It’s become routine for online discount brokers to woo customers by providing a few free trades or a little up-front cash. But OptionsHouse has taken the idea to another level. Currently, OptionsHouse is offering five different promotions, each awarding a little something different for potential traders.
I use OptionsHouse for both casual investing and to house my IRA. So far I have no complaints about its quality of tools or customer service. If you are interested in opening up an OptionsHouse account, consider doing so using one of the five promo codes below. Unfortunately, each new account can only have one promo code and the refer a friend promo attached, so don’t get any ideas of combining them all!
$600 Cash Bonus IRA Promo
Perhaps the most valuable of all the promotions OptionsHouse is running is the cash back IRA promo. Depending on how much you are able to open your IRA with (whether new or rollover), OptionsHouse will provide you cash back. The breakdown of tier levels is as follows:
- At least $25,000 gives a $200 cash bonus : Promo Code ROLL200.
- At least $50,000 gives a $300 cash bonus : Promo Code ROLL300.
- At least $100,000 gives a $400 cash bonus : Promo Code ROLL 400.
- At least $250,000 gives a $600 cash bonus : Promo Code ROLL 600.
In order to qualify for this promotion, you must fund your account within 60 days of opening it and keep the account balance at one of the four above levels for a full 180 days. Promotion expires December 31st, 2012.
Free Dell Monitor Promo
One of their oldest promotions, OptionsHouse offers a free dell monitor to new investors who deposit a certain amount of money. The size of monitor a new investor will receive depends on the amount funded.
- $10,000 will acquire a 23″ Dell E Series monitor : Promo Code DELL23.
- $100,000 will acquire a 27″ Dell Ultra Sharp monitor : Promo Code DELL27.
- $250,000 will acquire a 30″ Dell Ultra Sharp : Promo Code DELL30.
New account holders must fund their accounts within 60 days of opening. They also must make at least 15 trades within the first 90 days and commission free trades do not qualify (that’s a lot of trades for the casual investor). Account balances must be maintained (through trades or cash) for 180 days and this promotion expires December 31st, 2012.
100 Free Trades Promo
Perfect for frequent traders, OptionsHouse offers up to 100 free trades for all new account holders. In order to qualify for the 100 free trades, the following criteria must be met:
- The account must be funded with a minimum of $3,000.
- Promo code FREE 100 must be used.
- All free trades must be executed within 60 days of opening the account.
- Promotion expires December 31st 2011.
Free Amazon Kindle Fire Promo
Similar to the Dell monitor promotion, OptionsHouse is also offering a free Kindle Fire when customers open a new trading account. In order to receive the Kindle Fire, customers must:
- Fund their trading account with a minimum of $10,000.
- Promo code FIRE must be used.
- Make 15 trades within the first 60 days. Free trades do not qualify.
- Kindle will be received within 30 days of satisfying both requirements.
- Promotion expires December 31st 2012.
Annual Financial Times Subscription Promo
You can never have enough information and OptionsHouse is willing to provide a full year’s subscription to the Financial Times for new investors. A standard online subscription to the Financial Times will be provided (value of $260) to everyone who abides by the following:
- Open a new OptionsHouse account with a minimum deposit of $5,000.
- Promo code FT must be used.
- Promotion expires December 31st 2011.
Bonus for Referring a Friend ($150 or 30 Trades)
Any active OptionsHouse account holder can qualify to receive either $150 or 30 free trades when referring a relative or friend to open an account of their own. Qualifying for the cash bonus or free trades is easy and can be done as follows:
- Register for the OptionsHouse refer a friend program.
- Make sure the person you refer opens an account with at least $1,000.
- Refer no more than 50 people per year (max bonus is met).
- If choosing 30 free trades, the free trades must be executed within 6 months of receiving them.
- No expiration date
There are a couple of smaller promotions available with OptionsHouse, such as receiving a $25 cash rebate on wire transfers and free professional coaching for 30 days. But if you’re looking to take advantage of opening up a new OptionsHouse account, the ones above are your best bet.