Online brokerage firms have become a fierce and competitive business in the 21st century. With the advancement of the Internet and online banking, many companies are taking it to the next step and allowing individual investors to buy and sell securities online. Consumers can quickly and easily complete online trading account applications allowing them to become the masters of their financial domain, with no broker involvement required.
New Account Perks
All online brokerage firms need to expand their customer bases and the amount of trades they conduct to keep increasing their revenue stream. As with any financial business they will do what they can to attract new investors and that includes offering promotional incentives to new customers to open new accounts. Some of these perks include offering a starting cash balance (free money) of up to $100, or even offering free trades for new accounts.
If you are partial to getting free trades as a bonus to opening a new account, the process for locating that promotion is quite simple. Just visit your favorite search engine and enter keywords looking for free trades. Within seconds you will get both paid advertisements (in the shaded areas on a page) or other page information (under the search box and not shaded). Click through the option of your choice and then you can review the offers from online brokerage firms. Bookmark your favorite pages, open up several web browser windows and compare the offers side by side.
By comparison-shopping, using the internet to research your request and opening a new account, you can easily secure free trades. You can also visit investor forums where they will often trade coupon codes and special email only offers with members.
Getting free stock trades by opening a new online trading account is the modern equivalent to the old practice of banks handing out toasters to customers who opened a new savings account. The practice of promotional giveaways is an old one that is experiencing a new spin courtesy of the Internet and the online trading boom.