What is a brokerage account bonus?

A brokerage account bonus is something that you can receive for opening a new account with a specific brokerage, which can be attractive to beginner investors. The bonuses can vary widely between brokerages but you can receive a number of helpful bonuses that you may find attractive.

How do I qualify for the bonus offer?

To qualify for the bonus offer, you must open a new brokerage or retirement account by April 18, 2023. Enter code ‘BONUS23’ when opening the new account and fund it within 60 days of its opening date to receive the bonus.

What is a brokerage account & how does it work?

An investor deposits funds into their brokerage account and the brokerage firm transacts orders for investments such as stocks, bonds, mutual funds, and exchange-traded-funds (ETFs) on their behalf. The assets in investment accounts belong to the investors, who normally must report as taxable the income derived from the account.

How much money can I deposit for a bonus?

Your bonus amount depends on how much you deposit during the 45-day qualifying period: $100: Deposit $25,000 to $49,999 in new money or assets. $300: Deposit $50,000 to $99,999 in new money or assets. $500: Deposit $100,000 and above in new money or assets. Once your account is open, monthly fees may apply.