Firstrade Referral Promotion: $50 Referral Bonus Sharing Program

I haven’t used my Firstrade account for a while. Actually, the account is largely abandoned since I moved all my investments at Firstrade to TradeKing last December.

Tonight, when I didn’t log into my account to send a referral to a reader, I noticed that Firstrade is now also offering a $50 cash bonus in their Refer-A-Friend program for referring new customers to the discount broker (TradeKing is offering $50 bonus for every new account this month). In the past, Firstrade only gave 5 free trade (Firstrade charge $6.95 per trade) for both the referrer and referee. If I have to choose, then I will prefer to receive cash incentive over free trades because I can use the money for other things than buying stocks.

Now, because of this new referral program, I am going to offer a split of the $50 bonus with anyone who uses my referral, like what I am doing with other referral programs. Conditions of Firstrade’s referral program include:

The referee will receive an e-mail notification with a promotional code. The promotional code must be activated at the time of the new account online application in order to be eligible. The referee must open a new Firstrade account and deposit $1,000 within the first 30 days of opening the new account and execute at least one equity (stock) or options trade within 30 days from the initial deposit date.

If you are interested in getting a Firstrade account and receiving 5 free trades plus a $20 bonus, use the Contact Form to send me a request with Firstrade referral in the subject. Also check out my referral page for incentives from other brokers and banks.