Tastyworks Brokerage Bonus

Up to $2000 Tastyworks Bonus

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    Tastyworks Brokerage 

     Tastyworks is offering up to $2,000 bonus when you open a new brokerage account and fund it with the required amount. Although it is one of the most generous sign up bonus currently being offered among all the brokers or trading accounts, the requirements is also quite high. The bonus is tiered and have different funding requirement. IRA and Trust accounts are not eligible. This is stackable with referral bonus. 

    Tastyworks 2000 Brokerage Bonus

    Tastyworks is aimed primarily for active traders, especially options traders.

    Commissions Overview:

    1. Stocks and ETFs are free to buy and sell.
    2. Cryptocurrency has a commission of 1% each to buy and sell, with a cap of $10 per transaction.
    3. Options on Stock & ETFs costs $1 per contract to open and is free to close, with a cap of $10 per leg.
    4. Options on Futures costs $1.25 per contract each to open and close.
    5. Futures cost $1.25 each to buy and sell.  

    Tastyworks Bonus Summary

    Bonus – $100 or $500 or $2000

    Funding Requirement –  At least $5,000 (for $100 bonus) or $25,000 (for $500 bonus) or $100,000 (for $2,000 bonus)

    Offer Expiry – March 31, 2023

    Promo Code – “TIERED_2023” (Required while opening the account)

    Inactivity Fees – None

    Link for the Offer

    Tastyworks Brokerage Awards

    Tastyworks Bonus Requirements

    1. Open  a new Brokerage account within the promotional period with the promo code “TIERED_2023”.
    2. Fund the account with either  at least $5,000 for $100 bonus,  $25,000 for $500 bonus or $100,000 for $2,000 bonus within 08/31/2022.
    3. Bonus will post approximately after two week of settlements of the deposit.
    4. Deposited funds should be held into the account for 12 months. Else the bonus will be debited. 

    Inactivity Fee | How to Avoid It?

    • There is no inactivity fees.

    BonusCoach’s List of Best Brokerage Bonus

    Early Termination Fees

    There is no early termination fees. Funds withdrawn before 12 months can lead to forfeiture of sign up bonus. Trading loss does not counts towards that.

    Fine Print

    THE PROMOTIONAL PERIOD

    The Promotion begins at 12:00am CT on 09/12/2022 and ends at 11:59pm CT on 03/31/2023 (the “Promotional Period”). Sponsor’s computer is the official clock for the Promotion.

    PROMOTION DETAILS
    1. The Promotion is available to (1) all approved new customers (as determined by Tax ID) who fund their tastyworks account with $5,000 USD or more, and (2) existing customers who have never funded any tastyworks account prior to the start of the Promotional Period, and who fund their existing brokerage account with $5,000 USD or more (each, a “Qualified Account”). 

    2. In order to be eligible for this Promotion, approved new customers must include the Referral Code of “TIERED_2023” in the REFERRAL CODE FIELD when applying for an account, and existing customers must receive an email from Sponsor confirming they are eligible to participate in the Promotion (upon approved new customers entering the Referral Code, or existing customers funding any current account after receiving an email confirmation of eligibility, approved new customers and existing customers shall be referred to herein as a “Qualified Customer.”)

    3. The Promotion is not valid for customers who have any existing, funded tastyworks brokerage account prior to the start of the Promotional Period.

    4. IRA and TRUST accounts are not eligible for the Promotion. 

    Award Details

    1. The Cash Bonus (“Cash Bonus”) will be credited to a Qualified Customer’s Qualified Account within two (2) weeks from date of the initial deposit of at least $5,000 USD (the “Funds”). The Funds must be deposited as a single transaction prior to the end of the Promotional Period. 

    2. The initially deposited funds will determine the Cash Bonus tier: 

    Deposited Funds

    Cash Bonus

    $5,000 – $24,999

    $100

    $25,000 – $99,999

    $500

    $100,000 +

    $2,000

    3. The initial minimum funding amount of $5,000 USD or more deposited into a Qualified Customer’s Qualified Account is required to remain in the Qualified Account for a minimum of twelve (12) months starting the date the Qualified Account meets the funding minimum (“Twelve Month Period”). The value of Cash Bonus the Qualified Customer receives will be credited to its Qualified Account upon deposit, but will be automatically debited out of the Qualified Customer’s Qualified Account if the Twelve-Month Period requirement is not met. The Cash Bonus will not be included in the Qualified Account’s buying power until the end of the Twelve-Month Period. Losses due to trading or market fluctuations will not be taken into account.

    Final Thoughts

    Tastyworks used to offer one of the best sign up bonuses in the past with easy requirements. However, the current bonus is a bit disappointing as they are effectively offering $100 for depositing $5,000 and holding it for 12 months. 

    Currently there are other brokers who are offering more with less requirements or offering similar bonus for ACAT transfer. We hope Tastyworks will improve their bonus offering in the future. 

    “Tastyworks recently ran a promotion where you could get $500 bonus (in cash)  when you open a new account and fund it with $10,000. Alternatively, they were offering $200 bonus (in cash) when you open a new account and fund it with $2,000. That offer expired on February 28,  2022. The current promotion is very similar to the recent one, except you earn the bonus as stock. However, you can easily sell the stock. It is sad that they removed the opportunity to earn $500.”

    Tastyworks Referral Program

    Besides the generous sign up bonus, Tastyworks also run a generous referral program. It is a way for Tastyworks to show you appreciation for each and every person you introduce to Tastyworks. Referral and sing up bonus are stackable. More info at https://tastyworks.com/referral/ 

    REFERRAL CREDITS

    REWARD ITEM

    MAX CASH VALUE

    2 Referral Credits

    Google Home

    $150

    5 Referral Credits

    Chicago Food Package
    (from TasteOfChicago.com)

    $500

    10 Referral Credits

    One Year of High-Speed Internet Access

    $1,000

    20 Referral Credits

    Trip for Two to Chicago
    (airfare, hotel stay, Michelin-rated restaurant)

    $2,000

    50 Referral Credits

    Apple Package
    (MacBook Pro, iPad, iPhone & Apple Watch)

    $5,000

    750 Referral Credits

    Tesla Model S

    $50,000

    1.25

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