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Brokerage Bonuses - Fido
Old 06-02-2015, 09:16 PM   #1
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Brokerage Bonuses - Fido

I happened to talk to one of the active trader reps today and was told that I can get 300 free trades by depositing $50,000 into one of my accounts.

Not sure if the $ amount can be less or not. This is not the most generous promotion that I have seen but Fido is the only brokerage firm I deal with.
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Old 06-02-2015, 09:28 PM   #2
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There is usually a time limit on these free trades. It would take me beyond my likely lifespan to use 300 free trades. As I remember they are usually keyed to one account that you deposit the money in. So for example if you make trades in a taxable, a rollover or a tira, and a Roth, you can only get the free trades on the account that the money goes into. If this is not true of this promotion, please let us know.

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Old 06-02-2015, 09:30 PM   #3
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Fidelity also gives out 50,000 frequent flyer miles if one deposits $100K (cash or securities) in an account. That's worth a free round-trip flight to Hawaii. I know folks who just transfer ETF shares from broker to broker without actually trading anything to collect bonuses. So the same shares that went to Fidelity later go to TDAmeritrade and then later to Schwab, then then Fidelity, then to .

300 free trades is practically worthless since everybody has free commissions on the things you should want to buy anyways and that includes Fidelity.
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Old 06-02-2015, 09:47 PM   #4
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How long do you have to keep the 100k at Fido? I have never gotten an offer like that.,,


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Old 06-02-2015, 09:47 PM   #5
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The free trades is limited to the account you deposited the money in and good for six months. You can also Google brokerage bonuses for other promos.


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Old 06-03-2015, 08:09 AM   #6
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I had big bucks in FIDO for years....adding $$$$$$every year and wasn't ever offered anything......until I heard on another blog that others were getting free trades. I called and complained.....then I got 15 free trades each year.....and, I have to call each year and complain to actually get it renewed. So, take it when you can get it.....negotiate when you hear someone else got something.....they have given miles, gift cards and free trades over the past few years.
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Old 06-03-2015, 08:25 AM   #7
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Capital One offers $600 for $125k deposit in a brokerage account for 90 days. Not sure how much they charge to buy a ETF but that is a decent 90 day risk free return.
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Old 06-03-2015, 09:06 AM   #8
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I received an offer for either 50K FF miles, or $2500 for depositing over $1M into Fido last fall. I took the cash. It's worth more than the miles.
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Old 06-03-2015, 09:09 AM   #9
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I received an offer for either 50K FF miles, or $2500 for depositing over $1M into Fido last fall. I took the cash. It's worth more than the miles.

Wow! A 2.5% return with no risk? Sign me up!


edit: I read $25,000 :-(


That would have been a heck of an offer!
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Old 06-03-2015, 10:14 AM   #10
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I'm looking at rolling my 401K over when I retire. I've been checking on some of these brokerage bonus offers. I figure I can clear about $2000 in a year by moving my funds to 4 different firms. Still checking on what fees they might charge for closing the accounts but I think this might work about like credit card churning...
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Old 06-03-2015, 11:13 AM   #11
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I keep getting offers from Chase Bank to open a checking and/or savings account. Might just bite on the checking account which requires a direct deposit setup of paycheck or pension and a minimum of $1500 in the account to avoid monthly fees. I'm considering starting my small megacorp pension anyway so that would fit the bill. They'll give me $300 for doing that. I have about five branches within a mile and a half of me. They'll also give $200 for a savings account but that requires tying up $15,000 which just isn't worth it.

I took advantage of a TD ameritrade offer a few years ago when I closed my American Century account. I may have more consolidating to do so will watch for those offers. I have an old VALIC retirement account from my university employment days that I've been thinking about transferring but almost all of my funds there are in the Fixed Account Plus which yields a set 4.5% and has for many years now. So I've left it there for its safe steady return.
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Old 06-03-2015, 01:07 PM   #12
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Fido has a tiered offering for any funds transferred in. I got $600 for a 250K move. I was told the funds needed to stay for 6 month.
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Old 06-03-2015, 01:39 PM   #13
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I did some research and found out that one can get a $1,000 bonus for transferring over $250K or more to TD.

Just curious if anyone knows if it is possible to transfer over funds from another brokerage (i.e., Vanguard) "in-kind" and not have to sell any shares with the former broker (so as to not trigger a taxable event)? Or do you have to open the account with pure cash?
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Old 06-03-2015, 03:16 PM   #14
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I did some research and found out that one can get a $1,000 bonus for transferring over $250K or more to TD.

Just curious if anyone knows if it is possible to transfer over funds from another brokerage (i.e., Vanguard) "in-kind" and not have to sell any shares with the former broker (so as to not trigger a taxable event)? Or do you have to open the account with pure cash?
My transfer was in-kind from Vanguard. No problem but I need to convert some Admiral funds to their ETF equivalent first. Vanguard does allow any other brokerage house to hold Admiral positions--have to be the ETF or Investor class.
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Old 06-03-2015, 03:35 PM   #15
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My transfer was in-kind from Vanguard. No problem but I need to convert some Admiral funds to their ETF equivalent first. Vanguard does allow any other brokerage house to hold Admiral positions--have to be the ETF or Investor class.
Nwsteve

So is there any reason why one wouldn't pursue this with TD?

$1,000 for opening an account with them and not having to sell or buy anything if you don't want to. Just have to keep the account with them for a year. If I don't plan to sell anything in a year's time regardless, I don't see why I shouldn't pursue this.

Am I missing something or overlooking something?
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Old 06-03-2015, 03:38 PM   #16
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I'll have to remember this when DH retires next year and we roll over his 401K, well north of $1m to IRA. We're w/Fido and don't receive any of these offers.
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Old 06-03-2015, 05:12 PM   #17
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I'll have to remember this when DH retires next year and we roll over his 401K, well north of $1m to IRA. We're w/Fido and don't receive any of these offers.
I think part of the message here when it comes time to do your rollover, is to FIRST call and see what offers are available. I found with Fido some of the offers are not always publicized. With a 1 Million, you should be able to get some worthwhile benefits.
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Old 06-03-2015, 05:37 PM   #18
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I think part of the message here when it comes time to do your rollover, is to FIRST call and see what offers are available. I found with Fido some of the offers are not always publicized. With a 1 Million, you should be able to get some worthwhile benefits.
Nwsteve

It wasn't well publicized when I did an in kind transfer of over $1M to Fido last year. But my private client advisor has always been on top of getting me whatever promotions they have.
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Old 06-03-2015, 09:46 PM   #19
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+1 on private client advisor.
I have collected a couple cash bonuses with a "heads-up" from our advisor
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Old 06-05-2015, 12:30 PM   #20
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A little bit more info on Fido, the rep told me this morning that they always have promos going on, the $50,000 is the minimum for 300 free trades, eligibility is every twelve months. Other promos are airline mileage, gift card, etc.
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