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Sharebuilder Promo Code – $50 Cash Bonus

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Uppate! New ShareBuilder Promo code available!

ShareBuilder is one of the most popular online discount brokerage firms, with $4 automatic trades and a host of other attractive features. They are also popular because they frequently offer promotional and coupon codes good for free trades or a sign up bonus, usually from $25-$50 for a new account.

ShareBuilder Promo Codes – $50 Cash Bonus

ShareBuilder Promo Code - $50 sign up bonus!Once upon a time, ShareBuilder allowed people to open multiple accounts and I knew people who had several ShareBuilder accounts; they would sign up to get a free $50 sign up bonus, make one trade, then leave the account dormant and repeat the process. ShareBuilder now limits each person to only one account, but they still offer the sign up bonuses and coupon codes from time to time.

The current promo code is good for a $50 sign up bonus when you open a new ShareBuilder account and deposit a minimum of $2,000. Here is the promo code:

  • $50 ShareBuilder Sign up Bonus: Use promotion code 50LSQ3.
Fine print:

You must open a new ShareBuilder account and deposit $2,000 or more to be eligible for this promotion. Initial deposit must be completed by 9/30/12. ING DIRECT Investing will deposit a $50 bonus approximately 4-6 weeks after your first $2,000 deposit. The $50 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRAs or ESAs. The $50 bonus is not available for withdrawal for 90 days after it is awarded to your account. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder account bonus per unique customer or custodial beneficiary. We reserve the right to terminate this offer at any time and to refuse or recover any promotion award if we determine that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of our Account Agreement have been violated. Offer expires 9/30/12.

ShareBuilder also offers other bonuses from time to time, depending on which type of account you open. For example, the above promotion is only good for certain types of accounts, but it doesn’t include IRAs or Educational Savings Accounts. Some additional ShareBuilder offers follow:

ShareBuilder $100 Transfer Reimbursement

Many brokerage firms will reimburse customers for the cost of moving their investments to their brokerage firm. It’s good business for them because new customers are great for the bottom line. It’s also great for the new customer because consolidating your accounts makes planning and asset allocation much easier to manage! Right now you can receive up to $100 reimbursement for transferring your investments to ShareBuilder from another broker.

How to receive a transfer reimbursement from ShareBuilder:

  1. Open a ShareBuilder account, or Log in
  2. Print and complete an Account Transfer Form
  3. Activate your $100 bonus in an eligible account
  4. Mail or fax a signed transfer form and a copy of your most recent statement to ShareBuilder

ShareBuilder IRAs

About ShareBuilder IRAs. ShareBuilder is a great place to open your IRA as there are no account fees, inactivity fees, annual IRA fees, or account minimums to drag down your investments. It’s even better when you use automatic investing to make inexpensive stock trades with ShareBuilder.

How Automatic Investing works

ShareBuilder-Welcome page


Published or updated October 29, 2012.
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{ 11 comments… read them below or add one }

1 basicmoneytips

I actually have a Sharebuilder account and I have been reasonably pleased with it. It is useful because I have an ING savings account and you can link them so it makes transfering easy. If course I know you can link accounts on all of them too.

In the last 6 months I have traded options thru that account and it is a bit pricey. There is a charge for not only trade but for each contract. Because of this I will probably consider TradeKind down the road.

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2 Ryan

BMT, I also like that you can link the ShareBuilder and ING accounts, which is a great feature. You can make instant money transfers, which is great if you want to take advantage of same day trades (most brokerages take 2-3 business days to complete an ACH transfer).

But the pricing schedule pushed me away from ShareBuilder. The scheduled purchase plan comes in at $4 for a trade, and it has to be set up for an automatic purchase. I can go to TradeKing and make the same trade any day of the week for $4.95. Options transfers are only $0.65 per options contract. That kind of flexibility and lower cost for real time trades (and the host of other features) makes TradeKing a winner in my book! Here is a full TradeKing review for more information.

By the way, TradeKing is also offering a $50 cash bonus for new customers if you are interested in opening an account.

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3 Tracy

I think you got a little bit burned by ShareBuilder. I mean most stock trading companies have a ton of fees for trading. Like everything else in life fees add up and you loss money instead of gaining it. The market itself is still shaky and its just not a good time to be investing in the stock market.

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4 Ryan

I didn’t get burned, Tracy. I opened this account over 3 years ago and I got $50 in free stock. It was my fault for choosing poorly! I could have left the stocks in the account forever, but I decided to liquidate the account to simplify my accounts.

ShareBuilder racks up fees if you make a lot of real time trades, but if you plan on buying and holding, then it can be an affordable option. I currently prefer other options, however, because they are more affordable for real time trades.

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5 Lynn

Just an FYI – the code for the real time trades has expired and does not work.

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6 Ryan

Thanks for the info, Lynn. I did this about two weeks ago, but was slow publishing the article. I’ll see if I can find another code out there. I’ll be quicker to publish next time! :)

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7 Lynn

Oh, I just wanted to add that I use sharebuilder to buy stock for my children. I signed up myself using a promotion from Costco ($70) and then signed up my 2 children with acocunts and also got the bonus. Now I just buy “fun” stocks for the kids – McDonald’s, Hershey, Disney etc. At the beginning of the year they sent me a code for 12 free trades for each of my accounts (not real time but I don’t care about that) and now I just add a little bit of money and can make small trades as I want. I don’t plan on liquidating the shares anytime soon so maybe the trades will be free by the time the kids decide to cash their accounts out.

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8 Ryan

Sounds like a great plan, Lynn. ShareBuilder is a great place to buy stocks, especially if you plan on holding onto them for a long time. Hopefully they will change their fee structure in the near future to make them a better option for folks who trade more frequently. I think they are missing out on some business by charging more for real time trades than their competitors!

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9 jordan

Not to mention, in ShareBuilder’s latest contest (ended August 6th) they encouraged fraud and cheating. Read about it in this article: http://ireport.cnn.com/docs/DOC-478946 Never ever do business this company.

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10 Ryan

Jordan, I read the article, and I bet there is more to the story than meets the eye. I don’t doubt there were people involved with buying votes, but the odds it was sanctioned by ShareBuilder are very low. It was probably a situation that wasn’t covered under the rules and ShareBuilder’s lawyers probably advised them not to pursue disqualifying those votes out of fear of a lawsuit (The iReport didn’t have a link to the rules and I wasn’t able to find them on ShareBuilder’s FB page). This is a situation where it is cheaper to pay the people off, then rewrite the rules for next time. Keep in mind many large corporations still don’t understand social media and the lengths people will go to to bend rules and leverage any available opportunity.

Based on the article I read, and ShareBuilder’s responses, it doesn’t seem to me like they encouraged fraud and cheating, rather than they allowed it because it wasn’t against the rules… and therefore by the rules may not have even been fraud or cheating, even if it was an undesired method of gaining votes.

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11 Grant

As of 11/10/10, the “HVC09NY” promo code doesn’t seem to be working on either my taxable or non-taxable (roth) brokerage accounts. Just a heads up.

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