Broker promotions

When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available.

No deposit forex bonuses

Top 10 Best Forex Brokers with Bonus and Promotions for 2021, broker promotions.

Here is a more detailed look at exactly the kind of bonuses that are offered by brokers: there are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.

Top 10 best forex brokers with bonus and promotions for 2021

Top rated:

Are you on the lookout for the best forex brokers with bonus and promotions to offer?

They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.

With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.

Are these bonuses really free money?

Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?

Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.

What should I check when choosing a bonus?

There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.

First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.

Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.

Top 9 forex brokers with bonus and promotions

Here are the top 9 forex broker bonus and promotion offers we have found available:

1. FBS

FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.

At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.

XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.

Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.

Please note that these bonuses may not be available with every XM entity

3. Instaforex

Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.

Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.

4. Fxopen

The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.

Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.

5. Roboforex

Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.

The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.

6. Hotforex

Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.

Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.

Please note that these bonuses may not be available with every XM entity

7. Octafx

Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.

These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.

8. FXTM

FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.

At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.

9. Vantage FX

Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.

Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.

Different type of bonuses

When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:

Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.

Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.

Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.

Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.

Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.

Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.

Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.

Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.

Why do brokers offer forex no-deposit bonuses and other bonuses?

There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.

This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.

Tips on how to choose a bonus and a broker

If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.

Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.

Best brokerage account bonuses in january 2021

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Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It’s important to know the best offers so that you can decide whether it’s a good time to open a brokerage account and take advantage of what is often risk-free cash.

Here bankrate tracks the best brokerage account bonuses to help you compare active offers.

Best brokerage account bonuses in january 2021

Ally invest: $50 to $3,500

Merrill edge: $150 to $900

Charles schwab: $100 to $500 (personally referred friend offer)

E-trade: $50 to $2,500

Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus

New ally invest clients can earn up to a $3,500 cash bonus if they open a new account by march 31, 2021. The qualifying deposit must contain funds from outside of ally financial, and a person can only get the offer on one new ally invest securities LLC account. As an extra incentive, ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.

Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You’ll receive your cash bonus within 10 business days after this review.

To receive a cash bonus, you must:

Deposit at least $10,000 in a new ally invest account.

Be a U.S. Resident.

Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.

You must use the “open account” button associated with this offer on ally invest’s site for opening your account to be eligible for this offer.

Here are the bonus tiers for this offer:

To receive the $50 bonus, deposit or transfer $10,000-$24,999.

To receive the $200 bonus, deposit or transfer $25,000-$99,999.

To receive the $300 bonus, deposit or transfer $100,000-$249.999.

To receive the $600 bonus, deposit or transfer $250,000-$499,999.

To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.

To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.

To receive the $3,500 bonus, deposit or transfer $2 million or more.

Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can’t be withdrawn for 300 days. A withdrawal may cause ally invest to revoke your bonus.

Read bankrate’s ally invest review to learn more.

Merrill edge: $150, $225, $375 or $900 bonus

When you open a merrill edge IRA or cash management account and make a qualifying deposit within 45 days of opening you can earn up to a $900 bonus. You need to use offer code 900ME during the account opening. This can be done while applying online or using it when speaking to a merrill edge financial adviser on the phone or at select bank of america branches. This offer expires april 15, 2021.

To receive a cash reward, you must:

Enroll for the offer at the time of account opening.

Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.

You must be enrolled in the preferred rewards program within 90 days of making the deposit.

Maintain that balance for at least 90 days.

The offer limits you to one IRA — rollover, traditional, roth and sole-proprietor SEP only — and one cash management account. Each account holder can’t have more than two enrolled accounts.

Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren’t qualifying net new assets.

You’ll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.

Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary accounts held at merrill edge aren’t eligible for this offer. The offer also doesn’t apply to accounts, which include iras or cmas, held with other business units of MLPF&S.

Here are the bonus tiers:

To receive the $150 cash reward, deposit $20,000 to $49,999.99.

To receive the $225 cash reward, deposit $50,000 to $99,999.99.

To receive the $375 cash reward, deposit $100,000 to $199,999.99.

To receive the $900 cash reward, deposit $200,000 or more.

Read bankrate’s merrill edge review to learn more.

Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)

Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.

To receive the bonus award, you must:

Receive a referral code from a friend or family member.

Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.

You’re limited to one per account and only one account per client when you receive a referral.

Schwab retail brokerage accounts and iras are eligible for this offer. This includes accounts that are enrolled in schwab-sponsored investment advisery programs, such as schwab intelligent portfolios, schwab managed portfolios, schwab managed account select and connection and schwab private client.

You’ll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.

Schwab may charge back its bonus award if taxable accounts aren’t kept at schwab for at least one year.

Here are the bonus tiers for this offer:

To receive a $100 bonus, deposit $1,000-$24,999.

To receive a $200 bonus, deposit $25,000-$49,999.

To receive a $300 bonus, deposit $50,000-$99,999.

To receive a $500 bonus, deposit $100,000 or more.

Read bankrate’s charles schwab review to learn more.

E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus

You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.

To receive a cash bonus, you must:

Use promo code WINTER21 when opening the account.

Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.

Here are the cash bonus tiers for this offer:

To receive a $50 bonus, deposit or transfer $5,000-$9,999.

To receive a $100 bonus, deposit or transfer $10,000-$19,999.

To receive a $150 bonus, deposit or transfer $20,000-$24,999.

To receive a $200 bonus, deposit or transfer $25,000-$99,999.

To receive a $300 bonus, deposit or transfer $100,000-$249,999.

To receive a $600 bonus, deposit or transfer $250,000-$499,999.

To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.

To receive a $2,500 bonus, deposit or transfer $1 million or more.

Read bankrate’s E-trade review to learn more.

Online brokerage new account promotions in canada (2021)

There are a lot of online brokerage new account promotions available right now in canada. We are looking for a new joint brokerage account and since I am a fan of new bank account promotions (such as a free ipad from RBC or $300 cash) to entice you to sign up, I thought we might as well do so with an online investment brokerage right?

For our joint online brokerage account, wanted a different online brokerage from what we use for our individual accounts (we have separate and joint finances). My husband uses TD direct investing and I use questrade. We use TD direct investing for our RESP. Why not, I thought. I always like trying different online brokerage platforms.

New online brokerage promotions in Canada

Here are some new client online brokerage new account promotions in canada for 2020/ 2021 that might either lure you to switch to a new brokerage or encourage you to start up a new online brokerage account with their platform.

While I wouldn’t advocate for signing up for a discount or online brokerage account just for the cash back offer, I have to admit a big cash back offer is very attractive. Especially if you don’t intend to trade very often and plan to just play it safely and index and chill.

Choosing an online brokerage in canada

As a canadian investor, there are other things to look at when you are selecting an online brokerage, including things like issues with downtime, how the dashboard or interface looks like and the ease of use, the regular trading fee, whether there is a fee for etfs, are just a few things to consider. Another factor to think about is whether you will be trading a lot. Some of these offers cater more to active traders whereas other offers cater to the cash hungry (dangle that carrot, I’ll take it).

More importantly, is the customer service decent?

Easy passive income is pretty tempting just for signing up since you won’t have to get direct deposits or pre authorized transactions like for a banking promotion.

Finally, if you are transferring from another brokerage, you have to look for whether this new brokerage will cover or rebate your transfer out fee. Usually this can cost upwards to $150. Not all online brokerages will cover the fee. Some do, some don’t.

This post will review some promotions available for online brokerages in canada and their deadlines. Also the qualifying criteria will be reviewed including the minimum amount for the desired cash bonus.

Some online brokerages participating in these promotions and offers are: scotia itrade, TD direct investing (their webbroker platform is amazing), BMO investorline, CIBC investor’s edge, RBC direct investing, national bank direct brokerage, and ongoing promotions from questrade a discount brokerage, and wealthsimple trade, a zero commission based brokerage.

Here are some online brokerage new account promotions available in canada.

Scotia itrade promotion

The bonus: up to $1500 in cash and $6.99/ trade until june 30 2021 (use promo code C21) or $500 in free trades until june 30 2021 (use promo code FT21)

Deadline for account sign up: march 1, 2021

Qualifying criteria:
- Fund at least $5000 in cash or net equity
- For cash + $6.99 pricing:
- Fund at least $5000 and you will get $25 cash
- Fund at least $10,000 for $50 cash
- Fund at least $25,000 for $100
- Fund at least $50,000 for $200
- Fund at least $100,000 for $400
- Fund at least $250,000 for $750
- Fund at least $500,000 for $1000
- Fund at least $1,000,000 for $1500

You have to keep the funds in your scotia itrade account until at least june 30, 2021 to receive the cash or commission rebate.

You must maintain all of your accounts at scotia itrade in good standing, and not be in a disallowed debit position. Also, you cannot have any outstanding margin calls due

When you will receive the bonus: july 31, 2021 is when you will receive your cash bonus or commission rebate for your equity fee trades

Coverage of transfer out fees: it is covered up to $150. The amount of the transfer-in fee charged by another canadian broker will be credited to your new scotia itrade account by july 31 st , 2021.

Normal trading commission: $9.99/ trade

Joint account: available, but only one account holder will receive the cash bonus

Low activity fee: waived if you have at least $10,000 invested.

For more information, you can click here for the scotia itrade promotion. Personally I think the cash and $6.99 pricing is a more palatable option than the free equity trades because we don’t anticipate much trading going on.

If you have a scotiabank ultimate banking package which normally costs $30.95 per month but it is waived if you keep $5000 minimum balance or $30,000 balance between the ultimate package and your momentum PLUS savings account, you can get 5 free equity trades per year from scotiaitrade.

For the first year you can get 10 free equity trades at scotia itrade in your first year (about a $100 value). These online brokerage new account promotions are based on calendar year, so if you sign up early in 2021, you will get the 10 free equity trades to use for all of 2021.

Here’s my review of the scotiabank ultimate package, we ‘upgraded’ recently from the preferred package.

Here’s a chart of the scotiabank itrade reward:

This post may contain affiliate links. Please see genymoney.Ca’s disclaimer for more information.

TD direct investing promotion

The bonus: up to $1100 in cash for signing up as a new client in one of these accounts
- Cash, TFSA, margin, or RRSP account (RESP and RDSP are not eligible)
- Transfer $15,000 to $24,999 you get $100
- Transfer $25,000 to $99,999 for $200
- Put in $100,000 to $249,999 and you get $300
- Transfer $250,000 to $499,999 and you get $500
- If you transfer more than $500,000 you get $1000
- Extra $100 if you set up one monthly contribution plan (“MCP”) or pre-authorized debit (“PAD”) of a minimum of $100 before april 30, 2021
- Your bonus will be paid out to your account on august 31, 2021

Deadline for account sign up: march 1, 2021

Qualifying criteria:
- Open up a new account and use promo code INVESTNOW
- Then transfer at least $15,000 in eligible assets by april 30, 2021
- Maintain it until june 30, 2021
- Set a goal or place a trade before june 30, 2021
- The transfer cannot be from TD direct investing, TD wealth financial planning and TD wealth private investment advice. It has to be from another canadian financial institution or from a TD canada trust account.

Coverage of transfer out fees: up to $150 when more than $25,000 in assets are transferred from another financial institution

Typical trading commission: $9.99 flat rate (unless you’re an active trader, it’s $7/trade)

For more on the TD direct investing offer, click here.

BMO investorline promotion

The bonus: up to $2000 cash back and $50 BMO investorline refer a friend bonus

Deadline for account sign up: january 5, 2021

Qualifying criteria: enter the promo code: SDCASH2000 when signing up for one of these accounts
- BMO investorline cash or margin (individual or joint), corporate, sole proprietorship, TFSA, RRSP, RRIF, spousal RRSP/RRIF
- Transfer a minimum of $50,000 before january 31, 2021 and hold it until june 30, 2021
  - $50,000 – $99,999 for $100 cash back
  - $100,000 – $249,999 for $250 cash back
  - $250,000 – $499,999 for $450 cash back
  - $500,000 – $999,999 for $950 cash back
  - $1,000,000+ for $2,000 cash back

Then you will be paid your cash bonus on the week of july 12, 2021
- One cash reward for a joint account, and can’t have applied within the last 12 months

Coverage of transfer out fees: does not look like they cover the typical $150 fee

Typical trading commission: $9.95/trade

For more information on the BMO investorline campaign offer, click here.

CIBC investors edge promotion

The bonus: up to $2000 cash back

Deadline for account sign up: march 2, 2021

Qualifying criteria: sign up for a CIBC investor’s edge account to get the cash back offer
- Eligible accounts include:
  - Investment account
  - Self-directed retirement savings plan or retirement income fund account
  - Self-directed tax-free savingsaccount
  - Locked-in retirement savings plan
  - Locked-in income fund or higher learning education savings plan
- Transfer at least $10,000 to get $50
  - Transfer at least $25,000 to get $100
  - Transfer minimum of $50,000 for $200 cash credit
  - Put in a least $100,000 to get $500 in cash
  - Deposit market value of at least $500,000 for $1000 in cash
  - Transfer at least $1,000,000 for $2000 in cash
- If funds are received before dec 31, 2020, you will receive the cash back on june 28, 2021
- If the money is deposited before march 2, 2021, you will receive the cash back on august 30, 2021
- Transferred assets must be transferred to CIBC investor’s edge from an account that is not held at any of the CIBC group of companies (has to be new money and not from CIBC wood gundy, for example)

Coverage of transfer out fees: doesn’t look like they cover the $150 fee to transfer out from another financial institution

Typical trading commission: $6.95/trade for US/canadian equities

Student discount: there is a student discount for trades for students, $5.95/trade

For more information on the CIBC investor’s edge cash back promotion, click here.

The general online reviews of CIBC’s investor’s edge are not glowing (poor customer service and old looking interface).

RBC direct investing promotion

The bonus: 25 commission free trades (equities and etfs, options not included) for one year or about $200 cash back (this is the least palatable of the bunch and is $200 if you intend to trade 25 times!)

Deadline for account sign up: open up an account before december 31, 2020

Qualifying criteria:
- Open up an RBC direct investing account
- User promo code NTBW4
- Deposit and transfer $5000 from non-RBC sources by march 5 2021
- Rebates happen 3 to 5 business days after your trade and you are covered for 365 days after you receive your RBC direct investing account confirmation email

Coverage of transfer out fees: doesn’t look like it. “you will be solely responsible for the payment of any applicable fees, penalties, charges or other amounts associated with or connected to the offer or with the transfer of any assets to eligible account”

Typical trading commission: $9.95/trade and $6.95 for active traders (150+/quarter)

For more information on the 25 free commissions offer from RBC direct investing, click here.

National bank direct brokerage promotion

The bonus: 100 free trades for one year

Deadline for account sign up: december 31, 2020

Qualifying criteria:
- Open up a national bank direct brokerage account and use promo code FREE2020
- Subscribe to e-delivery
- Get 100 free trades of stocks, options and etfs for one year

Coverage of transfer out fees: NBDB will give you a rebate of up to $135 plus taxes if you transfer at least $10,000 or $20,000 into the account (6 months of your transfer and they will refund up to $135+taxes of the transfer fees)

Typical trading commission: $9.95/trade or $6.95/trade if you are a national bank client, and $0 etfs if you purchase in units of 100 (that’s quite a high number of etfs you have to purchase though, it discourages dollar cost averaging, in my opinion)

Newcomers, professionals, and students: there’s an extra promotion for people who fall under this category and that includes $5.95/trade instead of $6.95/trade. It is still $0 for etfs if you trade over 100 ETF units.
- Engineers and engineering students, legal accounting, and business professionals and students, healthcare professionals and students, and newcomers in canada are eligible
- More information can be found here

Questrade promotion

The bonus:$50 in free trades using questrade offer code YOUNGANDTHRIFTY

Deadline for account sign up: no deadline, it’s an ongoing promotion

Qualifying criteria: sign up for a new self directed questrade account here
- Or use the questrade offer code YOUNGANDTHRIFTY
- Trade up to 10 times ($4.95 per trade) without having to pay commission
- For etfs you don’t have to pay commission anyways

Coverage of transfer out fees: yes. Transfer any amount and you can get a maximum rebate of $150/account

Typical trading commission: $4.95 per trade and $0 for ETF purchases (there are ECN fees but they are pennies)

I use questrade (and have been a user since 2009) and like it. It is very no frills, sometimes there is downtime, but you get what you pay for. The charts are pretty basic but I use wealthica to supplement. Here’s what wealthica (known as personal capital of canada) looks like.

Using passiv in conjunction with questrade for etfs is a great way to rebalance your portfolio. Here’s a review of passiv.

I love the free ETF commissions and it makes it very easy for me to dollar cost average on a monthly basis and not let my lizard brain take over my investing decisions.

You can also set up a questrade drip (it’s synthetic) when your dividends and distributions get paid out and save money on commissions.

Wealthsimple trade promotion

The bonus: $10 cash bonus if you sign up here for wealthsimple trade

Deadline for account sign up: ongoing promotion

Qualifying criteria: sign up for a wealthsimple trade account and transfer $100 cash and trade $100 within 45 days

Coverage of transfer out fees: yes, for transfers that are greater than $5000 in value and covers rebates up to $50 to $150. Once you transferred your account into wealthsimple trade, you fill out this form to get a refund within 1-2 business days into your cash balance

Typical trading commission: commission free. It is $0 and free to buy and sell etfs and individual stocks. However, wealthsimple charges a 1.5% foreign currency conversion fee, so it is best to hold US stocks elsewhere.

Wealthsimple trade is probably known as the robinhood of canada because of the zero dollar commissions of individual stocks (and the get rich quick in canada kind of mentality). It would probably make it much more tempting to invest reguarly for me, but I do prefer a small amount of commission so that I at least think about how much I am investing before I press the “BUY” button too easily.

However, for people who plan to invest in etfs and plan to dollar cost average, the savings of $0 commission will likely outweigh $100 cash back over time! Think about that, saving commission on 10 ETF trades is $100 already for a typical online brokerage in canada.

Online brokerage new account promotions summary

All of these online brokerage new account promotions are quite enticing (minus the RBC direct investing one, hopefully they come up with something better soon) but the one we are probably most interested in right now is the scotia itrade promotion (tempting since we have a scotiabank preferred account already, here’s my review) or the CIBC investor’s edge promotion as they give the most cash back for amount invested- however, online reviews of CIBC investor’s edge mention that it has an archaic interface.

Since we are not planning to trade very much in our joint investing account (especially not 25 trades a year) having a trade rebate won’t be very meaningful in our situation.

Hopefully this review of online brokerage new account promotions in canada will be useful for you in your next search of the best brokerage for you (and a little icing on top in the form of cash back won’t hurt either).

Don’t forget to link your online investment brokerage with wealthica, one of the best net worth and investment trackers in canada (and best of all, it’s free). I personally think it’s one of the best personal finance apps in canada available.

Which online brokerage do you use, and would you jump ship for an online brokerage promotion?

GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, dividend and ETF investing, and living a minimalist lifestyle. Before you go, check out my recommendations page of financial tools I use to save and invest money. Don’t forget to subscribe for blog updates and a free dividend yield spreadsheet. Sign up for the 22,000+ word young money bootcamp ecourse.

Top 10 best forex brokers with bonus and promotions for 2021

Top rated:

Are you on the lookout for the best forex brokers with bonus and promotions to offer?

With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.

Are these bonuses really free money?

What should I check when choosing a bonus?

There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.

Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.

Top 9 forex brokers with bonus and promotions

Here are the top 9 forex broker bonus and promotion offers we have found available:

1. FBS

Please note that these bonuses may not be available with every XM entity

3. Instaforex

4. Fxopen

5. Roboforex

6. Hotforex

Please note that these bonuses may not be available with every XM entity

7. Octafx

8. FXTM

9. Vantage FX

Different type of bonuses

Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.

Why do brokers offer forex no-deposit bonuses and other bonuses?

Tips on how to choose a bonus and a broker

Brokerage promotions

Every month, benzinga compiles a list of the absolute best brokerage promotions for investors looking to open new accounts. These include sign-on bonuses, free trades and more. Check back each month for an updated list.

Benzinga staff

Contributor, benzinga

If you’re new to investing, want to switch your brokerage or just create a new brokerage account, look no further. Brokerages offer deals and promotions to new account holders, such as sign-on bonuses, free trades, access to premium services and more. Looking for more than just promotions?

Read benzinga’s best online brokerages to find the brokerage that works best for you and your trading style.

Table of contents [ hide ]

Moomoo promotion

Webull promotion

Tradestation promotion

Tradezero promotion

FOREX.Com promotion

Ninjatrader promotion

IG promotion

Generic trade promotion

Tastyworks promotion

Etoro promotion

Firstrade promotion

Nadex promotion

Moomoo promotion

Limited time offers with moomoo!

Get your 1st stock valued up to $200 by depositing $100 or more
get your 2nd stock valued up to $1000 by depositing $1500 or more
get 2 additional stocks valued up to $1000 by depositing $5000 or more

Moomoo offers an intuitive and powerful investing platform for beginning investors and experienced traders. Moomoo’s groundbreaking app offers unique new features and enhancements to improve the trading experience. Don’t miss out on moomoo’s limited time offers!

Webull promotion

Now until month end!

From now until dec 14, new users who make initial deposit over $100 will get 4 free stocks worth up to $1600.
Refer 2 friends who make an initial deposit over $100 to get 7 free stocks.
Refer 3 friends who make an initial deposit over $100 to get 15 free stocks.

Webull offers an all-in-one self-directed investment platform that provides excellent user experience, intelligent tools and services, no commission, free real-time quotes, multi-platform accessibility, full extended hours trading and 24/7 online help.

Tradestation promotion

Get up to $2,500 when you transfer funds into your tradestation account.

Tradestation gives you everything you need to trade with complete confidence: professional-grade tools, powerful mobile and web apps, personalized client support and some of the industry’s most competitive pricing. Now they’re upping the ante with a special cash offer.

Trade stocks, etfs, futures, options or crypto with reliable execution on powerful platforms and competitive pricing models with tradestation. You can compete in numerous markets, test and optimize your strategies and join in on a community to share your knowledge and learn more skills.

Tradezero promotion

Short like A pro!

Looking for a dependable broker to short stocks? Free to join – start trading with tradezero, benzinga’s 2020 “best broker for shorting stocks”

Benzinga awarded tradezero best brokerage for short selling and it’s well-deserved. Tradezero, along with commission-free trading, offers its zeropro platform, which delivers speed and functionality. It also offers zeroweb, a powerful level 2 web platform with direct market access and zerofree, a $0 software solution. You can also get zeromobile if you’re constantly on the go. All 4 options deliver everything you need to become a successful trader.

FOREX.Com promotion

Featured broker promotion

Reduce your trading costs by up to 18% with cash rebates, forex.Com is the #1 forex broker in the US. Signing up for an account now will get you waived bank fees on all wires, as well as one-on-one support from an experienced market strategist.

FOREX.Com connects independent traders to the potential of the global currency markets. FOREX.Com offers a way to help forex traders with what they need to succeed. Plus, get the most out of every trade with FOREX.Com’s clear, competitive pricing. No small print involved!

Ninjatrader promotion

Start trading with only $400

FREE platform included with ALL brokerage accounts:
1. NO PLATFORM FEES!
2. Get started with FREE advanced charting, market analysis and trade simulation.

Ninjatrader is the winner of two benzinga global fintech awards, including best brokerage for trading futures.

Best brokerage for trading futures: ninjatrader was recognized its high-performance trading software, discount brokerage services and real-time support.

Trader empowerment award: as the first open source platform available to the futures trading community, ninjatrader was recognized for empowering traders and developers to build their own indicators, apps and strategies.

IG promotion

Trade forex with IG

Create a forex trading account with IG and have access to over 80 currency pairs starting from 0.8 pips. Open a trading account with IG today and start trading in less than five minutes. Place your trade on desktop, mobile and tablet.

IG is the world’s leading provider of contracts for difference (cfds) and financial spread betting. Listed on the U.K.’s FTSE 250, IG combines the strength and security of a fully-regulated international company based across 5 continents.

Generic trade promotion

Low cost, high tech

All accounts, regardless of size or volume, are 59¢ commission per side. All fees are fully disclosed. Low cost + high tech = value more about value.

Generic trade provides the best trading environment at the best value possible. Generic trade offers consistency and stability with the same low commission rate for every account and every market since 2010.

Tastyworks promotion

Get 10 options OR 10 shares

Tastyworks will kick-start your new brokerage account when you open and fund with $2,000!

Tastyworks believes in DIY investing, that it can be more rewarding than relying on money managers or robo-advisors who put your portfolio on autopilot.

You’ll get every edge possible with the technology, rates and support to help you succeed on your own through tastyworks. Tastyworks also offers a great rate to open and close trades. The company offers capped commissions on equity option trades at $10 per leg. See how tastyworks compares against other brokers on equity option trades.

Etoro promotion

Invest in crypto. Get a $500 bonus.

Get access to over a dozen of the most popular cryptocurrencies, all on an easy-to-use platform. Engage with other traders, dive into the data, and learn how to diversify with crypto. Sign up now and get a bonus $500 when you make a $5,000 trade.

Etoro empowers millions of users in over 140 countries to trade and invest in a simple and transparent way. Etoro is an established and reliable leader in the global fintech industry and is a global pioneer in cryptocurrency trading. Etoro’s platform already offers many of the world’s most popular digital currencies.

Firstrade promotion

Trade smarter (includes benzinga research)

Seize opportunity no matter where you are with our android and iphone mobile apps. Comprehensive research & reports provided by morningstar, zacks and benzinga

Firstrade aims to empower its customers with the most advanced technology possible so you can access simpler and seamless ways to execute your investment strategies. It’s self-directed investing with no-cost trading.

Nadex promotion

Free sign up with nadex

Nadex offers their clients free account creation without pressure to trade until they are ready. This is perfect for those who are hesitant and only want to trade when ready.

As a nadex member, you can trade multiple markets and access an ongoing series of short-term trading opportunities, including hourly, daily and weekly contracts traded 5 days a week on desktop and mobile platforms. Nadex is a regulated financial exchange, which means it matches buyers and sellers and does not take positions in any markets.

Turn to webull

0 commissions and no deposit minimums. Everyone gets smart tools for smart investing. Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions. Webull financial LLC is registered with and regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA). It is also a member of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for cash) against the loss of cash and securities held by a customer at a financially-troubled SIPC-member brokerage firm.

So, let's see, what we have: looking for the best forex brokers with bonus and promotions? Discover this, and everything you must know, on bonuses and promotions! At broker promotions