ShareBuilder $50 Bonus Promotion Code
ShareBuilder is one of the online stock brokers that I mentioned quite often here. Unlike other discount brokers that I am using, ShareBuilder is a little bit different in the sense that you can only get the cheap $4 commission when you use their automatic investment plan. If you want to trade at real time, like you otherwise do with other stock brokers, then the trading commission goes up to $9.95 per trade. Therefore, because of the pricing, I don’t really consider it as a true discount broker.
I got my ShareBuilder account years ago through a promotion program at Costco. Back then, you could open multiple accounts and keep getting the new account bonus, which was pretty sweet. At that time, when there weren’t as many choices in online discount broker as there are today, $4 per trade via their automatic investment plan seemed to be a valid option. However, after all these years, I am surprised that ShareBuilder have largely kept its investment plans and pricing unchanged, despite the fact that its has more competitors now than then, with some of them offering real-time trade commissions that are at basically the same level as ShareBuilder’s or even lower.
Even though $4 per investment is quite low and the automatic investment plan has its merit (such as making investing in stocks and ETFs a routine, repeated event for people who can’t commit a large amount of money at one time, much like dollar-cost averaging in mutual fund investments), my main opinion of ShareBuilder is that the planned investment scheme itself lacks the flexibility if you want to invest at your own time, instead of a fixed day every month (such as every Tuesday). In addition, the actual cost of each investment can be rather high if only a very small amount of money (for example, $100, which is quite typical for investors who do dollar-cost-averaging) is invested each month. If I want to invest in stocks or ETFs, I’d rather pay $4.95 per trade to buy shares with TradeKing, for instance, at any time I want than paying $4 to invest with ShareBuilder on the first Tuesday of the month.
Anyway, that’s just what I would do. If you like ShareBuilder’s scheduled investment scheme, you can use to open a ShareBuilder account using promo code 50LS12 and get $50 bonus (valid for first-time ShareBuilder account holders only). To qualify for the bonus, you must open the account using the promotion code before June 30, 2012 and make a deposit of at least $2,000. There’s no Once these requirements are met, the bonus will be credited within 4 to 6 weeks. Full details of this promotion are as follows:
You must open a new ShareBuilder account and deposit $2,000 or more to be eligible for this promotion. Initial deposit must be completed by 6/30/12. ING DIRECT Investing will deposit a $50 bonus approximately 4-6 weeks after your first $2,000 deposit. The $50 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRAs or ESAs. The $50 bonus is not available for withdrawal for 90 days after it is awarded to your account. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder account bonus per unique customer or custodial beneficiary. We reserve the right to terminate this offer at any time and to refuse or recover any promotion award if we determine that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of our Account Agreement have been violated. Offer expires 6/30/12.
If you are looking for stock broker promotions, you may want to check out these offers:
This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.