Merrill Edge is offering a $100, $150, $250 or $600 bonus to new clients that open an IRA or cash management account. Users also benefit from free stock, ETF and options trading with no trade minimums. Read on for terms and conditions plus joining details.
The welcome bonus is available to traders that open a Merrill Edge IRA or cash management account.
Users simply need to enter the promo code ‘600ME’ on the online application form. Alternatively, new clients can open an account on the phone (877 657 3847) or by visiting a local branch.
Users will need to make a qualifying deposit within 45 days to earn the joining bonus. A larger deposit will lead to a bigger bonus:
- Deposit between $20,000 and $49,999.99 to get a $100 bonus
- Deposit between $50,000 and $99,999.99 to get a $150 bonus
- Deposit between $100,000 and $199,999.99 to get a $250 bonus
- Deposit $200,000+ to get a $600 bonus
Traders must maintain the account balance for 90 days to qualify for the welcome offer. Merrill Edge will then apply the cash bonus two weeks after the 90-day period.
Note, assets transferred from Bank of America, Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S do not count as new assets.
Also, the welcome bonus limits traders to a single IRA (rollover, traditional, Roth and sole-proprietor SEP only) plus one cash management account. Traders cannot have more than two qualifying accounts.
About Merrill Edge
Merrill Edge is a popular US trading broker that offers stocks, ETFs, funds and options. The company holds licenses with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Merrill provides a selection of investing ideas and market insights to help users build a diverse portfolio. Traders also qualify for Bank of America Preferred Rewards, meaning account balances contribute towards program points and perks, including exclusive bonuses and fee discounts.
Investors can access margin rates that scale depending on the size of account balances. 1:100 leverage is available on stocks via options contracts while pre-leveraged ETFs are also available for day trading.
Sign up with Merrill Edge today and make a qualifying deposit to get up to $600.