TradeStation Reward Program Details

Fact checked by
Mike Christensen, CFOA
September 18, 2024
The $50 TradeStation reward applies only to initial funding, while Robinhood Gold offers a 1% match on every IRA deposit and a 5.5% interest rate.

A recent question in TradersPost office hours clarified the specifics of the TradeStation reward offer. Users wondered if the $50 reward could be earned multiple times for every $500 deposited, or if it applied only to the initial funding.

TradeStation Offer Clarification

The $50 reward is available only for the initial funding of the account, not for every $500 deposited . This means traders can earn the reward once when they first fund their account, but subsequent deposits do not qualify for additional bonuses.

Alternative Offers to Consider

Robinhood, for example, offers a 1% match on every deposit for IRAs if you are a Gold member. Additionally, Robinhood provides a competitive 5.5% interest rate on cash balances, which makes it an attractive alternative for traders looking for ongoing deposit rewards .

Conclusion

The TradeStation $50 reward applies only to the initial funding, but traders may find better long-term benefits with alternatives like Robinhood’s Gold membership for IRA deposits.

Ready to automate your trading? Try a free 7-day account:
Try it for free ->