Stock Broker Promotions for May 2020

View list of top brokerage promos and bonus offers for new accounts. These online stock brokers now offer huge incentives. Look for cash bonus, free trades, and transfer fee reimbursement deals.

Ally Invest

Pros:

Low commission for stock trades
No account minimums
Ally platform

Cons:

No physical locations

Our Review: (4.4) Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers... Read full review

Get Up to $3,500 Cash Bonus

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Get $50 Cash Bonus

New Ally Invest customers only with $10,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Get $200 Cash Bonus

New Ally Invest customers only with $25,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Get $300 Cash Bonus

New Ally Invest customers only with $100,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Get $600 Cash Bonus

New Ally Invest customers only with $250,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Get $1,200 Cash Bonus

New Ally Invest customers only with $500,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Get $2,500 Cash Bonus

New Ally Invest customers only with $1,000,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Get $3,500 Cash Bonus

New Ally Invest customers only with $2,000,000 minimum opening deposit. Account must be funded for at least 60 days to be eligible for cash bonus. (Expires 12/31/2020)

Open an Ally Invest account

TD Ameritrade

Pros:

Easy to Use
Thinkorswim Platform
Customer Service

Cons:

Trade Fees

Our Review: (4.2) TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review... Read full review

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

Open an IRA in 15 minutes or less

E*TRADE

Pros:

Expansive set of resources and tools
Easy to use website
Industry leader

Cons:

Trade fees

Our Review: (4.2) E*TRADE is a highly well-known name, but does that mean it's that much better than its competitors? Read our in-depth review and see how it compares... Read full review

Learn more about E*TRADE

$2,500 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $1,000,000 or more. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

$1,200 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $500,000 to $999,999. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

$600 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $250,000 to $499,999. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

$300 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $100,000 to $249,999. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

$200 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $25,000 to $99,999. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

$50 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $10,000 to $24,999. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

$25 Cash Credit

Open a new non-retirement brokerage account and fund within 60 days of account opening with a minimum deposit or transfer of $5,000 to $9,999. Terms apply. See E*TRADE website for details. (Expires 5/31/2020)

Fidelity

Pros:

Research reports
Beginner-friendly tools
Mobile app

Cons:

Restricted platform

Our Review: (4.4) Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere... Read full review

Commission-Free Trading - Online Stock, ETF and Option Trades

M1 Finance

Pros:

Choose your own investments
Can invest in individual stocks
No account fees

Cons:

Not beginner friendly
No human advisors
Can only trade once a day

Our Review: (4.5) M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit... Read full review

Commission Free Stock Trading

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

Transfer Your Account and Earn Up to $2,500

Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.

Transfer	Bonus
$100,000 – $250,000	$250
$250,001 – $500,000	$500
$500,001 – $1,000,000	$1,000
$1,000,001+	$2,500

Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

Get $2,500 When You Transfer an Account of $1,000,001+

Get $1,000 When You Transfer an Account of $500,001 to $1,000,000

Get $500 When You Transfer an Account of $250,001 to $500,000

Get $250 When You Transfer an Account of $100,000 to $250,000

$100 Off M1 Plus

New M1 customers will have 7 calendar days from the day your identity is verified with M1 Finance to sign up for M1 Plus to receive the discounted price of $25 for their first year. M1 Plus membership is typically $125 per year. (Expires 6/30/2020)

Get $100 When You Transfer an Account of $20,000 to $100,000

(Expires 5/31/2020)

M1 Finance Fees

Scottrade

Pros:

Low per trade fees
Physical locations
Easy-to-navigate website

Cons:

No futures trading
High broker-assisted fee

Our Review: (4.2) With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review... Read full review

Open an Account

Acorns

Pros:

No minimum investment
Invest with spare change
Found Money program

Cons:

Fees are high for small balances
No tax benefits
Limited investment options

Our Review: (3.7) Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit... Read full review

$10 Sign-Up Bonus

$5 Sign-Up Bonus

Try Acorns Today!

Acorns Invest: Invest Spare Change

Acorns Later: IRA Account

The easiest way to save for retirement.

Acorns Spend: Checking Account

Get a checking account that saves, earns and invests for you.

Try Acorns Today! $10 Sign-Up Bonus

ZacksTrade

Pros:

Fees starting at $3 per trade
Outstanding research tools
No additional fees for broker assisted trades

Cons:

Not beginner friendly
$2,500 minimum to start

Our Review: (4.4) Stock traders that hear the name Zacks likely think of research. That's because Zacks has been a top provider of investment research for many years. The company has since broadened their services to offer an online brokerage firm... Read full review

Charles Schwab

Pros:

Vast selection of commission-free ETFs and mutual funds
2 platforms (one for beginners and one for advanced traders)
24/7 customer service including online chat

Cons:

Commission costs on mutual funds outside of the commission-free funds
Robo-advisor option requires a minimum investment of $5,000

Our Review: (4.2) Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors... Read full review

$0 Commissions on Online Stock, ETF, and Options Trades

500 Commission-Free Online and Options Trades

Offer is available for new and existing Schwab clients. Clients must make a qualifying net deposit of $100,000 into their Charles Schwab & Co. retail brokerage account within 45 days of enrollment in the offer. This offer is limited to one account per client. Trades will expire 730 days after credited to account.

New Schwab Client - $100 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $1,000 to $24,999 (cash or securities) within 45 days of enrolling in the offer.

New Schwab Client - $200 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $25,000 to $49,999 (cash or securities) within 45 days of enrolling in the offer.

New Schwab Client - $300 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $50,000 to $99,999 (cash or securities) within 45 days of enrolling in the offer.

New Schwab Client - $500 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $100,000 or more (cash or securities) within 45 days of enrolling in the offer.

Robinhood

Pros:

Commission-free trades
No minimum
Extended trading hours

Cons:

No IRAs
Limited research
No mutual funds & bonds

Our Review: (4.0) Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons... Read full review

Get a Free Stock

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Free Cryptocurrency Investing

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the crytocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Invite Friends, Get Free Stocks

Vanguard

Pros:

Large selection of mutual funds and commission-free ETFs
Broker assistance is available at no additional cost
Easy to use

Cons:

Commission structure penalizes frequent traders
Customer service wait times
Commission costs on non-Vanguard investment options

Our Review: (3.9) Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them... Read full review

Interactive Brokers

Pros:

Large number of investments, including options, futures, and forex
Customize trading platform
Tools and opportunities for research

Cons:

$10,000 minimum to open an account.
Platform can be too much for a beginner to understand
Inactivity fees if you don't meet the trade commission requirements.

Our Review: (4.3) Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader... Read full review

Merrill Edge

Pros:

No account minimums
Current Bank of America customers experience seamless account integration
Robust research opportunities

Cons:

Platform is not friendly for frequent traders who execute quick trades
No commission-free ETFs available
Market research reports can be hard for beginners to understand

Our Review: (4.3) If you are looking for excellent customer service, competitive pricing, and robust investment options, you may have found what you are looking for in Merrill Edge... Read full review

Get $150 with New Merrill Edge Account

To get $150 bonus, use offer code 900ME when opening a new account. Deposit $20,000 - $49,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs). (Expires 7/15/2020)

Get $225 with New Merrill Edge Account

To get $225 bonus, use offer code 900ME when opening a new account. Deposit $50,000 to $99,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs). (Expires 7/15/2020)

Get $375 with New Merrill Edge Account

To get $375 bonus, use offer code 900ME when opening a new account. Deposit $100,000 to $199,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs). (Expires 7/15/2020)

Get $900 with New Merrill Edge Account

To get $900 bonus, use offer code 900ME when opening a new account. Deposit $200,000 or more within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs). (Expires 7/15/2020)

$100 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $20,000 to $49,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $100 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

$150 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $50,000 to $99,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $150 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

$250 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $100,000 to $199,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $250 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

$600 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $200,000 or more within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $600 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

Stash

Pros:

$1 to invest
Guidance to beginners
Automatically invest extra funds

Cons:

Fees are high for small balances
High ETF expense ratio
Limited research

Our Review: (3.8) Can Stash help make you money? Find out if the investing app is legit and how it compares to apps like Acorns and Robinhood... Read full review

Get $50 After You Deposit $300 in a 30 Day Period

Sign up for Stash and direct deposit at least $300 in a 30 day period into your Stash banking account for a $50 bonus. Debit Account Services provided by Green Dot Bank and Stash Visa Debit card issued by Green Dot Bank, Member FDIC.