E*TRADE Bonus Promotions: up to $6,000

If you’re here to find out the terms of their new bonus offer – you’re in the right place.

They are currently offering up to $4,000 when you open an account and transfer in funds. More details on that below.

For those who may not have heard of E*TRADE before, it might surprise you to learn that the E-Trade Financial Corporation, often shown as E*TRADE in marketing materials, was founded in 1982. They’re now a subsidiary of Morgan Stanley, a well-known multinational investment bank and financial services company, and publicly traded on the New York Stock Exchange.

When I first started investing, E*TRADE was one of the first brokerages I’d heard about. I still remember their famous Super Bowl ad – we wasted $2 million dollars:

E*TRADE may have spent $2 million on that ad but they still have enough money left over to give out to new customers.

Let’s see the details:

Table of Contents
  1. E*TRADE New Account Bonus – up to $4,000
  2. How Does This Bonus Compare?

E*TRADE’s bonus offer is broken up into two terms:

  1. New customer opening only one account (New Account Bonus)
  2. Existing customers or new customers opening more than one account (Existing Account Bonus)

Here are the details of each:

E*TRADE New Account Bonus – up to $4,000

E*TRADE has a new account bonus of up to $4,000 when you transfer in a large sum. Remember to use the promotion code , which should be populated when you open the account through the linked page below.

Once you open an account, transfer in new funds within 60 days and your bonus will be calculated based on the table below. You can deposit cash or securities, as long as they are from an external account and made within 60 days of account opening.

This offer is only for a self-directed brokerage non-retirement account and you must keep the assets in the account for at least six months.

Deposit AmountBonus Amount
$1,000 – $24,999$100
$25,000 – $49,999$150
$50,000 – $99,999$200
$100,000 – $199,999$300
$200,000 – $499,999$600
$500,000 – $999,999$1,000
$1,000,000 – $1,499,999$2,500
$1,500,000+$4,000

E*TRADE is one of the many brokerages that now offer free trades. For years, their new account promotion include free trades but now everyone gets them!

👉 Learn more about this offer

(offer expires 7/31/24)

How Does This Bonus Compare?

We list a lot of brokerage promotions and this offer from E*TRADE is not as generous as some of the others we’ve seen.

For example, this offer from TastyTrade is way better. You can get up to $5,000 and it’s valid for new or existing customers. The tiers are more generous too:

Deposit AmountCash Bonus
$2,000 – $4,999$50
$5,000 – $24,999$100
$25,000 – $99,999$500
$100,000 – $249,999$2,000
$250,000 – $499,999$3,000
$500,000 – $999,999$4,000
$1,000,000+$5,000

The lowest E*TRADE starts lower, at just $1,000, but once you hit $25,000, the bonuses are wildly divergent. TastyTrade will give you $500, whereas E*TRADE only offers you $150. And the amounts get even better as you go up in deposit amounts.

And TastyTrade isn’t a brand new brokerage looking for customers – they were founded in 2011.

E*TRADE is a fine brokerage, but their bonus needs some work to be competitive with others.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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