$100 OptionsXpress Promo – 2010 [Promotion Bonus]

There is a new OptionsXpress promo where you can get $100 when opening a new account.

You need to open an account (using the link below) with at least $500 by December 31st 2011 and execute 3 trades within 12 months of the account opening. The $100 bonus will be deposited into the new optionsXpress account within one month after meeting the terms and conditions of this offer

Learn how you can get $100 when you open up a new optionsXpress account.

OptionsXpress is a online brokerage that allows you to trade options, stocks, futures, mutual funds, bonds and more in one account. They have a flat rate of $14.95 / trade for stock, but what is even more enticing is that if you are an options trader they charge $15 or a 10 contract option order. Most brokerages charge a flat commission for options then charge an extract dollar per contract. OptionsXpress has included 10 contracts in that price which helps keep commissions low when trading options.

I have an OptionseXpress account that I use for trading options and really like their service. They have an ACH feture where you can link your checking account to move money in and out of your optionsxpress account. They have a fast trade execution which is always important to me when I am trying to put in orders at or near the current stock price.

Another great feature they offer is a virtual trading account where you can practice with fake money. This is nice if you are new to the market and want to play a bit before investing real money.

They have also rolled out an easy to read options naming, where you can easily distinguish your options holdings from your stock holdings. I have never had to deal with their customer service so I cannot comment, however live chat and calling their 1-800 number for help is always available.

If you are looking for a great brokerage and a quick $100 to help with future commisions, then sign up today:
Learn how you can get $100 when you open up a new optionsXpress account.

Optionshouse Promo 2009 Get 100 Free Trades With New Account

There is a new Optionshouse promotion where you can get 100 commission free trades when opening a new account. To qualify for the Optionshouse bonus, you must open a new account with $3000. You will then receive 100 free trades that can be used within 60 days of opening your account. Make sure you fund your account with the $3000 within 45 days of your account approval. You must use the promo code FREE100 when during the account opening process.

Optionshouse is a full service discount brokerage that specializes on options, however they have the lowest stock commission I have ever seen. They let you trade stocks for a flat rate of $2.95 per trade.  Optionshouse is also protected by SIPC insurance. SIPC will cover the securities of customers of its members up to $500,000 of which $100,000 can be cash. This protection does not cover loss due to market conditions however.

I have never used them personally, but with such a low stock trading commission I may consider them as an option for my trading account.

Sign up for a Optionshouse Account

$50 Tradeking Promo Is Back! October 2009

EDIT: This promotion has ended. Their latest promo can be found HERE.

Tradeking is once again having it’s annual Tradeking Promo where you can get $50 when opening a brokerage account. To qualify for the promotion you need to do the following:

• Open a new brokerage account by using the following link –
• Fund the account with $2,500 or more within 30 days of account opening
• Execute any one trade within 180 days of account opening
• NOTE: $2,500 must remain in the account (minus any trading losses) for a minimum of 6 months or the credit may be surrendered

This tradeking bonus ends on October 31st, so be sure to open your account by then! So if you are on the fence about opening an account, getting $50 for free should seal the deal.

For those of you that are not familiar with Tradeking, they offer a flat $4.95 commission on stocks and options. Tradeking was founded in 2005 by the founders of Suretrade.com which was eventually sold to TDAmeritrade. All accounts are SIPC protected, so you can be sure that your money is safe. I’ve had a Tradeking account since 2006 and use it as my primary trading account. Why spend $10 or more for a stock commission with the other guys when Tradeking offers the same service for half as much! There are no account minimums or inactivity fees. (note that in this special case to qualify for the Tradeking Promotion there is a $2500 minimum to get the free $50 but once the 6 months is up, there is no minimum balance). Check out my Tradeking Review for an indepth review of their service.

Some other cool features they offer is an ACH feature where you can move money in and out of your linked checking account. There is also a money market sweep that invests your uninvested money in a money market account that earns interest. They also offer loads of educational material to help you understand the basics of investing with stocks and options in case you are just starting out. I learned how to trade options with Tradeking very quickly using their helpful training tools.

You can also send them any paper stock certificates you have to them and they will add them to your account for free. I had to use this feature once with a stock purchase plan I had for a company I worked at. It was a very simple process and I was able to trade those stocks electronically in less than 2 weeks.

 As a reminder, there is no Tradeking Promotional Code required for this promotion, just click on the link below to see all the details and sign up:

100 Free Trades from ETRADE IRA

If you are like me you have a few 401k retirement accounts sitting around at various employers. Well Now might be the time to consolidate them to a fee free ETRADE IRA.

ETRADE is offering 100 free trades when you rollover your 401k to a new ETRADE IRA account. Your IRA account will be credited up to $12.99 per stock or options trade within eight weeks of qualifying (excluding options contract fees). Accounts must be opened by 12/31/2010 to qualify for this offer.

ETRADE’s IRA does not have any fees other than the usual commissions for stock and option trading. So if you are looking to get those 401k’s into one place, this could be an option for you.

I can’t comment on the ETRADE IRA since I do not have one, but I have a High Yield Savings Account with them and have never had any concerns with their service. I really need to consolidate my 401ks as I have 3 out there and one of the companies is near bankrupcy which causes all sorts of problems trying to get your money out.

More details on the Fee Free ETRADE IRA.

Tradeking Promo – $150 in Transfer Fees Refunded

Update September 2009: This Tradeking Promotion is still active.

There is a new Tradeking Promo that is offering up to $150 to cover the fees of transfering your account from your current broker to try out their service. Follow this link for the promo details: (There is no specific Tradeking Promo Code required if you click through that link) I transferred my account into Tradeking from TD Ameritrade and haven’t looked back since. Unfortunetly they weren’t covering the transfer fees at that time, but it was still worth it to me. Their account transfer process is very simple. All I needed to do was open a new account, complete the transform and fax it in. My account was transfered in less than a week. To get your account transfer fees refunded, faxing a copy of your account statement with proof of the transfer charge to 561.988.0131. The credit will be deposited to your account within 30 days of receipt of evidence of charge. Very easy! From an over all service standpoint, please read see my Tradeking Review. Like I have said in earlier posts I have been very happy with Tradeking and the services they offer. I am in no way a day trader, but for what I need, they can do. They’ve got one of the lowest fee schedules in the business, so if you are itching to get in and buy in a down market, now is the time. And with up to $150 in transfer fees refuneded, this makes it that much easier to switch.

$100 OptionsXpress Promo

If you missed out on the $500 OptionsXpress Promo, don’t fret as OptionseXpress has a $100 referral bonus going on.

Basically what you need to do to qualify for the promo is the same, open an account (using the link below) with a minimum of $500. Make 3 trades and maintain a $500 balalnce for at least 6 months.The $100 bonus will be deposited into the new optionsXpress account within one month after meeting the terms and conditions of this offerI need to refer you for you to qualify for the $100 bonus.

Learn how you can get $100 when you open up a new optionsXpress account.

I just opened my OptionsXpress account during the $500 promo last weekend. So I really can’t comment on their service. Just so everyone is clear, OptionsXpress allows you to trade more than options. You can also trade stocks just like a regular discount broker.

So far the account opening and funding has been very smooth. I hooked up my checking account via their ACH manager and have already transfered in $500. I am just waiting for it to become available so that I can make my first trade.

Here’s to some more bonus money!

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