With most brokerage account bonuses, the offer is only available to new customers. But with Citi Wealth Management, offered by Citibank, both new and existing Citi customers are eligible for the bonus. To qualify, you must deposit at least $50,000 into a Citi Personal Wealth Management account in new-to-Citi money. The popularity of online brokers stems from their convenience, cost-effectiveness, and accessibility.

Bonuses are paid based on the one-time amount that you transfer, and the assets must remain in your account for 180 days. The bonus will be paid within 14 days of the last day of the month in which the transfer cleared to SoFi. At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict
editorial integrity,
this post may contain references to products from our partners. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. Dayana Yochim is a Senior Writer/Editor at Reink Media Group who has written about personal finance and investing for more than 20 years.

  • You’re ready to start investing – let’s get you started off on the right foot with a brokerage account bonus.
  • It offers $0 stock and ETF trades, $0.65/contract options trades, $2.25/contract futures trades, and 3,600+ NTF mutual funds.
  • You’re limited to one award per person, and cannot have taken advantage of this offer when it was previously available.
  • The cash will be deposited into your account about a week after you make the qualifying deposit.
  • You also will need to enroll in e-delivery of statements and then keep those funds in the account through the end of the next month (or three months after the month of account enrollment).

EToro also offers access to commission-free stocks, ETFs, and options trading, and also carries a number of cryptocurrencies. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. It’s easier than ever to invest in stocks with very little money, in large part because a growing number of brokerages and robo-advisors offer fractional shares. These allow you to buy a small piece of a stock share, instead of the entire share. That means rather than needing hundreds of dollars to buy a pricey stock, you can invest in many companies at amounts as low as, say, $5. There’s good news for investors — the primary fees charged by brokers, known as trading fees or commissions, have gotten much lower in recent years.

Best Online Brokers Of December 2023

Trading costs definitely matter to active and high-volume traders, but many brokers offer commission-free trades of stocks and ETFs. Other factors — access to a range of investments or training tools — may be more valuable than saving a few bucks when you purchase shares. What kind of online brokerage account you should best brokerage account deals open depends on your financial goals. For example, if your goal is to save for retirement, you should consider a tax-advantaged account like an individual retirement account (IRA). However, if you’re investing money that you plan to use before retirement age, then you might opt for a taxable brokerage account.

As you can see in our table above, all of the brokers we’ve included here charge no trading commissions. The expiration date usually means the date by which you must open a new account to qualify, so work backward from there. Once the account is open, you’ll need to complete all qualifying activities within a certain period of time. You may also need to maintain a minimum balance beyond the qualifying activity deadline before you can officially receive your bonus. Open and fund a new Webull account in any amount to get up to 12 free fractional shares with a qualifying deposit.

  • Securities regulators require all brokerage firms to know their clients—even online brokers.
  • A diverse range of tradable assets allows for greater flexibility in building your investment portfolio.
  • So if you’re relatively new to investing and don’t plan to monitor your account regularly, it’s typically best to stick with a cash account.
  • Dayana has also been a guest expert on “Today” and Good Morning America.

Top-tier new brokerage account promotions dwarf the leading bank and credit card promotions — promising thousands to new customers bringing substantial assets to the table. TD Ameritrade is an online broker that offers low fees and access to a professional level trading platform. TD Ameritrade also caters to beginners, with a super simple mobile app and access to stocks, ETFs, and other investments. But professionals can use TD Ameritrade’s thinkorswim trading platform for one of the best all-around trading experiences available. If you prefer to actively manage your own investment portfolio, an online brokerage account is essential.

To find out how much you’ll get, you can link up your accounts using Plaid and they will give you an exact dollar amount. TradeStation has a new account bonus where you can get $150 in cash or $150 in Bitcoin. No deposit (for the stock, you need to deposit for the cash), no transfer, no nothing.

Best Brokerage Promotions & Bonuses 2023

You can read more about our editorial guidelines and the investing methodology for the ratings below. To get this, you need to open an account on the promotional page and then fund that account with at least $50 in 30 days. The stocks are “Schwab Stock Slices,” which are simply fractional shares of stock, and you get them on the next trading day.

Best Brokerage Accounts for Stock Trading of December 2023

An early adopter of new investing products, Fidelity provides fractional share trading for over 7,000 U.S. stocks and ETFs. Rival Charles Schwab only provides fractional shares for S&P 500 stocks. Fidelity also distinguishes itself in the area of international stock trading, offering access to the markets of 25 countries. With $0 commissions the new norm among discount brokers, identifying the players that offer the best value is more challenging. For years, they had an offer where you could get up to $3,000 (if you had over a million dollars in assets to transfer!) and 60 days of free trades if you open a non-retirement brokerage account.

Many top brokers offer account bonuses based on the size of your initial deposit. For substantial deposits, these bonuses can range from hundreds to thousands of dollars. A reputable broker goes beyond trade execution, providing valuable assistance in decision-making and investor development through high-quality research and educational resources. Some brokers offer 24/7 live support via chat and phone, while others provide assistance solely through email. Remember that investing in stocks involves risk, and it’s essential to diversify your portfolio and consider your risk tolerance before making any investment decisions. If you are new to investing, it can be helpful to consult with a financial advisor before buying stocks online.

What Assets You Can Trade with Cheapest Trading Platforms

It is important to supplement trading decisions with thorough research and stay informed about market trends and news. ​​Cheap online trading offers an opportunity for individuals to engage in financial markets with minimal costs. This form of trading allows traders to access various financial instruments, such as stocks, commodities, currencies, and more, without incurring high fees or expenses.

best online brokerage accounts of 2023

Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Read Benzinga’s Best Online Brokerages to find the brokerage that works best for you and your trading style. Jacob is a nationally-recognized personal finance writer and has written for The Balance, The Spruce, LendingTree, Hedge With Crypto, Investopedia, Money Under 30, and other widely-followed sites. He is an expert in teaching others how to budget, save money, pay off debt, and invest, and loves to help others find the best ways to manage their money. Once you receive the bonus amount, SoFi will convert it into a “stock bit”, which is a fractional share of your choice. You will need to use the code FIDELITY100 when opening your account to qualify.

J.P. Morgan Self-Directed Investing promotion

We assessed numerous brokers, taking various factors into consideration. Traders will be able to execute trades without incurring significant costs. The platform’s customizable features and quality research materials make us recommend it to both new and experienced options traders. We also enjoyed the broker’squality educational resources and a demo account.