To get 1 free stock, open an account from 1/16/2021 - 1/31/2021.
To get 2 additional free stocks, deposit at least $100 or more within 30 days of account approval.
To get a chance to win an iPhone 12, send in your initial deposit early (by 1/31/2021) to be automatically entered in the Firstrade Free Stocks & iPhone Raffle promotion. Firstrade will draw 10 winners on 2/2/2021.
How we select your free stocks
The free stocks are selected randomly and determined by an algorithm. The value of the share may be anywhere between $3 and $200 and fluctuates based on market movements. We choose from the most popular companies on Firstrade, based on the trading volume in the last quarter.
Chances of getting 3 free stocks You have a 100% guaranteed chance to get 3 free stocks when you successfully open an account and make an initial deposit of $100 or more into your Firstrade account.
1 in 100
Apple, Boeing, Advanced Micro Devices Every stock you receive will have a 1 in 100 chance of being from one of these companies when you open an eligible account at Firstrade.
Qualified new accounts with a deposit of $100 or more will receive 1 entry to the iPhone Raffle. The raffle draw will be conducted and the winners announced on February 02, 2021.
Terms and conditions
The Firstrade Free Stocks & iPhone Raffle promotion is an incentive program from Firstrade to encourage new accounts to avail of our brokerage services. Participants in the Program (known as “Participant/s”) will be eligible to receive three (3) free shares of stock and (1) entry to the Firstrade Free Stocks & iPhone Raffle after they successfully open and fund a new qualified U.S. domestic brokerage account (Individual, Joint or Custodial account) at Firstrade during the promotion period from 1/16/2021-1/31/2021.
Accounts opened under the same social security number may only participate once for this type of “initial deposit” promotion. Firstrade reserves the right to disqualify accounts if their deposited funds are returned.
iPhone Raffle Deposit early, get a chance to win an iPhone 12 - Qualified new accounts with an initial deposit of $100 or more will receive (1) iPhone raffle entry automatically after their funds settle into their account. The raffle draw will be conducted and announced on February 02, 2021. Firstrade reserves the right to disqualify accounts if their deposited funds are returned. You must deposit funds before 1/31/2021 in order to participate in the raffle draw.
a. Open an account, get 1 free stock - One free share of stock will be available to claim one business day after the account is approved. You don’t need to make a deposit to your account to get your first free stock.
b. Deposit $100 or more, get 2 additional free stocks - During the promotion period, qualified new accounts who make an initial deposit of $100 or more within 30 days of account approval are eligible to claim 2 additional shares of free stock. Deposit bonus stocks will be available to claim approximately 5 business days after the initial deposited amount has settled into client’s account.
The free stock offer will be invalid if the participant does not complete the account opening process within 30 days. Eligible accounts must claim the free stock within 60 days after the claim button is available. The free stock will be deposited to the account within approximately a week after the stock is claimed. The cash value of the free stock may not be withdrawn for 30 days after it is claimed.
The free stocks are selected randomly and determined by an algorithm. There is an approximately 98% chance of the free stock having a value of $3-$10, an approximately 1% chance of the free stock having a value of $10-$50, and an approximately 1% chance of the free stock having a value of $50-$200, based on the price of shares at the time of purchase. Free stocks are chosen from the most popular companies on Firstrade, based on the trading volume in the last quarter. When shares are purchased for this program, Firstrade only chooses shares of stocks that have a minimum market capitalization of $2.5 billion and which trade either on the NYSE-listed or NASDAQ-listed markets.
Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Firstrade does not provide investment advice and does not hereby recommend any security or transaction.
Account Transfer Fee Rebate
Clients who open a qualified new account and wish to transfer their account from another brokerage firm to Firstrade may participate in the Firstrade Free Stocks & iPhone Raffle and additionally qualify for a transfer fee rebate.
Taxes Free Stocks: The cash value of the free stock at the time you received it may be reported as “Other Income” on a 1099-Misc form. Any gains or losses on the sale of the stock are reported as capital gains or losses. You can check the cost basis of each stock you get on your Positions page.
You win a $10 stock and later sell it for $15 dollars:
• The $10 stock gift will be reported as “Other Income.”
• The $5 gain will be reported as capital gains.
iPhone Raffle: Where required by applicable rules and regulation, the monetary value of received iPhone offers may be reported as “Prizes and Award” on Form 1099-MISC. Winners must fill out a W9 form and return it to Firstrade before receiving the prize.
Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with any prizes received through this promotion. Firstrade does not take responsibility for any taxes related to this promotion.
Firstrade reserves the right to change the offer terms or terminate the offer at any time without notice. The free stocks, when combined with the value of all other free stocks received in the same calendar year, may not exceed $500 per person. This offer is not transferable or valid in conjunction with certain other offers and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Firstrade, members of their household, and employees of any securities regulatory organization or exchange are not eligible. Firstrade may decline requests to enroll in the offer at its discretion. Other restrictions may apply.
Firstrade reserves the right to conduct a similar or identical program in the future, which may be governed by the same or different rules. This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transactions.
Please note, due to state law, individuals who reside in the following 3 states are prohibited from participating in Firstrade’s iPhone Raffle promotion:
Alabama, Hawaii and Utah
Congratulations to the winners of the iPhone Holiday Raffle Giveaway!
Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. An investor should understand these and additional risks before trading. Carefully consider the investment objectives, risks, charges and expenses before investing. All investments involve risk and losses may exceed the principal invested. Past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Firstrade is a discount broker that provides self-directed investors with brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice.
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Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A mutual fund or ETF prospectus contains this and other information and can be obtained by emailing email@example.com.
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Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities
System response and access times may vary due to market conditions, system performance, and other factors.