If you are looking for a new brokerage account, then check out the promotion E*TRADE is currently offering. New E*TRADE customers are eligible to receive a cash bonus of up to $2,500 when they open a new account and meet minimum deposit requirements and other criteria.
To earn the cash bonus, accounts must be funded within 60 days (cash bonus depends on the amount transferred to E*TRADE within the qualifying time frame). Let’s take a look at these offers in more detail.
E*TRADE Cash Bonus – up to $2,500
How to Qualify for the E*TRADE Bonus
This is how to qualify for the E*TRADE bonus:
- You must be a new E*TRADE customer. This offer is not open to current customers.
- You must make a new deposit or transfer of cash or securities within 60 days of enrolling in the offer.
- This must be a non-retirement brokerage account.
- The new funds must remain in the E*TRADe account (minus any trading losses) for a minimum of 12 months, or you may be required to surrender the cash credits.
Deposit Amount – (Cash Bonus)
Depending on how much you deposit, you can receive up to a $2,500 bonus on your initial deposit. The cash bonus and corresponding required deposit are below:
- Deposit: $5,000 – $24,999 – ($100 cash bonus)
- Deposit: $25,000 – $99,999 – ($200 cash bonus)
- Deposit: $100,000 – $249,999 – ($300 cash bonus)
- Deposit: $250,000 – $499,999 – ($600 cash bonus)
- Deposit: $500,000 – $999,999 – ($1,200 cash bonus)
- Deposit: $1,00,000 or more – ($2,500 cash bonus)
Additional Details on the E*TRADE Cash Bonus Offer
Here are additional details for these promotions:
- Offer valid for one new E*TRADE Securities non-retirement brokerage account opened by 1/06/2020 and funded within 60 days of account opening with $5,000 or more.
- This offer is not valid for retirement or E*TRADE Bank accounts.
- New funds or securities must: be deposited or transferred within 60 days of enrollment in offer, be from accounts outside of E*TRADE, and remain in the account (minus any trading losses) for a minimum of 12 months or the credit may be surrendered.
- One promotion per customer.
- E*TRADE Securities reserves the right to terminate this offer at any time. Consult your tax professional regarding limits on depositing and rolling over qualified assets. Other restrictions may apply.
How the Cash Bonus is credited to your account:
- Once account deposits reach $5,000 your account will receive $100 within 7 days.
- An account deposit or deposits totaling $1,000,000 or more will receive $2,500 within 7 days.
- At the end of the 60-day window, your account will be credited in the aggregate for new funds deposited or transferred into your new enrolled account within one week of the close of that window in accordance with the table below.
- So, for example, if you deposit $5,000 when you open your account, you will receive $100 within 7 days and if you have deposited a total of $25,000 at the end of the 60 day window from account opening, you will receive another $100 (for a total of $200)
E*TRADE is one of the oldest online brokerage firms in the US, with a long history of awards, including multiple selections by Kiplinger Managzine for Best Brokerage for Mutual Fund Traders in 2019, as well as top 5 finishes in multiple categories. For more information check out this E*TRADE Online Brokerage Account Review or visit the E*TRADE website.
There is a reason that E*TRADE has been named one of the best brokerages in America. They are great for new investors and frequent traders alike.
Commission Free Trades at E*TRADE
E*TRADE recently eliminated retail commissions for online US-listed stock, ETF, and options trades. That means you can trade stocks, options, and ETFs at E*TRADE for free.
The free stock trades do not cover the cost of options contract fees. Options contracts are $0.65 each, and Futures contracts are $1.50.
Not only do they have low trading fees, but they also don’t have any annual or inactivity fees. For a majority of firms, this is very rare. Most firms are going to charge you monthly or annual fees for having an account.
Another area that E*TRADE really excels is with its investing tools that you can use. They have several different resources like free market data, market commentary, research stock screeners, and much more. All of these will help you make the best choices for your investments.
When you log onto your E*TRADE account, then you’re going to see all of your accounts, you can view the streaming market data, make stock trades, and create a watch list. They make it easy to see all of your trades and account info in one place instead of having to go to several different pages.
E*TRADE is one of the best places to start your investment portfolio of you’ve never invested your money before. Their site makes it easy to manage your investments and track your money.
How E*TRADE Compares to Other Brokerages
E*TRADE is a highly rated brokerage firm and has earned many industry awards and recognition as a top online brokerage firm. They also offer many other services not found elsewhere, such as their bank.
You can compare E*TRADE to some other brokerages on our brokerage comparison page for more information.
The Importance of Investing
You’ve worked hard for your money, it’s time that you let your money start working for you. If you want to reach your retirement dreams, then investing is one of the best things that you can do.
The days of being able to rely on a pension are long gone. Having a company-sponsored 401(k) is a great start, but in most cases, that 401(k) won’t be enough. Luckily, there are online brokerage firms like E*TRADE to help you achieve your retirement dreams.
One of the best benefits of E*TRADE is that they help you make the most of your investment money. Not only do they have experienced customer service and low fees, but they are also going to allow you to take advantage of those free stock trades. One of the most important factors that you should look at when you’re creating an investment account with a brokerage firm is how much will you be able to get out of your contributions?
Investing for Beginners
If you’re worried about starting your investment journey and you don’t know where to start, there are plenty of sites that you can use that will make it as easy as a few mouse clicks. Thanks to the Internet, investing your hard-earned money has never been easier. If you’re a rookie in the investment waters, don’t worry, there are some resources that you can use to keep you from drowning and making a lot of the mistakes that most people make.
If you don’t want to spend hours and hours researching different options, and you’re scared to pick the investments yourself, then Betterment could be the best option for you.
With Betterment, all that you have to do is create an account, establish what your financial goals are, and then start making contributions.
After that, their robo-advisors will handle the rest. Using their algorithms and your goals, they will invest your money into a variety of different avenues. As you continue to earn money on your investments and get closer to your goals, the robo-advisors will automatically distribute your money accordingly. Because of the good average return-of-investment rates that they have, Betterment is one of the best options for anyone that’s new to investing or doesn’t want to be as hands-on with their investment portfolio.
Regardless of which investment brokerage firm that you use, it’s important that you start investing as soon as possible. The sooner that you get started, the more potential that you’ll have.
If you have any questions about E*TRADE or any other brokerage firms, please feel free to contact me at any time. I would love to answer those questions for you and help you make the best decisions for your hard-earned money.