Tastytrade Promotions: up to $5,000 for New Accounts (April 2024)

Tastytrade Logo

If you are an active trader, especially if you are into options trading, Tastytrade is one of the best platforms for doing so.

They are designed for active traders so the emphasis is on features that you’ll need.

This includes an emphasis on speed and tools for the active trader, like quick trades, quick trade adjustments, data, and more.

Also, the pricing is very competitive. No commissions on stocks and ETFs, $1 per contract opening commissions ($10 max) and $0 on closing for options on stocks and ETFs. They have $1.25 per contract on futures contracts on both opening and closing.

Best of all, if you’re opening a new account, there’s a very generous bonus available.

Table of Contents
  1. Tastytrade Promotion – up to $5,000
  2. Who is Tastytrade?
  3. How does this offer compare?

Tastytrade Promotion – up to $5,000

To get the bonus, open and fund a new Tastytrade account and transfer in funds to get up to $5,000 in cash. As long as you transfer in at least $5,000, you can get a $100 bonus. The bonus gets higher the more you transfer, though the top tier is a pretty generous percentage.

The referral/promotion code for this offer is “MYNEWBONUS” and you must put it in the Referral Code Field when applying.

The bonus is based on the amount transferred:

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 – $4,999,999$5,000

This is valid for new Tastytrade customers and existing Tastytrade customers as long as they have not yet funded an account. There is a 12-month withdrawal hold on the initial funding amount to retain the cash bonus.

👉 Learn more about Tastytrade

(Offer expires 12/31/24)

Who is Tastytrade?

If you are unfamiliar with the Tastytrade name (or maybe it sounds familiar but you don’t remember it), it’s because they were once known as Tastyworks. They re-branded in early 2023 to the Tastytrade name while keeping everything else the same behind the scenes.

Tastyworks was founded in 2017 by the same team that created thinkofswim in 1999. thinkorswim, if you call, was acquired by TD Ameritrade in 2009. Tastytrade operated as a brokerage for years and only recently was rebranded into Tastytrade.

This is all to say that Tastytrade, in some name or another, has been around for many years.

How does this offer compare?

When it comes to brokerage bonuses, this is one of the most generous. We have it as our top pick for brokerage bonuses. There may be higher bonuses but not any that give you the top amount for a realistic transfer amount.

For example, if you transfer $100,000 into the follow brokerages, here are their bonus amounts:

If you just want free stock, here are the best offers for those right now:

BrokerageBonus PromotionLink
Tastytrade Logo
🏆 up to $5,000Learn more
up to 12 free stocks from the Brokerage+
up to $3,000 from Cash Management
Learn more
up to 7 Fractional Shares ($35 value)Learn more
free stock (valued $5 - $200)Learn more
Up to $500 cashLearn more
up to $700Learn more

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website.  tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website.  Marketing Agent is independent and is not an affiliate of tastytrade.

tastytrade was previously known as tastyworks, Inc.

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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 Personal Capital, 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.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> 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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