Best Brokerage Account Bonuses in July 2024

Every month, Benzinga compiles a list of the absolute best brokerage promotions for investors looking to open new accounts. These include sign-on bonuses, free trades and more. Check back each month for an updated list.

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Contributor, Benzinga
July 11, 2024

Looking for the top brokerage promotion? Moomo offers new customers up to 15 complimentary stocks when you open an account.

If you're new to investing, want to switch your brokerage or just create a new brokerage trade account, look no further. Brokerage promotions offer deals and promotions to new account holders, such as sign-on bonuses, free trades, access to premium services and more, as all of the big players try to win you over.

Quick Look: Best Brokerage Account Bonuses

  • Albert: $50 instant overdraft coverage bonus for referrals
  • Moomoo: New customers can score up to 15 free stocks
  • Webull: 2% cash bonus on the net qualifying transfer amount
  • TradeStation: Transfer bonus of up to $3,500
  • TradeZero: Earn up to $200 per friend referral
  • FOREX.com: Get up to a $5,000 bonus to start trading
  • NinjaTrader: Up to $250 for new accounts and rebate on commissions
  • Tastytrade: Bonus offer of up to $5,000 for new investors

9 Best Brokerage Bonuses and Promotional Offers

Let's explore some of the most attractive incentives currently available to investors.

1. Albert Bonus

Invite friends to Albert for a $50 Instant overdraft coverage bonus. To qualify, referrals must join Albert via your link within 10 days, create an Albert Cash account, and set up Albert Instant with overdraft coverage within 45 days. The program has specific terms and limitations, including the right for Albert to change requirements and eligibility criteria. Abuse of the program may result in disqualification and recoupment of bonuses. For questions, contact Albert support. Full terms apply.

For more details, visit the Albert app or contact their support team.

2. Moomoo Bonus

New customers can score up to 15 free stocks and a high interest rate on uninvested cash.

  • Earn up to 8.1% APY on your uninvested cash (includes a special 3-month bonus rate).
  • Get 5 free stocks with just a $100 deposit, or 15 free stocks with a $1,000 deposit (stocks are awarded after 60 days).

Don't miss out! This offer ends on July 31st, 2024.

Key things to remember:

  • You must be a new Moomoo customer (no prior accounts or deposits).
  • You need to be a US resident over 18 years old.
  • Make your first deposit before the deadline.

3. Webull Transfer Bonus

Offer Period: July 5, 2024 - July 31, 2024

Eligibility: Brokerage customers of Webull who receive a push notification and click "Enroll Now."

Requirements: Transfer $2,000-$5,000,000 to your Webull account, maintain the amount until July 30, 2026, and make qualifying transfers from external brokerage accounts.

Rewards: 2% cash bonus on the net qualifying transfer amount, paid in installments (50% on July 31, 2025, and 50% on July 31, 2026).

Limitations: One reward per customer, non-transferable, and subject to terms and conditions.

For more details, visit the Webull app or contact Webull support.

4. TradeStation Brokerage Bonus

Trade stocks, ETFs, futures, options, or crypto with reliable execution on powerful platforms and competitive pricing models with TradeStation. You can compete in numerous markets, test and optimize your strategies, and join a community to share your knowledge and learn more skills.

Supercharge Your Trades with TradeStation's Transfer Bonus - Get Up to $3,500!

TradeStation is giving new investors a chance to boost their buying power with a transfer bonus of up to $3,500. Simply open a new account, deposit your funds, and watch your bonus grow!

Here's the deal:

  • Transfer $5,000 or more and get a cash bonus. The more you transfer, the bigger the reward!
  • Trade commission-free while your funds grow.
  • No expiration date was announced, but this offer could vanish anytime.

Ready to claim your bonus?

  1. Open a new TradeStation account.
  2. Fund your account with at least $5,000 within 45 days.
  3. Sit back and relax - hold your funds for 270 days and claim your bonus.
Deposit amountCash bonus
$5,000$150
$25,000$300
$100,000$500
$250,000$1,000
$500,000$2,000
$1,000,000$3,500

Don't miss out on this chance to maximize your returns!

Important Note: Details and restrictions apply. See TradeStation's website for full terms and conditions

5. TradeZero Brokerage Bonus

Benzinga awarded TradeZero Best Brokerage for Short Selling and it's well-deserved. TradeZero, along with commission-free trading, offers its ZeroPro platform, which delivers speed and functionality. It also offers ZeroWeb, a powerful level 2 web platform with direct market access and ZeroFree, a $0 software solution. You can also get ZeroMobile if you're constantly on the go. All 4 options deliver everything you need to become a successful trader.

Earn up to $200 per friend for referring them to TradeZero America!

Looking to share your love of trading with friends and family?  TradeZero America's referral program lets you do just that and get rewarded handsomely!

Here's the deal:

  • Refer a friend who opens a TradeZero America account.
  • You both get a bonus when your friend deposits funds!
  • The more your friend deposits, the bigger the bonus for both of you (up to $200 per friend!)

Here's a quick breakdown of the rewards:

  • Deposit $2,500 - $29,999: You and your friend each get $25!
  • Deposit $30,000 - $59,999: You and your friend each get $50!
  • Deposits over $250,000: You and your friend can each earn a whopping $200!

Ready to start referring and earning?  Spread the word about TradeZero America and get rewarded for it! 

(Just remember there are some eligibility requirements, so check out the details on their website.)

6. FOREX.com Bonus

  • Forex.com
    Best For:
    Excellent Trading Conditions and Overall Offerings
    VIEW PROS & CONS:
    securely through Forex.com's website

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% to 77.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

    The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account

FOREX.com connects independent traders to the potential of the global currency markets. FOREX.com offers a way to help forex traders with what they need to succeed. Plus, get the most out of every trade with FOREX.com's clear, competitive pricing. No small print involved!

Get up to a $5000 Bonus to Start Trading with FOREX.com!

Looking to boost your trading and explore new markets? FOREX.com is offering a fantastic Welcome Bonus to help you get started!

Here's the deal:

  • Deposit funds into your new FOREX.com account.
  • Get a bonus of 20% of your deposit amount (up to a whopping $5,000!).
  • Use the bonus to trade or even withdraw it after meeting some requirements.

There are a few things to keep in mind:

  • You need to be a new FOREX.com customer.
  • There's a minimum deposit of $1250 to qualify for the bonus.
  • You'll need to place a certain amount of trades within 60 days to claim the bonus.

Ready to supercharge your trading experience? Open a FOREX.com account today and claim your bonus! 

(Be sure to check out the full terms and conditions on their website for all the details.)

7. NinjaTrader Bonus

NinjaTrader is the winner of two Benzinga Global Fintech Awards, including Best Brokerage for Trading Futures.

  • Best Brokerage for Trading Futures: NinjaTrader was recognized its high-performance trading software, discount brokerage services and real-time support. 
  • Trader Empowerment Award: As the first open source platform available to the futures trading community, NinjaTrader was recognized for empowering traders and developers to build their own indicators, apps and strategies.

Trade commission-free for up to 30 days with this exclusive offer!

Open a new account with Ninja Trader and get a rebate on your commissions, up to $250! Here's what you get:

  • Open a new account and deposit at least $500 within 30 days.
  • Trade for 30 days after your funds settle and get a rebate on your commissions (up to $250).
  • That's essentially commission-free trading for your first month!

Here are the details:

  • This offer is only for new clients and accounts must be funded within 30 days.
  • This offer cannot be combined with other promotions.
  • The rebate will be applied to your account by the middle of the following month.
  • This offer is for individual accounts only.

Ready to start saving on commissions? Open a Ninja Trader account today and take advantage of this limited-time offer! 

(Remember to check the full terms and conditions on their website.)

8. Tastytrade Bonus

Get Up to $5,000 to Boost Your Trades with Tastytrade!

Tastytrade is tempting new investors with a bonus offer of up to $5,000! Here's how you can snag this sweet deal:

  • Open a new account (individual, joint, or trust).
  • Deposit at least $2,000 in cash or securities.
  • Use code "BENZINGA" during signup.

The more you deposit, the bigger your bonus! Here's the breakdown:

Deposit AmountBonus
$2,000 - $4,999$50
$5,000 - $24,999$100
$25,000 - $99,999$500
$100,000 - $249,999$2,000
$250,000 - $499,999$3,000
$500,000 - $999,999$4,000
$1,000,000+$5,000

Key things to remember:

  • This offer is for U.S. residents only.
  • The bonus is awarded within a few business days.
  • You must hold your deposit plus the bonus for 12 months.

Don't miss this chance to jumpstart your investment journey with extra cash!

9. eToro Bonus

  • eToro
    Best For:
    Social Investing
    VIEW PROS & CONS:
    securely through eToro's website

    Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro empowers millions of users in over 140 countries to trade and invest simply and transparently. eToro is an established and reliable leader in the global fintech industry and is a global pioneer in cryptocurrency trading. eToro’s platform already offers many of the world’s most popular digital currencies.

Build your crypto portfolio and get a FREE $50 bonus!

Limited time offer: Buy $500 worth of crypto on eToro and get an extra $50 bonus! That's right, start investing in Bitcoin, Ethereum, and other popular coins.

Here's how to get started:

  1. Open a free eToro account (it only takes minutes!)
  2. Deposit $500
  3. Buy $500 worth of crypto (Bitcoin, Ethereum, or something else you like!)
  4. Get an extra $50 bonus deposited directly into your account!

Don't miss out on this exciting opportunity to grow your crypto wealth! Sign up for eToro today and claim your bonus before it's gone!

How to Find the Best Brokerage Bonuses

By following these tips, you can find the best brokerage promotion that complements your investment goals and doesn't compromise the overall quality of the broker you choose.

1. Research and Compare

  • Financial News Websites: Many financial news websites, like Benzinga Pro compile and compare brokerage promotions. These lists are a great starting point to see what offers are out there.
  • Brokerage Websites: Always check the websites of individual brokerages you're interested in. They often advertise their current promotions prominently.

2. Consider Your Needs

  • While bonuses are a perk, finding a broker that aligns with your investment needs (fees, account types, investment options, platform features) is crucial.

3. Focus on the Details

  • Read the fine print: Understand the requirements and information to qualify for the bonus, minimum deposit amounts, and any holding periods for the bonus or deposited funds.
  • Beware of hidden fees: Some bonuses might require specific account types that have higher fees. Ensure the overall fees of the broker are still competitive.

4. Consider Other Factors

  • Customer service: Research the broker's customer service reputation. You want a broker that provides easy access to support when needed.
  • Investment research tools: Does the broker offer research tools or educational resources that can enhance your investment experience?

Want to find a broker that matches your trading style? Check out Benzinga's Best Online Brokerages list!

Frequently Asked Questions

Q

Do brokers give bonuses?

A

Yes. Many brokers attract new clients with bonuses like cash or commission-free trades. These incentives come in various forms. They require actions like depositing funds or making trades.

Q

Where can I find a list of brokerage promotions?

A

You can find a list of brokerage promotions on the list above.

Q

What kind of promotions do brokerages offer?

A

Brokerages offer promotions such as sign-on bonuses, access to premium features, and free trades.

Luke Jacobi

About Luke Jacobi

Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. With a keen understanding of the financial industry and a commitment to driving innovation, Luke continues to make significant contributions to Benzinga’s mission of providing high-quality financial news and analysis.