Building an investment portfolio can take time, but some top brokerage firms can help you with promotions, deals and bonuses. Depending on how much money you have to invest, these brokers may offer to deposit some cash into your account, give you free stock or provide fee-free investing for a set period.
If you’re looking for a new brokerage to help manage your portfolio, or if you’re a beginner investor who is excited to get started, check out these bonuses to see how you can maximize your return.
Best Brokerage Account Bonuses Right Now
|TD Ameritrade||$350-$2,500||Account opening and deposit minimum|
|M1 Finance||$250-$2,500||Account opening and transfer minimum|
|Stash||$50 +$5 Slickdeals Bonus||Account opening and deposit minimum|
|Betterment||1-12 months of free portfolio management||Account opening and deposit minimum|
|BlockFi||$50 of Bitcoin||Account opening and deposit minimum|
|Ally Invest||$50-$3,500||Account opening and deposit minimum|
|Robinhood||$2.50-$200 worth of free stock||Account opening|
|Charles Schwab||$100-$500||Account opening and deposit minimum|
If you’re unsure how to choose between this list of brokerage bonuses, these deciding factors on an investment brokerage will show you what to look for in a new account.
1. TD Ameritrade Bonus: $350-$2,500
One of the largest brokers in the U.S., TD Ameritrade provides a platform for all kinds of investors. It offers a robust set of resources and tools and doesn’t charge commissions on online trades of stocks and exchange-traded funds (ETFs).
|If you sign up for a new brokerage or retirement account before December 31, 2020 and meet certain deposit minimums, you could qualify for a one-time bonus of up to $2,500. Here’s a breakdown of the offer:
TD Ameritrade’s requirements to earn a bonus are a bit steep, so less experienced investors may not qualify. But the broker’s platform is among the best, so it’s still worth considering for long-term investing needs.
Read our full review of the TD Ameritrade bonus.
2. M1 Finance Bonus: $250-$2,500
If you’re looking for a broker that provides both investing and banking services, M1 Finance may be ideal. With just $100, you can open an account and start trading various securities — that includes fractional shares, which allow you to purchase portions of shares in publicly-traded companies and benefit from gains without needing a lot of money.
|If you have more money, though, you could qualify for M1 Finance’s introductory transfer bonus, which offers up to $2,500 when you transfer your investments from another brokerage account within 60 days. Here’s how the tiered bonus works:
In addition to DIY-investing and checking, M1 Finance offers the chance to borrow on margin at a low interest rate, especially if you register for an M1 Plus Account.
Read our full review of the M1 Finance bonus.
3. Stash Bonus: $50 + $5 Slickdeals Bonus
|Slick Tip: Use this Slickdeals affiliate link to get an additional $5 bonus to invest. Once signed up, set up direct deposit to receive the Stash $50 bonus.|
If you’re relatively new to investing, meeting high deposit minimums may not be an option. With Stash Invest, though, you can get a bonus of $50 after you open a Stash checking account and have at least $300 direct deposited into the account within 30 days.
That $50 bonus can be your first dollars to invest with Stash, and you can use it to trade stocks — including fractional shares — and ETFs. Stash also offers a stock-back rewards program with its checking account, which means that you can earn rewards in the form of stocks when you make qualifying purchases with your Stash debit card.
Just keep in mind that there’s a monthly fee that ranges from $1 to $9, depending on which features you want and how much you want to earn in stock-back rewards.
Read our in-depth Stash bonus review.
4. Betterment Bonus: 1-12 Months Free Portfolio Management
One of the pioneers of robo-advising, Betterment offers the chance to invest and bank all under one roof. On the investing side of things, the brokerage firm uses algorithms to manage your portfolio for you in exchange for a 0.25% annual fee. You can also upgrade to a premium plan with access to certified financial planners and advice for investments outside of Betterment for a 0.40% annual fee.
|You don’t need a minimum deposit amount for the basic program, but there is a $100,000 minimum to become a premium customer. Instead of offering a cash bonus to new customers, Betterment offers to manage your portfolio for free for up to 12 months if you open an account through one of its partners. Here’s a breakdown:
For smaller investments, getting just one month for free may not amount to much. But it can give you some time to test-drive the platform and decide whether a robo-advisor is right for you.
5. BlockFi Bonus: $10-$50 Free Bitcoin
|Slick Tip: Use Slickdeals’ affiliate link and automatically earn your bonus after direct depositing the eligible bonus amount (see below).|
Cryptocurrency is a relatively new investment option, and BlockFi is taking innovative steps to allow investors to take advantage of it. You can use the broker’s platform to buy and sell various cryptocurrencies, allow you to earn interest on your investment and even use your cryptocurrency as collateral to borrow money.
|BlockFi is currently running a number of promotions for new customers:
In all instances, you need to keep your deposits with BlockFi until the end of the promotional period. Otherwise, you may not receive the welcome offer.
6. Ally Invest Bonus: $50-$3,500
Ally Bank is an online-only bank that offers a variety of banking, lending and wealth management services. It also offers one of the biggest bonuses for new investing customers that we’ve seen. If you open an Ally Self-Invest account and fund it with a certain amount, you can receive up to $3,500.
|Here’s how the tiers work based on deposits:
7. Robinhood Bonus: $2.50-$200 Worth of Free Stock
Robinhood helped pioneer the mobile investing movement, as well as commission-free trades. The platform allows you to trade stocks (fractional shares included), options, cryptocurrencies and ETFs, and there’s no minimum to get started.
What’s more, the broker’s bonus is easy to earn: simply open a new account, and you’ll receive a stock worth between $2.50 and $200. With no barrier to entry, this one may be the best option for inexperienced investors.
One thing to keep in mind, though, is that Robinhood doesn’t offer retirement accounts. So you may want to consider another option if you’re hoping to open one of those.
8. Webull Bonus: $2.50-$1,400 Worth of Free Stock
Another great mobile-first trading platform, Webull offers the chance to invest in stocks, ETFs and options (though you can’t trade fractional shares). Also, like Robinhood, Webull doesn’t require massive deposits to earn its welcome offer. You can receive up to two free stocks when you open an account with the broker — that’s one worth $2.50 to $200 when you open your account and a second worth $12 to $1,400 when you deposit at least $100.
The broker also offers several ways to earn more free stock, including through referrals and other ongoing promotions. If you’re just starting out or you’re not sure you want to move a lot of money, Webull can get a great place to start.
Another one of Webull’s strengths is its investment in technical research, which can be a huge plus for experienced investors and others who want to learn.
9. Charles Schwab: $100-$500
Like TD Ameritrade, Charles Schwab is one of the largest brokers in the U.S., and offers a much wider range of investment options, resources, tools and other features than many of the smaller brokers on our list.
|To qualify for its introductory bonus of up to $500, you need to know an existing Charles Schwab customer who can refer you to open a new account. Then deposit at least $1,000 within 45 days to earn money. Here’s what you can earn based on how much you deposit:
While the deposit requirements are a bit steeper than some other brokers, the lowest tier is still relatively accessible to investors with lower net worths.
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