OptionsHouse has a new promotion where you can get a free Amazon Kindle Fire if you open a new account with $10,000 and make 15 trades within 90 days of funding. Use the promotional code FIRE. You must keep the $10k there for 180 days after original funding date. Expires December 31, 2012.
Trades are cheap at $3.95 per trade, so 15 trades would cost less than $60. The Kindle Fire costs $199. Assuming you did everything in a timely manner and ignoring any trading profits or losses, you’d be netting $140 or so on a $10,000 investment in 6 months, much more than the 1% a savings account is paying right now for an entire year. This is not a crazy-hot bonus, but is a good one if you’re already in the market for a new discount broker. I have an account at OptionsHouse and it satisfies all my requirements of a broker.
More fine print:
(1) The free Kindle Fire promotion applies only to newly funded OptionsHouse customers who initially fund their account within 60 days of completing the application. To be eligible for the Kindle Fire, you must satisfy both of the following requirements: (1) Fund a new OptionsHouse account with a minimum of $10,000 for a cash or margin account using promo code FIRE; (2) Make 15 commissionable trades within 90 days after funding your new OptionsHouse account. Note: Commission-free trades do not qualify toward the 15 trades. Fulfillment of the free Kindle Fire will occur within 30 days once both requirements are fully satisfied. Limit one promotional item per household please.
By Jonathan Ping | Deals & Offers | 12/1/11, 12:31am