Thread DetailsLast Edited by blaznasn August 6, 2016 at 07:31 PM
For reference, each trade on scottrade is about $7, so 50 free trades amounts to $350, if you do the minimum $10,000 deposit. Incentives increase from there.
If you trade a lot like I do, this is free money.
Offer Enrollment - Terms & Conditions
You’re just a few easy steps away from qualifying for a cash bonus.
To apply for enrollment in our cash bonus offer, please accept the Terms & Conditions below. And don’t forget to add qualifying funds to your account to complete your enrollment.
This Trades and Cash Offer (“Offer”) is valid for one eligible Scottrade® account (Registered Account) which is in good standing, registered for this Offer and funded with at least $10,000.00 in cash or eligible securities (Eligible Funds) between July 1, 2016 and September 30, 2016 (Funding Period). Eligible Account may be registered online or through your local Scottrade branch. Registering an eligible account for this Offer will terminate registration for any other free trades or cash bonus offer. Net Deposits of $1 million or more will receive $2,000 cash bonus; $500,000-$999,999 will receive $1,000 cash bonus; $250,000-$499,999 will receive $600 cash bonus; $100,000-$249,999 will receive $300 cash bonus; $50,000-$99,999 will receive $200 cash bonus; and $25,000-$49,999 will receive $100 cash bonus. Eligible Funds must come from sources external to Scottrade and will be valued as of the date received by Scottrade. You must maintain in the Registered Account an amount (minus trading and market volatility losses) equal to the sum of the balance of the Registered Account on the Registration Date, plus the amount of Net Deposits on which Scottrade paid you a cash bonus, at all times for at least one year after the Registration Date, or Scottrade may charge back any unqualified benefits. “Registration Date” is the date the eligible Account is registered and “Net Deposits” are Eligible Funds deposited into the Registered Account during the Funding Period, minus Eligible Funds withdrawn from the Registered Account during the Funding Period.
Commission-free trades may only be executed in the Registered Account and must be used within 90 days of being made available in the Registered Account, subject to a maximum of 50 commission-free trades, inclusive of commission-free trade credits in the Registered Account as of the Registration Date. Please allow up to three (3) business days from the date of a qualifying deposit for the benefits of this Offer to be available in the Registered Account. You will not receive any compensation for unused commission-free trades. Only orders for equities priced above $1, exchange-traded funds or options orders that are placed on-line through Scottrade.com, Scottrade trading platforms and/or Scottrade Mobile are eligible. All other fees and costs, including options per-contract, exercise, assignment and regulatory fees, still apply. Trades partially executed over multiple trading days are subject to commission charges for each trading day. Your Scottrade® Brokerage Account Agreement applies to all deposits and commission-free trades.
Offer valid for new and existing Scottrade clients, U.S. residents age 18 and older. Offer not valid for Scottrade Bank® accounts, accounts for which Scottrade is solely an introducing broker or accounts of clients of registered investment advisors working with Scottrade, Inc. or its affiliates, except for Advisor Access accounts. Offer not valid for Scottrade employees and their immediate families, or employees of any securities regulatory organization or exchange. Limit one offer per client. Offer is non-transferable. Scottrade reserves the right to change, extend or remove this Offer at any time in its sole discretion without notice. Other terms, conditions or eligibility criteria may apply.
This is not an offer or solicitation in any jurisdiction where Scottrade and its affiliates are not authorized to do business or where such an offer or solicitation would violate any applicable law or regulation. You are solely responsible for your investment decisions. Any taxes relating to this Offer are your sole responsibility. All cash bonuses deposited into taxable accounts will appear on your consolidated Form 1099 for the year in which the bonus was paid. Nothing in this Offer shall constitute any tax, financial or legal advice.
This Offer is not meant or intended to promote day trading, high frequency trading or result in high turnover trading or solicit engagement in day trading or high turnover trading activities. Day trading can be extremely risky. Investors are solely responsible for their own investment decisions and the risks associated with investing, and should research any investment strategy carefully before investing.