TradeKing $50 New Account Bonus: No Promo Code or Referral Required

Online discount broker TradeKing has brought back their $50 sign-up bonus for new accounts, no promotional code or referral required. You must open with $2,500 and make one trade within 30 days. Offer expires 1/31/11.

To qualify for this offer, new accounts must be opened and funded with $2,500 or more. Account funding must occur within 30 days of account opening, and one trade must be executed within 180 days of account opening, for account to qualify. Offer is not transferable or valid in conjunction with any other offer. Open to US residents only. One offer per household. TradeKing can modify or discontinue this offer at anytime without notice. The minimum funds of $2,500 must remain in the account (minus any trading losses) for a minimum of 6 months or the credit may be surrendered.

If you transfer an account of $2,500 value or greater over to TradeKing, they will also refund up to $150 in account transfer fees charged by your old broker.

TradeKing will credit your account transfer fees up to $150 charged by another brokerage firm when completing an account transfer for $2,500 or more. Offer applies to new non retirement accounts funding for the first time. Credit will be deposited to your account within 30 days of receipt of evidence of charge.

TradeKing offers $4.95 trades with no minimum balance requirement or inactivity fees. I’ve been using them for a while, they are a good basic broker for ETFs and dollar-cost-averaging. For more information, please check out my TradeKing Review. One recent development is that they now require a 5 business day hold on incoming ACH bank transfers before you can trade, if the transferred amount is greater than your existing balance. If you have a $5,000 balance and transfer in $1,000 then there is no hold.

Alternatively, it’s more hassle but if you only want to open up with only $1,000, you can also get a $50 opening bonus with a a referral from an existing member with their Refer-a-Friend promotion. The referrer gets $50 as well. I have an account and if you’d like a referral, please contact me.

If someone you refer funds a new account with at least $1,000 and executes a trade, we’ll deposit $50 into both of your accounts.

Find more in Deals & Offers, Investing | 8/2/10, 3:49pm | Trackback