Robinhood runs a promotion on account transfer from another broker
Robinhood runs a promotion on account transfer from another broker
Robinhood, a popular trading platform, is offering a special promotion for new users who want to transfer their account from another broker.
For a limited time, traders can receive a bonus when they transfer an external brokerage account to Robinhood. The initiative is designed to attract experienced traders who are looking for a more favorable trading environment to conduct their financial transactions.
"Transfer into Robinhood and get a 1% bonus," the broker invites on its official X page.
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The promotion runs until June 28, 2024.
Join 23 million experienced investors like you and get all the benefits of working with a reliable broker. If you transfer an account with any amount on your balance, you will receive an additional 1% bonus. There is no limit to the bonus. The account balance can be $10,000 or $1 million.
Promotion terms and conditions:
1. Sign up for Robinhood today and initiate the transfer in-app before June 28, 2024.
2. Select a brokerage firm to transfer from. Up to $75 in fees will be refunded for transfers of $7,500 or more.
3. Bonus is 1% of the amount transferred. For a transfer of $10,000, you will receive a bonus of $100. For a transfer of $1 million, you will receive a bonus of $10,000.
Users who transfer their investment account to Robinhood can enjoy a number of benefits. First, the platform doesn't charge fees for trading securities, ETFs, and options, making it especially attractive to active traders. The second advantage is a modern and intuitive interface that simplifies the investment process.
It is important to note that the Robinhood account transfer process is done online and is made as simple as possible for the convenience of users. Clients only need to provide the necessary information about their current brokerage account, and the Robinhood team will take care of all the details of the transfer process.
Robinhood offers a free promotional offer to new clients who transfer an account. Each new client receives free securities of companies to add to their portfolio, providing additional benefits when switching to the platform.
The broker is constantly expanding its offerings to clients as well as its range of services, thereby increasing its market reach. Clients' securities are insured by SIPC up to $500,000 (including $250,000 for cash claims). As of April 29, 2024, the broker's mobile app had more than 3 million five-star reviews in the iOS App Store.
This promotion from Robinhood is a great opportunity for traders to cut their fee costs and take advantage of one of the most innovative trading platforms on the market.
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