Update 1/12/26: Deal is back through January 31, 2026
The Offer
Direct Link to offer
- Firstrade brokerage is offering a 3% contribution match for IRA contributions made within 30 days.
- They also offer a 2% boost when you transfer over your IRA from another brokerage within 30 days, up to $20,000 max bonus.
There is a 5 year hold period.
The Fine Print
- Limited-time promotion: 1/21/2025 – 2/21/2025
- Bonuses are paid 30 days after your new account is approved.
- The match bonus will be credited to the customer’s IRA account within 5 business days of determining the bonus amount.
- To retain the full bonus, customers must maintain the net qualifying deposit amount for five continuous years. If any deposits are withdrawn before the end of the Eligibility Period, Firstrade may, at its discretion, deduct the corresponding proportion of the Match Bonus from the customer’s account. For new contributions: Withdrawals within one year of account approval: Firstrade may reclaim 3% of the withdrawal amount. Withdrawals after one year but before the Eligibility Period ends: Firstrade may reclaim 2% of the withdrawal amount. For IRA transfers/401(k) rollovers: Withdrawals before the Eligibility Period ends: Firstrade may reclaim 2% of the withdrawal amount. Please refer to the ‘Example Calculations’ for detailed information.
Our Verdict
Looks similar to the Robinhood offering with the same 5 year hold period. An advantage here is that there are no fees for this Firstrade bonus (versus Robinhood which has the $60 for one year of Gold required to get the bonus). Let us know your own thoughts in the comments below.
Hat tip to reader studpup
