Opening a brokerage account has never been easier. Plus, each one of these brokerage firms is vying for your business, and many are offering new account bonuses and brokerage account promotions just for signing up.
Whether you’re looking to trade stocks, bonds, ETFs, or even cryptocurrency, there’s an overwhelming amount of quality platforms to chose from.
In this post, we share the best brokerage bonuses available today, including the main features and benefits that you can find with each one.
Best Brokerage Account Promotions – December 2023
Here are the top brokerage account promotions and bonus offers available now:
- J.P. Morgan: up to $700 + $100 BankBonus Exclusive bonus
- Acorns: $400 bonus
- Fidelity: $100 bonus
- M1: up to $10000 bonus
- VyStar Credit Union: up to $1200 bonus
- Citi®: $5000 bonus
- SoFi: up to $100 bonus
- Sound Credit Union: $100 bonus
- Wealthfront: $50 bonus
- Charles Schwab: $101 bonus
- Bank of America: up to $600 bonus
- Tradestation: up to $3500 bonus
- Robinhood: Free stock (up to $200) bonus
1. J.P. Morgan Wealth Management
As a perk to our subscribers, BankBonus.com has partnered with J.P. Morgan to bring you an exclusive, easy-to-earn offer: $100 just for signing up for a new Self-Directed Investing account.
This is in addition to the up to $700 bonus that J.P. Morgan is offering new customers (the highest offer that we've seen to-date!).
That means if you open your new account through this exclusive BankBonus.com deal, you'll earn $100 from us and still have the opportunity to earn up to an additional $700 from J.P. Morgan – for a grand total of up to $800!
To take advantage of this nationwide offer, you'll first need to request a personalized offer link and then use that when opening your free account.
Assuming your account remains open for at least 90 days, we'll send you a $100 reward, which you can redeem instantly for a virtual VISA or gift card to your choice of more than 200 retailers.
Remember, that reward is in addition to J.P. Morgan's welcome offer...
Which, they've made even more accessible this time around by introducing a lower tier at $5,000, down from the previous $25,000 entry point!
So, what are you waiting for? Request your code now!
Self-Directed Investing - up to $700 + $100 BankBonus Exclusive bonus
Expires: December 31, 2023
The Self-Directed Investing signup offer requires you to deposit and maintain a minimum balance in order to earn the $700 + $100 BankBonus Exclusive bonus. Full requirements to receive this bonus are:
- Enter your email address to subscribe to exclusive BankBonus.com offers, including this one.
- A link with a unique code attached will be sent to you via email.
- Open a new J.P. Morgan Self-Directed Investing account using the link with your unique code.
- Keep your account open for at least 90 days.
- Exclusive BankBonus.com $100 reward will be delivered by email within 15 days of meeting requirements, in the form of a digital reward that you can redeem instantly for a virtual VISA or gift card to your choice of more than 200 retailers.
- To earn up to an additional $700 from J.P. Morgan, fund your new account within 45 days of account opening with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus; $250,000+ = $700 bonus. Please note: INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Funding bonus will be received from J.P. Morgan within 15 days.
Every week, Acorns reintroduces its referral bonus, which gives you cash for referring friends to the FinTech. This week, Acorns is offering a $400 bonus when you refer 2 friends who open a new Invest account and make their first investment. It's a decent "average reward per person" deal and super easy if you know people.
You don't need to already have an Acorns account to qualify, either.
Just sign up for one using the link below, make an initial deposit of at least $5, and you'll have instant access to your unique referral link, which you can then pass along to your friends. In your account, you'll be able to see the number of pending and successful referrals so that you can keep track of your progress to the bonus.
This offer will also automatically stack with their regular $20 bonus offered to BankBonus.com users, for additional earnings.
Acorns Invest [Referral Program] - $400 bonus
Expires: December 9, 2023
The Acorns Invest [Referral Program] signup offer requires you to complete the following in order to earn the $400 bonus. Full requirements to receive this bonus are:
- If you do not already have an Acorns Invest account, create one using the link below and make an initial deposit of at least $5 and earn a $20 bonus.
- Refer 2 friends using your personal referral link during the promo period, and ensure they make their first investment by Dec 23, 2023.
- Referees must maintain their account in good standing for at least 30 days from the last day of the Qualification Period.
- Bonus(es) will be deposited within 30 days of promotional period ending.
3. Fidelity Investments
Fidelity has launched a new app to help you improve your savings habits. To help get the word out, they are offering a $100 welcome bonus when download the app and deposit at least $50. Fidelity Bloom® is a free app and debit card, with two brokerage accounts: one for saving, one for spending. The Fidelity Bloom® app features two brokerage accounts which are not bank accounts and not FDIC insured. Instead, as brokerage accounts, your cash is covered by SIPC.
What's more? You can earn an annual 10% savings match from Fidelity® on up to $300 of deposits to your Save account, bringing your total bonus to $130
The content on this page is accurate as of the posting date; however some of the offers may have expired.
Fidelity Bloom® - $100 bonus
Expires: December 11, 2023
The Fidelity Bloom® signup offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Open a new Fidelity Bloom® account using the link below and deposit at least $50.
- At the end of the initial 7 day qualification period, have a balance of at least $50 in the account.
- Bonus will be deposited within 10 calendar days after the qualification period.
- Terms apply.
4. M1 Finance
If you already have funds invested on another platform, you can earn big when you transfer funds to an M1 Finance account.
Right now, you can earn a bonus of up to $10,000 for making the switch. This is one of the largest bonus they've offered to date! This time around they've halved the minimum to qualify ($50K).
All you have to do is open a new account that matches the type you’re transferring from, upload some documents, and you’ll be in line for the bonus.
The total bonus that you get depends on the amount of your transfer:
- $50,000 – $249,999.99: $250
- $250,000 – $499,999.99: $1,000
- $500,000 – $999,999.99: $2,000
- $1,000,000 – $1,999,999.99: $4,000
- $2,000,000+: $10,000
What's more, if you're a new M1 Invest customer, you can stack this bonus with their new account bonus, which offers $75-$500.
M1 Invest [ACATS Transfer] - up to $10000 bonus
Expires: December 25, 2023
The M1 Invest [ACATS Transfer] signup offer requires you to deposit and maintain a minimum balance in order to earn the $10000 bonus. Full requirements to receive this bonus are:
- Open a new M1 Invest account that matches the account type you have at another brokerage.
- Within 60 days, submit a transfer request from your current brokerage(s). The size of your bonus will depend on the total account value: $50,000 to earn $250; $250,000 to earn $1,000; $500,000 to earn $2,000; $1M to earn $4,000; $2M+ to earn $10,000.
- Bonus will be credited to your account on September 30, 2024.
5. VyStar Credit Union
If you're looking for professional advice for your retirement, annuity, etc, check out this bonus from VyStar Credit Union. Members can earn up to $1,200 in a tiered format that rewards you the more you have to deposit. One thing to note is that the minimum tier you'll need to have to earn the bonus in $100,000 with the max bonus rewarded for deposits of $1,000,000 or higher.
Advisory Investment - up to $1200 bonus
Expires: December 31, 2023
The Advisory Investment signup offer requires you to deposit and maintain a minimum balance in order to earn the $1200 bonus. Full requirements to receive this bonus are:
- Be a member of VyStar Credit union and open a new advisory account.
- Within 60 days of opening deposit monies as follows: $100,000 - $249,999, earn $500; $250,000 - $499,999, earn $700; $500,000 - $999,999, earn $900; $1M+, earn $1,200.
- Maintain those deposit levels for at-least 90 days from the deposit date.
- Bonus will be issued to the account holder within 14 business days.
Earn up to $5,000 when you open or enroll a new or existing eligible Personal Wealth Management account with new-to-Citi funds.
This is a tiered bonus based on how much you deposit and maintain for the first 3 months. They've up the reward amounts for their upper tiers this go around.
There are 5 levels, starting with a $500 bonus for deposits $50,000 - $199,999 and going up to $5,000 for $2,000,000+.
Personal Wealth Management - $5000 bonus
Expires: December 31, 2023
The Personal Wealth Management signup offer requires you to deposit and maintain a minimum balance in order to earn the $5000 bonus. Full requirements to receive this bonus are:
- Contact Citi to open or enroll a new or existing eligible Citi Personal Wealth Management account
- Fund the Citi Personal Wealth Management account with New-to-Citi Funds within 2 months of account opening (deposit $50,000 for a $500 bonus, $200,000 for a $1,000 bonus, $500,000 for a $2,000 bonus, $1,000,000 for a $3,000 bonus and $2,000,000+ for the $5,000 bonus)
- Enroll into e-delivery of statements within 2 months of account opening.
- Maintain the new funding through the end of the next month (or 3 months after the month of account enrollment).
Available nationwide, SoFi is offering up to a $100 welcome bonus when you open a new SoFi Crypto account and buy at least $50 in cryptocurrency. This is a tiered bonus, the bonus payout is determined by the amount of your first purchase of Crypto.
The tiers are as follows:
- Tier 1 | First Trade: $50 - $99.99: $10
- Tier 2 | First Trade: $100 - $499.99: $15
- Tier 3 | First Trade: $500 - $4,999.99: $50
- Tier 4 | First Trade: $5,000+: $100
Sofi Invest - up to $100 bonus
Expires: December 31, 2023
The Sofi Invest signup offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Download the app using the link below.
- Open a new SoFi Invest Crypto account.
- Within 7 days, buy at least $50 in cryptocurrencies.
- Bonus will be credited to your account within 7 days of completing the requirements.
8. Sound Credit Union
Sound Credit Union is offering $100 Visa gift card for depositing $25,000 into a new IRA.
As with all credit unions, you do first need to become a member, but membership is open to anyone who lives, works, or worships in Washington State (or has a direct relative who qualifies). Plus, you can do it online in about 5 minutes.
Considering your retirement savings can't be put to work on checking or savings account bonuses (which would definitely yield more than this promo!), this $100 is a nice little perk just for moving your account for a bit.
IRA - $100 bonus
Expires: December 31, 2023
The IRA signup offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Open a new IRA at Sound Credit Union.
- Within 45 days, deposit $25,000 into the new account by transfering an existing IRA or rolling over a 401k.
- Receive a $100 Visa gift card 90 days after account opening.
Available nationwide, Wealthfront is offering a $50 welcome bonus when you open and fund, your first taxable Automated Investing This account is ideal for both beginner and more advanced investors alike. The best thing about this bonus is the there aren't a lot of hoops to jump through.
This offer is only available to Wealthfront customers who haven’t had a taxable investment account in the past.
Automated Investing Account - $50 bonus
Expires: Limited Time
The Automated Investing Account signup offer requires you to complete the following in order to earn the $50 bonus. Full requirements to receive this bonus are:
- Open and fund your first Wealthfront taxable investment account.
- See terms and Wealthfront review for details
10. Charles Schwab
Charles Schwab has a bonus targeting new or entry-level investors in what they call the Schwab Starter Kit™, but new customers of all comfort levels can qualify. When you open a new account for this promo, Schwab will invest your bonus in fractional shares or "slices" of the top stocks by market cap in the S&P 500. Schwab recently upped this bonus from $50 at its previous level. It's a great way to start investing!
Schwab One® - $101 bonus
Expires: Limited Time
The Schwab One® signup offer requires you to deposit and maintain a minimum balance in order to earn the $101 bonus. Full requirements to receive this bonus are:
- Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
- Within 30 days, Fund your account with a minimum of $50.
- Once funded, Schwab will deposit $101 in your account to purchase your stock slices at approximately 6:00 pm Eastern Time the next trading day.
11. Bank of America
Available nationwide with the ability to open online, Bank of America's Merrill Edge is offering up to a $600 welcome bonus when you open a new Merrill Edge Self-Directed account and make an initial deposit.
What's more? There's also a $1,000 Merrill Edge bonus for those enrolled in Bank of America's Preferred Rewards program. The lower tiers are also bumped as well.
We only list the most popular tiers; however, here's a complete list of tiers you can ask for:
- $20,000 to $49,999 – $100
- $50,000 to $99,999 – $150
- $100,000 to $199,999 – $250
- $200,000 to $299,999 – $600
- $300,000 to $499,999 – $1,000
- $500,000 to $999,999 – $1,500
- $1,000,000 or more – $2,500
- $2,000,000 or more – $3,500
- $5,000,000 or more – $5,000
- $10,000,000 or more – $7,500
Merrill Edge Self-Directed - up to $600 bonus
Expires: Limited Time
The Merrill Edge Self-Directed signup offer requires you to deposit and maintain a minimum balance in order to earn the $600 bonus. Full requirements to receive this bonus are:
- Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
- Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $150 bonus, deposit $49,999-$99,999; To earn a $250 bonus, deposit $100,000-$199,999; To earn a $600 bonus, deposit $200,000 - $299,999.
- Maintain that balance for at least 90 days.
- Bonus will be deposited within two weeks following the end of the 90 day period.
Tradestation is offering investors up to $3,500 in bonus cash when you add new funds to a new or existing investing account. You only need $5,000 to earn the first tier bonus ($150), and up to $5M to earn the full $3,500. It's worth noting each of the tiers are considerably higher this time around than when it was previously offered.
Brokerage Account - up to $3500 bonus
Expires: Limited Time
The Brokerage Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $3500 bonus. Full requirements to receive this bonus are:
- Enroll an existing account or open a new account using promo code TSTVAGFD at the url below.
- Within 45 days, fund your account.
- To receive $150 bonus, fund with $5,000- $24,999; To receive $300 bonus, fund with $25,000- $99,999; To receive $500 bonus, fund with $100,000-$249,999; To receive $1,000 bonus, fund with $250,000-$499,999; To receive $2,000 bonus, fund with $500,000-$999,999; To receive $3,500 bonus, fund with $1,000,000+.
- Bonus will be deposited into the account the month following the end of the 270-calendar day holding period.
Robinhood is a commission-free stock trading platform that's had mixed headlines in the news (GME, what?). But Robinhood is a popular choice – particularly among beginner investors – due to their sleek, easy-to-use app.
This is a program that many investment apps now offer, but Robinhood pioneered: sign up and get a free stock. The stock has a 98% chance of being worth $5-$10, so this isn't an amazing bonus, but it's something for almost nothing (you don't even need to fund your account). The stock will hit your account within a week, and is tradeable 2 days after that.
Investing Account - Free stock (up to $200) bonus
Expires: Limited Time
The Investing Account signup offer requires you to complete the following in order to earn the Free stock (up to $200) bonus. Full requirements to receive this bonus are:
- Open a new Robinhood investing account using the link below.
- Link your bank account.
- Stock bonus will be credited to the enrolled account within approximately one week.
Brokerage Account Promotions FAQs
What is a brokerage account?
A brokerage account is a financial account that allows you to buy and sell securities like stocks, bonds, mutual funds, and ETFs. Just like a normal bank account, you can deposit and withdraw money. The difference is that with a brokerage account, you can actively grow your money through investments. You can also lose money, depending on market conditions and how your securities perform.
There are many different types of brokerage accounts for all kinds of investor profiles. Whether you have just a few dollars or a few million to invest, you should be able to find an account that meets your needs.
Who is the best online broker?
It’s tough to say which broker is the outright best online broker because it really comes down to your investment style and goals.
Some online brokers are ideal for investors that love to buy and sell funds and actively time the market. Others are better for those that simply want to buy and hold funds for the long term.
It also depends on whether you’re looking for more of a DIY platform (e.g., Robinhood and Tastyworks) or a more traditional experience (e.g., Schwab and Vanguard) with access to customer advisors when you need help.
That said, the best online broker for you is the one that meets your needs. If you get get a sign-up bonus while you’re at it, go for it. But whatever you do, avoid signing up for a platform that you don’t understand just to get the bonus.
Are trading apps legit?
Yes, most of them are legit. With the onslaught of mobile brokerage apps in recent years, it can feel overwhelming trying to determine if they are trustworthy. But rest assured, there are a ton of legitimate, convenient trading apps, and any of the platforms listed in this post are safe. Be sure to look into reviews and read the fine print before you invest, and you should be just fine.
Can you have multiple brokerage accounts?
Yes. There’s no law against holding onto more than one brokerage account, but you should weigh the pros and cons before taking that route.
It might make sense to have multiple portfolios if you have a variety of investment goals that cannot be accomplished on the same platform. Plus, opening multiple accounts can help you take advantage of more than one sign-up bonus.
On the other hand, too many accounts can complicate things. The more places you have your money, the harder it is to keep track of. You also might miss out on relationship bonuses if you’re spread too thin because financial institutions tend to reward those who have more money with them.
Which Brokerage Account Promotions Are For You?
No matter your investing goals, there’s a brokerage account out there that should be able to facilitate them.
Whether this is your first shot at investing or you’re just shopping around for the best deals, you now have a better idea of the top brokerage incentives for new account holders.
You should never choose a financial partner based on a sign-up bonus alone. But the extra cash in your pocket or stock in your portfolio can help to narrow your choices down while bolstering your account in the process.
Also, remember to keep an eye out for any disclaimers that could wipe out the bonus you are hoping to earn.
Here’s to making the most of your online brokerage relationship.