Review
Updated
Fact Checked
Ashley Maready
TradeStation likes to offer special promotions to new members. Below are its current promotions, including how much you could earn.
Transfer Bonus: Earn up to $3,500 by transferring funds into a new TradeStation account with promo code TSTVAGFD
Open Account for TradeStation
On TradeStation's Secure Website.
Ratings Methodology
Rating image, 4.0 out of 5 stars.
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Fees:
$0 stock trades
Account Minimum:
$0
Special Offer
New accounts with qualifying assets earn $50 to $5,000 using code FOOLAFYJ
Open Account for TradeStation
On TradeStation's Secure Website.
How you earn it: Open a new account and enter promo code TSTVAGFD. Transfer $5,000 worth of cash or securities into your account to earn the minimum cash bonus.
How you qualify: Only new TradeStation users opening taxable brokerage accounts qualify for this promotion. IRAs are not eligible. If you've already claimed another TradeStation promo, you're probably not eligible for this one.
Details: The more you transfer, the more you earn. Here's the breakdown:
| Deposit amount | Cash bonus |
|---|---|
| $5,000 | $150 |
| $25,000 | $300 |
| $100,000 | $500 |
| $250,000 | $1,000 |
| $500,000 | $2,000 |
| $1,000,000 | $3,500 |
Data source: TradeStation.
After enrolling in the promotion, you have 45 days to fund your account to earn the bonus. If you make multiple transfers within 45 days, it'll count as one transfer for this promotion. Importantly, you must refrain from withdrawing or transferring your deposits for 270 days after the promotion ends. Otherwise, TradeStation may reduce or cancel your cash bonus.
Offer expires: TBD
Discounted Futures Bonus: Earn a 50% discount on futures trading by entering code FUTRAFZT at sign-up
How you earn it: Enter code FUTRAFZT when signing up for a new account.
How you qualify: New users who have never opened a futures account with TradeStation qualify. This promo is mutually exclusive with other sign-up bonuses, including the IRA Discounted Futures Bonus covered below.
Details: This bonus reduces TradeStation per-contract fees of futures from $1.50 to $0.75 per side and micro-futures from $0.50 to $0.25 per side. A fee of $1.50 per side is similar to what big brokers charge, but it's steep compared to the best futures trading platforms. A $0.75 contract fee is more in line with what top competitors offer, and unlike TradeStation, many don't require you to enter a promo code. IRAs and individual and joint future accounts are eligible for this promotion.
Offer expires: TBD
IRA Discounted Futures Bonus: Earn a $0.85 discount on IRA futures trading by entering code 0035AEZP at sign-up
How you earn it: Enter the code 0035AEZP when signing up for a new account.
How you qualify: New TradeStation users qualify. Since the TradeStation website is light on details, we contacted customer service, who claimed TradeStation promo codes are mutually exclusive. If you enter another promo code at sign-up, don't expect to qualify for this one.
Details: TradeStation typically charges futures per-contract fees of $1.50 per side, so this discount is significant for TradeStation users. However, $1.50 per side is similar to what big brokers charge, but it's steep compared to the best futures trading platforms. A $0.65 contract fee is more in line with what top competitors offer, and unlike TradeStation, many don't require you to enter a promo code. Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs are eligible for this promotion.
Offer expires: TBD
What else should you know about TradeStation bonuses?
Online stock brokers update bonuses frequently. Check in every once in a while to stay on top of TradeStation promotions.
Are TradeStation promotions worth it?
New TradeStation users may find these promotions compelling.
The Transfer Bonus is worth considering if you want to move at least $5,000 onto the TradeStation platform for the foreseeable future. It's easy money. But the bonus is less than 2% of whatever you deposit, so it probably won't make a massive difference. Unlike some competitors, TradeStation makes you wait 270 days post-promotion to get your deposit, which delays you from putting that money to work.
The Discounted Futures Bonus is worth considering if you trade futures. It's easy to get, and the discount makes TradeStation's per-contract fees competitive with top futures platforms.
The IRA Discounted Futures Bonus is worth considering if you want to trade futures exclusively through your IRA. The discount on futures is the steepest one TradeStation offers. However, it doesn't include a discount on micro futures. Micro-futures traders should use the Discounted Futures Bonus promo code instead for the best deal.
Alternatives to Consider
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
| Account | Fees | Account Minimum | |
|---|---|---|---|
|
Featured Offer
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
$0 for stocks, ETFs, and options; $5 monthly for Robinhood Gold | $0 | |
|
$0 for stocks, $0 for options contracts | $0 | |
Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
$0 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1 | $0 |
FAQs
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You get the Transfer Bonus 270 days post-promotion.
Upon signing up with the promo code, you get a Discounted Futures Bonus immediately.
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New users can get TradeStation bonuses once, upon signing up. New user promotions are mutually exclusive.
Our Brokerages Experts
Cole Tretheway is a full-time personal finance writer whose articles have been featured on The Ascent and The Motley Fool. He has a degree in English with a Certificate in Professional and Technical Communication from California Polytechnic University, SLO.
Fact Checked
Ashley Maready
Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
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The Motley Fool has a disclosure policy.
Fidelity disclosure
Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.