Top New Account Bonus Offers،
Below you’ll find the best brokerage account cash sign-up bonuses available today. To compile this list, we took into account the overall quality of the brokerage, the investment options offered and the value of the bonus in relation to the deposit required to obtain it.
#1. Commercial station
TradeStation is the go-to brokerage for many active investors due to its powerful trading platform, commission-free stock trading, and diverse list of tradable assets. Read our TradeStation review to learn more.
Their current promotion allows new customers to earn a one-time cash reward based on their initial deposit amount. You have to enter promo code FNMZAGAO during the registration process to claim the bonus!
Cash reward | Eligible assets |
$50 | $500 |
$250 | $25,000 |
$400 | $100,000 |
$800 | $200,000 |
$3,000 | $1,000,000 |
$5,000 | $2,000,000 |
The cash reward will be deposited into your account the month following a 270-day holding period.
Offer is only available for entity (non-institutional), individual or joint stock and futures accounts. IRAs and other tax accounts are not eligible. Additionally, assets must be new to TradeStation, and any withdrawals or redeposits during the holding period will disqualify the account.
Visit TradeStation.
View all current TradeStation promotions.
#2. Public
Public is one of our favorite commission-free trading platforms. It offers fractional stock investing with no monthly fees and its design is beginner-friendly.
Public’s current promotion offers up to $10,000 in bonus funds for transferring an existing brokerage account to the platform, making the offer one of the best available for high net worth investors.
Amount of the transfer | Prime |
$5,000 – $24,999 | $150 |
$25,000 – $99,999 | $250 |
$100,000 – $249,999 | $1,000 |
$250,000 – $499,999 | $2,500 |
$500,000 – $999,999 | $5,000 |
$1 million or more | $10,000 |
How it breaks down:
- This is a transfer bonus only. Cash deposits are not eligible.
- Public will cover your transfer fees from your existing broker (up to $500).
- Your transfer bonus is deposited 30 days after your transfer date.
Keep in mind that the bonus will be revoked if you do not keep the transferred funds in your account for at least six months.
Visit Public or learn more in our public investment review.
#3. M1 Finance
M1 Finance is an online broker that allows clients to invest in stocks, ETFs and cryptocurrencies. It is unique in that it combines elements of robo-advisors like Wealthfront with those of more traditional online brokerages, such as Robinhood.
For those who prefer a hands-off investment approach, M1 offers a variety of tailored investment portfolios to choose from. However, those who want more control over their investments can choose individual assets to create their own highly personalized portfolios.
You can find out more in our M1 Finance review.
The current bonus structure is as follows:
Deposit amount | Prime |
$10,000 to $29,999 | $75 |
$30,000 to $49,999 | $150 |
$50,000 to $99,999 | $250 |
$100,000 or more | $500 |
Visit M1 Finance to find out more.
Sell all current M1 promotions.
#4. SoFi
SoFi Invest is an all-in-one investment platform that is easy to use and offers a variety of investment options.
SoFi Invest offers a bonus for transferring investments from another brokerage firm to a taxable SoFi Invest Active brokerage or retirement account (Traditional, Roth, or SEP IRA).
Bonus amounts are based on the total net amount of settled transfers from another brokerage to an individual SoFi Invest account during each calendar month.
Here is how the bonus structure breaks down:
Deposit amount | Prime |
$1,000 to $4,999.99 | $25 |
$5,000 to $19,999.99 | $50 |
$20,000 to $99,999.99 | $125 |
$100,000 to $249,999.99 | $250 |
$250,000 to $499,999.99 | $500 |
$500,000 to $999,999.99 | $1,000 |
$1,000,000 to $1,999,999.99 | $2,500 |
$2,000,000 + | $5,000 |
Bonuses will be paid out within 14 days following the last day of the month in which the transferred assets are settled into your SoFi Invest account. Assets must remain in your SoFi account for 180 days.
SoFi offers a variety of bonuses, and participating in this promotion does not disqualify you from earning other available bonuses.
#5. Charles Schwab
Charles Schwab is a popular low-cost brokerage known for its mutual fund selection, exceptional research tools, and strong customer service.
Schwab takes a slightly different approach to its bonus by asking its new customers for a referral link. This means that if you want to take advantage of Schwab’s bonus, you need a friend who happens to be an existing Schwab customer to send you a link.
As a Schwab customer, primarily for the Charles Schwab High Yield Investor checking account which reimburses you for ATM fees worldwide, you can use my referral link.
Once you use the link to sign up and become a customer, you could be eligible for a bonus of up to $1,000.
The multi-level structure looks like this:
Initial deposit | Prime |
$25,000 to $49,999 | $100 |
$50,000 to $99,999.99 | $300 |
$100,000 to $499,999.99 | $500 |
$500,000 or more | $1,000 |
New customers must make a qualifying deposit within 45 days of opening an account. Once opened, the account will be reviewed and the bonus will be credited within approximately one week.
#6. Citi Auto-Investment
In an effort to reach investors at a lower cost, Citigroup launched Citi Self-Invest in 2021. This is separate from Citi Personal Wealth Management, which offers a hands-on approach to total wealth management and portfolio management with a dedicated advisor.
Citi Self Invest offers a cash bonus to accounts with qualifying deposits based on a tiered structure.
Initial deposit | Prime |
$10,000 to $49,999 | $100 |
$50,000 to $199,999 | $200 |
$200,000 or more | $500 |
Offer expires June 30, 2023 and applicants must fund their Citi Self Invest account with a minimum of $10,000 during the account funding period to qualify. It is important to note that these funds must be new to Citi.
The bonus is limited to one per customer. When multiple accounts are opened, the bonus will apply to the eligible account with the highest balance. Bonus cannot be combined with any of Citi’s other offers.
#7. JP Morgan Self-Directed Investment Account
JP Morgan is currently offering a bonus promotion to new clients who open a self-directed investment account. This offer is available to those who open general investment, traditional IRA, or Roth IRA accounts.
The bonus you earn is based on the amount of new money you transfer into your account.
Initial deposit | Prime |
$5,000 to $24,999 | $50 |
$25,000 to $99,999 | $150 |
$100,000 to $249,999 | $325 |
$250,000 and more | $700 |
To benefit from this offer, you must:
- Open a JP Morgan self-directed investment account via the offer page.
- Fund your account with new money within 45 days. Assets transferred from JP Morgan Chase or its affiliates are not eligible.
- Keep the new money balance in the account for 90 days
The bonus cash will be credited to your account within 15 days of meeting these conditions.
#8. Citi Personal Wealth Management Account
Citi is currently offering a bonus promotion for new or existing customers who finance a Citi Personal Wealth Management account. The bonus you can earn is based on the amount of new money you transfer into your account.
Note that this account comes with a Citi Personal Wealth Management financial advisor, as well as fairly high fees. For the first $500,000, you are charged a 2% AUM fee.
Deposit amount | Prime |
$50,000 to $199,999 | $500 |
$200,000 to $499,999 | $1,000 |
$500,000 to $999,999 | $2,000 |
$1 million to $1.99 million | $3,000 |
$2 million and more | $5,000 |
To benefit from this offer, you must:
- Fund your account with a minimum of $50,000 in new funds at Citi.
- Register or maintain your registration for electronic statement delivery.
- Keep Citi newcomer funds in your account until the deadline (i.e. until November 2023 for deposits made in August 2023).
Cash Signup Bonus FAQs for Top Broker Accounts
Money received from a brokerage promotion constitutes taxable income. Technically, it’s treated the same as interest. However, some brokerages only issue a 1099 when income exceeds $600. If this is the case, the income remains taxable.
Money deposited into a traditional IRA is not immediately taxable but counts toward your total contribution for the year. You will pay taxes upon withdrawal.
Money contributed to a Roth IRA is not taxable income.
It depends on the type of assets you are selling. If you sell stocks, bonds, and other securities in your taxable account, the sale is considered a taxable event. In this case, the profits from the sale would be treated as capital gains and taxed accordingly.
To avoid this, try transferring existing assets to your account without selling them first. For example, if you own Amazon stock, you can simply move it to a new brokerage instead of selling it and moving the money.
It depends on the amount of money you deposit. If you deposit $1 million or more, Public offers you a $10,000 cash bonus.
Free stock offers are best for those who cannot meet the minimum deposits offered for the cash bonuses mentioned above. In our testing, most of the stocks we received were valued at less than $10 (and often less than $5). Although you may get lucky and get higher value stocks, it is better to go for a cash bonus offer if you are making a larger transfer.