July 2011 Hot Brokerage Promos

Since the market has turned around a bit many of the online brokerage sites are offering promos to get you to open an account. Now is not a bad time to start investing since the market is still of its highs from last year but seems to be rebounding a bit. Sure we still may be in for a rocky ride, but if you are investing in the long term, now is the perfect time to get going. If you have some extra money to invest I suggest you look at one of these promos prior to signing up with anyone.

Here are a few of the current ones going on:

• Tradeking Promo – Get $50 when opening a new Tradeking account (see post for more details)
• ETrade IRA Promo – Open an ETrade IRA and get 100 free trades. (See post for more details)
• Zecco Promo – Zecco brokerage gives you Get 10 free stock trades every month if you $25,000 balance or make 25 paid trades each month. Otherwise the commission is only $4.50 / trade which is one of the lowest out there. (See more details here
• OptionsXpress Promo – OptionsXpress is giving away $100 when you open a new account with them. (See post for more details)
• Firstrade Promo – Firstrade is giving away 5 free trade when you open a new account. (See post for more details)

$100 Bonus Promotion from OptionsXpress

OptionsXpress brokerage has a $100 bonus promotion going on now where you can get a $100 bonus when opening a new account with them. To qualify for the bonus you need to follow these steps:

• Open an OptionsXpress account before 12/31/2011 by clicking on the following link: Learn how you can get $100 when you open up a new optionsXpress account.
• Make an initial deposit of at least $500
• Keep an average account balance of $500 for six months
• Execute 3 trades within 12 months of opening your account
• The $100 credit will be posted to your account within 30 days of meeting the terms and conditions of the offer
• The $100 bonus will be deposited into the new optionsXpress account within one month after meeting the terms and conditions of this offer

OptionsXpress has a flat stock commission of $9.95 per share and an options commission of $1.25 per contract ($12.95 minimun). OptionsXpress’ commission used to be $14.95 per trade, so they have recently lowered their commissions to become more competitive. They also have a very intuitive user interface and smart phone apps for iPhone and Android so you can trade from anywhere.

Another thing to note is that OptionsXpress is merging with Charles Schwab so you don’t have to worry about the long term viability of the company as they will be folded under a very powerful brokerage house.

I use my OptionsXpress account for options trading since their commissions are so competitive. I have never really had any issues with them. Anytime I need a higher level of options trading access, I call them up and they add it immediately. Like every other discount broker, they offer a free ACH feature where you can transfer money to and from a linked account. No more sending in checks and waiting for your money to be deposited.

If you are looking to open a new brokerage account and wouldn’t mind an extra $100 in your account then Learn how you can get $100 when you open up a new optionsXpress account.

Tradeking Bonus – $50 For New Accounts April 2011

Tradeking has started up another refer a friend bonus. This time it is a $50 bonus with a new account. Unfortuently the $100 refer a friend bonus has expired, but $50 is nothing to ignore if you are looking to open a new brokerage account.

To qualify for the bonus, here is what you need to do:

1. Send a $50 TradeKing Referral To:
2. Your Email Address:(valid email required)

 

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(Budgetcents.net Pledge: your email will not be used for anything other than generating a referral to you)

2) Using the link in the email, open a Tradeking account
3) Deposit at least $1000 into the account within 30 days of opening
4) Make one trade in your account within 180 days of opening the account

Your bonus will post to your account shortly after your first trade. There are a couple things to note on this promotion. You need to keep the $1000 in your account for a minimum of 180 days. The referral bonus must also stay in the account for 180 days.

One of the great things about this deal is that once you open an account, you can immediately start referring your friends. They will get a $50 bonus as well as you for referring them. According to their site, there is no limit to the number of referral bonuses you can receive for referring your friends.

I am a loyal Tradeking user and have switched back to using them for all my trading since Zecco.com increased their trading commissions. I never really liked Zecco’s interface, but used them as they were cheaper. Well now that they have raised their commissions, I am back to using Tradeking.

If you want more detail on Tradeking’s service, take a look at my Tradeking Review

Tradeking Extends $100 Bonus

Tradeking has extended their $100 new account bonus an extra two weeks until April 14th. So if you are looking to open a new brokerage account and would like an extra $100 bonus to do so, then Tradeking may be for you. Details on the bonus here. Also note that if you open your account, you can refer others and receive a $100 bonus when your friends sign up.

For those of you that are not familiar with Tradeking they are a discount broker with a low commission of only $4.95 per stock trade. They also recently have adjusted their options trading prices to be more competitive as well. If you purchase only 8 contracts you only pay the $4.95 base commission plus $.65 per contract, if you buy over 8 contracts then you pay a base of $8.95 plus $.15 per contract. As you can see, if you purchase many contracts at one time Tradeking’s options pricing tier can save you hundreds of dollars over many purchases.

I am a loyal Tradeking user and have moved most of my stuff from Zecco after their removal of their free monthly trades. As the market turns around and the economy starts to pick up, I am hoping that Tradeking will get my retirement moving even faster in the right direction!

$100 Brokerage Promotions

If you are looking to jump back into the market and are looking for a new broker, there are currently 2 active promos where you can get $100 when opening a new brokerage account. Here are the details:

$100 Tradeking Refer a  Friend Promo -  Get $100 when you open a new account, deposit $1000 and make 1 trade within 80 days. (See post for more details) – Note that this offer expires 4/14/11, so open your account today!

OptionsXpress $100 New Account Bonus – Get $100 when you open a new trading account with at least $500 and make 3 trades within 12 months of opening the account. (See post for more details) Note that it was just announced that OptionsXpress will be merging with Charles Schwab, so there is no telling if this offer will expire prior to the 12/31/11 date posted on their site.

I have accounts with both and use Tradeking for stocks and OptionsXpress for options. I really haven’t had any issues with either. I have had to call OptionsXpress’ customer service a few times but everything was resolved quickly.

$50 Tradeking Refer A Friend Bonus

The Tradeking Refer-A-Friend Promotion is back and this time it is twice as nice as last time. Right now when you open a new Tradeking account from a registered Tradeking account holder you can get $50bonus. To qualify all you need open a new Tradeking account, deposit at least $1000 within 30 days and then make one trade within 80 days. That is it.

With Tradking’s commission being only $4.95 per trade, this bonus roughly equates to 10 free Tradeking trades if you choose to use it tht way. Note that the minimum funds of $1,000 must remain in the account (minus any trading losses) for a minimum of 180 days or the credit may be surrendered.

To receive a referral you can either get one from a friend, or I can refer you. If you need a referral, complete the form below and I will get you one as soon as possible

1. Send a $50 TradeKing Referral To:
2. Your Email Address:(valid email required)

 

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(Budgetcents.net Pledge: your email will not be used for anything other than generating a referral to you)

If you want to read up a bit more on Tradeking.com prior to opening an account, check out my Tradeking Review

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