Sharebuilder has a new promotion offering free window trades for all of 2010 if you open an IRA with them before April 15th (1,500 max). These usually cost $4 each, $12/month for 6, or $20/month for 20. Thanks to reader Ron for the tip.
Open an IRA before 4/15/10 to receive 1,500 Automatic Investment Plan credits. The trade credits will be posted to your account the next business day and will expire on 12/31/10. This offer applies to Individual Retirement Accounts only. AIP credits for mutual fund purchases apply only after the minimum investment has been met.
It is important to note that these Automatic Investments are not real-time market/limit trades that most brokerages offer, but market orders that only execute in batches once a week on Tuesdays. In most cases, this is best suited for people gradually dollar-cost-averaging into ETFs or widely-traded stocks. If you want to do an ACAT transfer out, it will cost you $75.
For taxable accounts, Sharebuilder is offering a $50 cash bonus as long as you open a new account with $50 by April 16th with promo code 50WCFA. It doesn’t appear that you even need to make a trade.
You must open a new account with ShareBuilder and deposit at least $50 to be eligible for this promotion. Initial deposit must be completed by 4/16/10. ShareBuilder will deposit a $50 bonus approximately 4-6 weeks after your first $50 deposit. The $50 bonus offer is available for Individual, Joint and Custodial accounts only.
For more background, you can see my slightly-dated Sharebuilder review as well as a follow-up post on a possibly better way to invest with them.