Free Google Nexus Tablet from OptionsHouse

Online discount broker OptionsHouse is currently running a promotion which will give away Google Nexus Tablet for free to new customers when certain conditions are met. In order to get the free Google Nexus Tablet, you will need to satisfy the following requirements:

  1. Open an OptionsHouse brokerage account using promo code FIRE during the promotional period;
  2. Fund the new account with $10,000 or more within 60 days of account opening;
  3. Make 15 commissionable trades within 90 days after funding your account;
  4. Get a free Google Nexus Table within 30 days after the above conditions are met.

Since this promotion runs from now to December 31, 2013, you have plenty of time to do your research and take advantage of this offer if you are interested. Remember, only individual or joint brokerage accounts,¬†personal trust accounts, and business accounts are eligible are eligible for this promotion. If you open any other account, such as an individual retirement account or a college savings account, then you won’t be able to receive the free gift even if you do everything correctly as required because these account types are not eligible for this promotion.
I have an OptionsHouse brokerage account that I opened a few years ago when OptionsHouse was still new. However, I haven’t used my account for quite some time. If you are not familiar with OptionsHouse, here’s what you will get. Basically, you will get a $3.95 flat commission rate¬†for each online stock order, regardless the number of shares involved. For trading options, the commission for the first 5 contracts is $5 and for more than 10 contracts, the commission is $8.95 plus $0.15 per contract. From the point of view of the cost of trading alone, OptionsHouse is actually cheaper than other major discount brokers, such as TradeKing ($4.95/trade), Zecco ($4.95/trade), and Scottrade ($7/trade). If you are an options trader, the cost to trade up to 10 contracts with OptionsHouse is only $10. To learn more about OptionsHouse, check out my OptionsHouse review post from a while ago.
BTW, OptionsHouse has offered commission free trades in their past promotions. If you have still have those trades in your account, you can’t use them for this promotion because the 15 trades required have to be commissionable in order for you to receive the free Google Nexus Tablet. Another thig to be aware of is that, with this promotion, even though you get the Nexus Tablet for free, you still will be responsible for tax that comes with this offer. OptionsHouse will report the value of the Nexus Table in Form 1099 and according to OptionsHouse

Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099.


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