each time you top up your account. The best part is that deposit increases can be made more than 1.5x. Here’s how it works:
Simply create a trading account and top it up. Keep in mind that you might not be eligible if you’ve received a bonus to your account before. But if not, then you don’t need a new account to participate.
You will receive a 55% bonus regardless of the amount you deposit into the account. InstaForex will credit your deposit whether or not you make trading profits.
InstaForex will not mandatorily ask you for identity verification before sending you the bonus but it can choose to do so at its discretion.
How to withdraw the bonus:
No special requirements are needed to withdraw the 55% bonus. You can create an unlimited number of accounts to take advantage of this bonus. All you have to do is agree to the terms and conditions.
FXOpen - $10 No Deposit Bonus
FXOpen platform
FXOpen introduces a new platform where you can access the best financial assets by having just one trading account. The platform is TickTrader which combines Index CFD, US stocks CFD, commodities CFD, and more. The FXOpen $10 no deposit bonus gives you a chance to become a part of the community and you will receive the bonus after creating your TickTrader account. How to participate:
Create your FXOpen eWallet
Verify your account up to grade 1 (also eligible for grade 2 clients in the same category)
Open your TickTrader ECN account to receive the $10 bonus. This deal lasts for 90 years after creating the eWallet.
How to withdraw the bonus:
FXOpen doesn’t allow you to withdraw or transfer the bonus to a trading account. But you can use the $10 bonus to trade and then withdraw the profit after a trading turnover of 1 lot.
Libertex - 100% Welcome Bonus
Libertex platform
Libertex will give new, first-time customers a 100% bonus when they open an account and fund it for the first time. This welcome bonus is one of the best brokerage promotions so far because you can get anywhere from $100 to $10,000 dollars as a brokerage bonus. Here’s how it works:
Create an account and complete the registration process
Make a first-time deposit with at least $100 or a maximum of $10,000
Perform trading operations to redeem the Welcome bonus
How to withdraw the bonus:
Libertex expects you to meet its trading terms and conditions in order to withdraw the bonus. All you have to do is trade any instrument apart from crypto and pay the fees. The broker will then convert some percentage of the fees to fiat after analyzing how much fees you’ve paid in total. Once the fees paid have reached a specified percentage of your bonus, you can withdraw it or continue trading with it. You have 3 months to convert the entire bonus through trading.
What Is the Best Brokerage Account Bonus 2024?
The best brokerage account bonus will depend on what your goals are. If you're interested in deposit bonuses, then the 100% bonus program from Libertex is an exciting offer. If you want signup bonuses, then consider the $30 no deposit bonuses from Tickmill. Robinhood and Webull are giving out free stocks as high as $225 to $3000. Don’t also hesitate to check out the referral brokerage deals from Interactive Brokers and XM if you have no problems getting your friends and family on board.
Why Is It More Profitable to Open an Account Through TU?
Opening a brokerage account through Traders Union exposes you to a world of exciting deals and new opportunities to earn. Right now, you can enjoy multiple discounts of which our rebate program is top-rated because it gives you the opportunity to get back 80% of your trading fees.
Here’s how a rebate program works:
You need a broker to facilitate your transactions when you buy or sell an asset. The broker will then collect a commission. Opening an account through Traders Union guarantee that you’ll get back a part of that commission through us.
Can I withdraw a Brokerage Bonus?
Every stock brokerage has its terms and conditions regarding the withdrawal of the brokerage account bonus. Most times, you may not be allowed to withdraw the bonus directly but you can trade with it and withdraw the profits gained. So always make sure to go over the withdrawal conditions for each broker to ensure you understand its terms before participating in the brokerage promotions.
Summary
Brokerage promotions present a good opportunity to start investing in stocks and build a healthy portfolio in 2023 and beyond. Every deal comes with its advantages and downsides, so do your own due diligence to find a good broker that offers a brokerage account bonus that fits your goals.
FAQs
What are the types of brokerage bonuses?
The main types of brokerage bonuses are Brokerage account bonus, Referral bonus, Sign-up bonus and Free stocks.
Is it always possible to withdraw the brokerage bonus immediately?
No, as a rule, brokers impose restrictions. To receive a bonus, you need to reach a certain trading volume or meet other requirements.
Do you always agree to receive a bonus?
Please read the terms and conditions before claiming the bonus. They may be unacceptable for a trader.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.