Best Stock Broker Promotions, Deals, & Bonuses

HomeInvestingBest Stock Broker Promotions, Deals, & Bonuses

Want to Score Cash For Free?

  • Survey Junkie: Earn up to $50 per survey with one of the highest-paying survey sites on the web. Join Survey Junkie Now
  • SoFi Money: Earning money for unlocking better features sounds like a dream. But this free banking app really pays you $100 with you switch your direct deposit to SoFi Money. Get SoFi Money.
  • Aspiration: This mobile banking app lets you do everything for free and takes no fees — ever. Better yet, if you join through this link you can get $100 in your new account.

If you are looking for new investment opportunities or options, check out our most updated list of stock broker promotions, bonuses, and deals such as TD Ameritrade, E*Trade, Schwab, Merrill Edge, Fidelity, Capital One Investing, Motif, and many more.

We listed out all the cash bonuses, points & miles promotions, free commission trade deals, and many more.

You will find all the terms and conditions with the latest update on the web.

At a glanceGo
Robinhood Free Stock Offer
Price: FREE

Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join. The value of the free share may be anywhere between $2.50 and $200 and fluctuates based on market movements. You’ve got nothing to lose.

free stock robinhood

Best Stock Broker Promotions

AcornsFree $5 BonusSign up and download the appNone
Ally Invest$0 Minimum Deposit and No Monthly Fees$0 trades, $0.50 per contractNone
Ally InvestUp to $3,500 Bonus & 90 Days of Free Trades$2 Million+ Deposit12/31/2020
BettermentUp to 12 Months Managed Free$500K+ DepositNone
Charles SchwabUp To $2,500$50k+ DepositNone
Charles SchwabUp To $500$1k+ DepositNone
Chase You InvestUp to $625$250k+ Deposit05/07/2020
Charles Schwab500 Commission-Free Trades$100k+ DepositNone
ChoiceTrade$5 base rate plus $0.15 per contactNo Minimum initial depositNone
Cobra TradingFree Platform DemoRequest a Free Platform DemoNone
E*TradeUp to $3,000$1 Million+ Deposit04/30/2020
E*TradeUp to $650$250K+ Deposit04/30/2020
FirstradeFree Stock ReferralOpen an account using a referral linkNone
Firstrade$200 Transfer fee rebatesAccount Transfer of $2,500 or moreNone
FirstradeUp to $600$10K+ Deposit04/15/2020
Future AdvisorFree Service Sign UpMany services are free to use. Premium service management fee is 0.50%None
Just2Trade$2.50 Per TradeN/ANone
Lightspeed Trading$10,000 Cash Back$25K MinimumNone
Matador$20 + Up to $500Fund w/ $10 for 30 daysNone
Merrill EdgeUp to $900$200K+ Deposit07/15/2020
Merrill EdgeUp to $600$200K+ DepositNone
Motif Investing3 Free MonthsN/ANone
Motif Investing30 Stocks For $9.95No MinimumNone
Motif Investing$9.95 Total Commission/Motif Trade or $4.95 Per Single/Stock TradeNo MinimumNone
Personal Capital$20 Referral bonusUse the referral invitation linkNone
RobinhoodFree Share of Stock for New Users (Up to $500)No MinimumNone
SigFigUp To 10,000 Managed Free$2,000 opening depositNone
SogoTrade100 Free Trades & $100 Transfer Fee Reimbursement$500+ Deposit for free trades. Transfer $10K+ for $100 Reimbursement.None
SoFi Invest$75 bonus$1,000 depositNone
Speed Trader$100 in Free TradesN/ANone
SureTrader$50 in Free Trades$500 DepositNone
SureTrader$100K Trading DemoN/ANone
TD AmeritradeUp to $600$250K+ Deposit04/30/2020
TD Ameritrade IRAUp to $600$250K+ Deposit04/30/2020
TradeUPFree Stocks & $50 Bonus$3,000 Deposit and ReferralNone
Wealthfront$5,000 Managed FreeUse the referral invitation linkNone

Let’s face it. Interest rates on standard savings account are basically zero (less than 1%), so with inflation at 2% the value of your money declines in real terms which means you are actually losing money over the long term by leaving it in your personal savings account.

While it is important to make sure that you have access to cash when needed to pay for unforeseen expenses, you probably don’t want to leave more than 3-6 months of living expenses in your personal savings account at one time. That means that you need to find a way to invest your newly acquired savings.

Want Free Money?

  • Aspiration: Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Hooray for investing!

Life coach, author and investing guru Tony Robbins has stated that the 3 most important investing steps everyone should take are:

  1. Make use of compounding interest as early as possible
  2. Diversify your investments
  3. Automate your investments

When Should You Start Investing?

It’s a common misconception that when people hear about investing they believe that they need “wealth” in order to invest when actually the opposite is true. You don’t need millions of dollars or even tens of thousands of dollars in order to begin investing in your future.

The best time to start investing is when you are just starting out with modest savings. The reason for this is the magic of compound interest.

Compound interest is when you earn money on a deposit (a percentage that varies depending on the type of account), and then you earn more interest on that interest from the initial deposit, and then this process keeps continuing for 10, 20 or 30 years until your money has greatly increased in value!

Example of Compound Interest: You invest $1000 as an initial deposit into an account that pays a 6% interest rate (slightly lower than the average of the stock market), and then you deposit $300/month (About 10% of $50k/year salary). After 10 years you would have $50k, then $141k after 20 years and $307k after 30 years. And this is even without increasing your savings relative to your rising salary!

The best part is that you can start doing this right now with investment options available to the average person.


And my answer to this question is YES.

And the best part is that you don’t have to buy expensive blue-chip stocks (Apple, Amazon, Google, etc.), a life insurance policy or an expensive rental property to generate this extra income.

All you have to do is deposit your extra savings each month and be patient as time is your best friend.

When you only small deposits from your savings each month, over a 10, 20 or 30 year period you can grow your savings into multiple six figures.

How Do I Invest?

The best way to do this is to get into the stock or bond market early in your life and keep your money there over the long term. Some people might think that there are secrets to timing the stock market, or they are worried about recessions or market downturns, but the single most important factor to growing your savings is getting into the market early and keeping your money there over the long term.

A great way this can be done by the average investor is through index funds. An index fund is designed to track a specific group of investments, often stock or bond markets as a whole, and therefore is less dependent on an individual company, which decreases your risk and diversifies your money. So if the U.S. stock market overall experiences 7% growth per year over a 10 year period, then it is likely that an index fund tracking the U.S. stock market would experience the same growth.

Note: Index funds are a specific type of mutual fund, and all mutual funds are NOT the same.

What Investment Brokers To Use?

If you are interested in buying index funds, Vanguard is a great option as they have extremely low fees (About 0.05% of profits). Or if you are interested in service which will manage the buying and selling of index funds for you and automate the process, Wealthsimple and Acorns are both great options that only charge low fees. All you do is set up an account, choose your risk tolerance and deposit your funds. Their service will automate the rest!

Wrapping it up

Investing shouldn’t be expensive or complicated as it’s so important to start early in order to maximize the value of compound interest. There are plenty of useful investing guides right here on My Millennial Guide, free to use to dive more into the topic of how to start investing in the stock market or you can take a peek at the best stock trading courses.

Hopefully, you have learned a bit about investing and have gained the confidence to get out there and begin investing for yourself!


Want Free Money?

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Learn more

The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
Open a new account in the next 24 hours and you could get up to $200 in free stock.
Truebill reviewTruebill
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.

About the author

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.


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7 Best Bank Bonuses and Promotions of April 2021

aspiration★★★★★This Company Will Give You $100 for Opening a Free Account
Boost your savings and earn up to 1.00% APY interest on your savings. Get up to 10% cash back on your purchases. Get $100 bonus when you spend your first $1,000 with your new Aspiration Plus Card.
personal capital★★★★★
The First and Only Interest Earning Crypto Account
Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days. Receive up to 8.6% annually on your crypto. Join the most trusted financial services for crypto investors on the market.
personal capital★★★★★Get Up $200 in Free Stock for Joining
Commission-free stock, ETF and options trades. Get a free stock worth up to $200 when joining (must complete application). Simple, easy to use investor platform with no account minimums.
sofi★★★★★All-In-One Investing That's Easy to Use
Tired of Robinhood? Invest in stocks, ETFs, crypto, or automated investing in all one app. No commissions for stocks and ETFs. Complimentary access to SoFi Financial Planners.
personal capital★★★★★The Smart and Free Way to Manage Your Money
Take control of your finances with the perfect union of technology and highly personalized service. Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more. Digital-first wealth management advisor with 24,000 clients in 50 states.
blooom★★★★★401K and IRA Management
Start your free 401k and IRA management now. Find and reduce hidden fees. Improve your diversification.
cit★★★★★Enjoy the Benefits of a CIT Bank Money Market Account
A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth. Earn over 7x the national average with high-interest rates. It now pays to open a money market account with CIT Bank.
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