Investing in stocks may make you feel uneasy in 2020; however, the good news is that there are a great number of promotions to help encourage you to get back (or jump for the first time) into the stock market game. Whether you dabble in stock accounts or are a first-time investor, below is an overview of some direct brokerage sites that are offering some lucrative investment promotions this December.
National Bank Direct Brokerage offers a plethora of accounts to meet the differing investment needs of Canadians, whether you are “new” to the stock market trading world or an expert. Enjoy incredible pricing, with reduced exchange-traded funds and commissions at $0.
There are three different trading accounts to choose from. For those who conduct 100+ trades each quarter, National Bank Direct Brokerage provides the “Active Investor” account: stocks are $0.95 for each trade, you gain access to the Market-Q trading platform, and there are no yearly admin costs. The “Young Investor” account, geared to individuals aged 30 and younger, offers 10 free trades, annually, as well as no yearly admin fees. The last offering, the “National Bank Client” account, is aimed at existing customers of the National Bank. Stocks are placed at $6.95 for each trade, and options are provided at $6.95 + $1.25, for each contract.
For more details on these accounts, plus others offered, visit National Bank Direct Brokerage.
RBC Direct Investing
Want to save over $200? This could be added to your holiday shopping budget! Open a new RBC Direct Investing account by December 31, 2020, and you will be eligible for this savings, plus more. Clients who qualify will also be able to trade free for a year by gaining access to 25 commission-free trades. When applying for the account online, use the NTBW4 offer code, and a transfer or deposit of $5,000 CDN (or more) is needed by March 5, 2021, to qualify.
Once your 25 commission-free trades have been used, clients are charged $9.95 or less per equity trade. Once 150 trades have been completed, the fee drops to $6.95. At this point, no minimum trading or account balance is needed. Plus, if you are an RBC client and participate in their RBC Rewards program, you can redeem points to pay for trades, or turn them into cash.
For more information, visit the RBC Direct Investing.
Scotia iTrade offers a promotion where clients can earn up to $1,500 with a $6.99 equity commission, or 500 free equity trades. To qualify, you must open a new iTRADE account using the code FT21 (for free equity trades), or C21 (for up to $1,500 cash and $6.99 equity commission) by March 1, 2021. Minimum fund requirements are needed by March 31, 2021, to be eligible for the promotion.
Once you meet the requirements, funds need to be held in your new iTRADE account until June 30, 2021. Eligible clients of this offer receive funds and/or commission rebates (both on the pricing special and free trades) by July 31, 2021. It is important to note, this promotion is only open to new Scotia iTrade clients.
For more information, visit Scotia iTrade.
CIBC’s Investor’s Edge
Whether you are a current Investor’s Edge client or looking to open up a new account, CIBC has a unique promotional offer right now. Qualify for up to $2,000 when you transfer money from an outside account to an existing or new CIBC Investor’s Edge account. Those that transfer $1,000,000+ gain access to the full $2,000, while amounts of $500,000 to $999,999 qualify for $1,000, and transfers of $100,000 to $499,999 earn $500. Other rewards include $200 when you transfer $50,000 to $99,999; $100 when you transfer $25,000 to $49,999; as well as $50 when you transfer $10,000 to $24,999.
The offer expires on March 2, 2021. For details on this deal, visit the CIBC Investor’s Edge.
Much like CIBC Investor’s Edge, BMO offers a tier-system money incentive; however, there are some differences. The promotion is currently open, and the deadline to qualify for up to $2,000 ends on Tuesday, January 5th. Clients opening a new Qualifying Account (i.e. the “Promotion” Account) are eligible, and the promo code SDCASH2000 is needed. New account types that are included in the requirements for “qualifying” are Self-Directed only, BMO InvestorLine Margin or Cash (joint or individual), Sole Proprietorship, Corporate, RRSP, Spousal RRSP, RRIF, and TFSA.
When clients invest $1,000,000+, they are eligible for $2,000, while $500,000 to $999,999 earns $950, $250,000 to $499,999 qualifies for $450, $100,000 to $249,999 earns $250, and investing $50,000 to $99,999 gets you $100.
For complete details on BMO’s direct investment promotion, visit BMO InvestorLine.
TD Direct Investing
For a limited time, clients can earn up to $1,100 when opening a new account. The offer is broken down into three requirements. You must open a new account, using the promo code INVESTNOW, by March 1, 2021. Customers also need to invest and maintain this new account by transferring a minimum of $15,000 to the account via qualifying “investable assets by April 30, 2021 and maintain the account until at least June 30, 2021. A trade or goal must be placed on the new account by June 30, 2021. These three actions qualify you to earn up to $1,000; however, customers are eligible for a bonus of $100 if they set up one Pre-Authorized Debit (PAD) OR one Monthly Contribution Plan (MCP) of at least $100 into one of your new TD accounts. This must be completed by April 30, 2021.
For more information on the account, visit TD Direct Investing.