Love Your Brokerage Account? Get Rewarded For Telling a Friend

October 30, 2012 Investing, Investments
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When you really like a product, you tend to share it with your friends and family, so that they can enjoy it as well. But financial products are somewhat taboo to talk about nowadays. No one wants to be hated for suggesting an investment that goes downhill. But you can’t be faulted for simply showing a friend how to save money, while still receiving the same service.

If you currently have an account with a discount broker, you may be able to earn money while showing your friends how to save on fees. Of course, if you don’t currently like your brokerage account, make sure to tell your broker! If you’re a longstanding client or somewhat active trade, most brokers will try to accommodate your special needs.

The following brokers offer benefits for referring a friend:

OptionsHouse

Referral Bonus: 30 Free Trades OR $150 Account Credit OR $150 Gift Card

Conditions: Your friend has to open and fund an account within three months of your referral ($1,000 Account Minimum). They also must maintain a balance of at least $1,000 for 6 months. If you refer a family member, they can’t have the same address as you (they must live elsewhere).

 

Referral Bonus: $50 for You AND $50 for Your Friend

Conditions: Your friend must fund an account with at least $3,000 and make at least 3 trades.

 

 

SpeedTrader

Referral Bonus: 25 Free Trades or $100

Conditions: Your friend simply has to open and fund an account of at least $25,000. They also have to place one trade.

 

Sogotrade

Referral Bonus: 25 Free Trades

Conditions: Your friend simply has to open and fund an account ($500 Account Minimum), and place one online trade. Your free trades must be used within 3 months.

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