Stock Broker Promotions for August 2020

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
Commission-Free Stock Trades
With no minimum account balance and no minimum trade activity
$3,500 Cash Bonus
New customers can receive up to $3,500 cash bonus for opening an Ally Invest account. Accounts must be funded within 60 days of opening. The qualifying deposit must come from outside Ally Financial. (Expires 12/31/2020)
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)
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)


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 is better than its competitors? Read our in-depth review and see how it compares... Read full review
Learn more about E*TRADE

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
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

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 (worth between $2.50 and $200)
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
$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
Sign Up and Get $5
Sign up online and add at least $5 to your account.
Early Payday
Get access to direct deposits in your account for as early as 2 days before your actual payday.


Acorns
Pros: No minimum investment Invest with spare change Cash-back 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

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