Firstrade Brokerage Refer-a-Friend Program, 5 Free Trades

Discount stock broker Firstrade has an ongoing “Refer-a-Friend” program which allows referred new customers to receive 5 free trades if they open a new account with at least $2,000 (cash or assets from another broker) within 30 days of opening and make one trade within 30 days of initial deposit. Commission-free trades must be used within 30 days. The referring accountholder will get a $50 account credit.

I have an account with FirstTrade, so if you are a new customer and would like a referral, please use my contact form and be sure to mention Firstrade referral in the note. Please also make sure your e-mail is correct.

Fine print:

Qualifying Offer Terms:
Referral must be entered through the Refer-a-Friend webpage. The referee will receive an e-mail notification with a promotional code. The promotional code must be activated at the time of the new account online application in order to be eligible. The referee must open a new Firstrade account and deposit $2,000 (or transfer assets from another brokerage firm with market value of $2,000) within the first 30 days of opening the new account and execute at least one equity (stock) or options trade within 30 days from the initial deposit date.

Referral Credit Payment Terms:
Once the referee deposits the qualifying $2,000 deposit, s/he will have 30 calendar days from the deposit to use their five commission free trades. Unused free trades will expire after this 30 day window and cannot be transferred or carried over. Firstrade will rebate the commission of up to $6.95 per stock or options trade for the referee, up to a maximum of five (5) trades. Standard commission will be charged at the time of the transaction and the account will be credited with the commission rebate within eight weeks of account funding. Fixed income and mutual fund orders are excluded from the commission-free trade offer. Eligible $50.00 credits are posted to the account within eight weeks from the referee’s account funding and qualifying equity trade. Referral credits and the initial deposit must be maintained in the account for a minimum of six months. Otherwise, the credits may be reversed if the initial deposit is withdrawn or the account is closed or transferred. Due to IRS regulations, only non-retirement accounts are eligible to receive the $50.00 referral credit and/or the commission-free trades. Excludes non-resident alien accounts. The referee may elect to opt-out of the offer and no referral credit will be issued under this circumstance. Both the referrer and the referee must maintain accounts in good standing. Accounts with prior special arrangements with Firstrade do not qualify. Firstrade reserves the right to void a referral, without prior notice. Firstrade reserves the right to modify or terminate this offer without prior notice. Limit one offer per household.