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tastytrade Promotions for Dec 2023: Get Up to $2000 Bonus
To get the Tastyworks referral bonus, sign up with Tastyworks Referral Code: GNXN4FRRTW and deposit at least $2,000 within 60 days.
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tastytrade has one of the most generous sign-up promotions among all stockbrokers. tastytrade has various promotions, it comes and it goes. Previously, promotions such as the $500 sign up bonus, $250 sign-up promotion and the trading challenge were very popular. With the trading challenge, you will have an opportunity to earn $250 by test driving a simulated tastytrade account.
On the contrary, these promotions are already expired. As of Feb 2024, tastytrade promotes the 2023 Tiered Offer, you can earn up to $2000 with the tastytrade tiered promotion offer. Below we will explain how you can earn more cash through the 2023 tastytrade tiered offer promotion and tastytrade referrals.
To find out why tastytrade is one of the best stockbrokers today, make sure to read our tastytrade Review and other related articles.
$2000 Tiered Offer Promotion for 2022
With this tastytrade tiered promotion, you can earn a cash bonus when you fund your tastytrade account. To be eligible for this promo, don’t forget to include the tastytrade referral code: TIERED_2022 in the tastytrade referral code field. Also, existing customers must receive an email from sponsor validating they are eligible to participate in the 2022 tiered Promo.
This promotion is valid today until January 31, 2023 and bonus amount depends on funding amount.
| Bonus Amount | Funding Amount |
|---|---|
| $100 | For a deposit of $5,000 - $24,999 |
| $500 | For a deposit of $25,000 - $99,999 |
| $2,000 | For a deposit of $100,000+ |
Tastytrade Promotion: $500 Sign up Bonus (Expired)
The most recent tastytrade promotion is an opportunity to receive $500 when you sign up and fund your account. To qualify for this promotion, you must be an approved new customer and fund your tastytrade account with $10,000 USD. You will receive a cash deposit of $500 in your tastytrade account one week from the time of the initial deposit. This offer is set to expire on 12/31/2021.
tastytrade Promotion: $200 Crypto Promotion (Expired)
The second tastytrade promotion is for those who are interested in trading cryptocurrencies. You can receive $50 or $200 worth of cryptocurrency when you open and fund a new tastytrade account before 12/31/2021. To qualify for this promotion, you must be a legal U.S. resident who does not live in New York or Hawaii, and be 18+ as of date of participation.
- To get $200 worth of cryptocurrency, open and fund a new account with $2,000.
- To receive $50 in cryptocurrency, open and fund a new tastytrade account with $200.
To receive this tastytrade promotion, you must also open a digital currency trading account with Zero Hash through the tastytrade Customer Account Management site. Additionally, you must hold the initial deposit and the crypto bonus in your account for at least 3 months.
tastytrade Promotion: $250 Sign-up Promotion (Expired)
Another ongoing tastytrade promotion is the $250 trading challenge. Basically, tastytrade will pay you to try out their platform. All you have to do is open an account and let the tastytrade support team know that you want to participate in the tastytrade trading challenge. You will get two days or two consecutive trading sessions to paper trade stocks and ETFs. Note that while you will have access to real-time equity, ETF, and Futures option data during your simulated trading sessions, equity and Futures option profits do not count towards the profit for this promotion.
At the end of the two days, tastytrade tallies up your earnings, and if you earn at least $250, they’ll pay you the earnings (up to $250) in real cash in your account. Lastly, to receive this promotional award, you must fund your tastytrade account with at least $2,000 USD within 30 days of completing this challenge.
Somethings to keep in mind about this tastytrade promotion:
- You are limited to $5,000 in buying power during the trading challenge period.
- You must complete the trading challenge period within 14 days of registering for a trading challenge account.
- The only accounts that qualify for this promotion are individual margin or cash accounts.
- You must fund your account with a minimum of $2,000 USD within 30 days after completing the trading challenge.
Tips for winning the tastytrade promotion challenge
Making $250 with $5,000 in two days may seem difficult, especially if you are new to trading. However, it is doable during the recent market volatility. Before you read further, keep in mind that any trading advice provided on this blog are for educational purposes only. Nothing in the trading challenge simulation is intended to perfectly replicate the real trading environment. With that said, here are our tips to win the $250 trading challenge:
First, stay away from penny stocks for this challenge (or to be honest ever). The current market volatility offers enough opportunity to make $250 in highly liquid stocks. Second, follow the trend. We have seen 1-2% moves almost every day in major indexes since April. That said, on any given day, you can get a decent idea about the broader market direction from the pre-market moves. Start the trading challenge as early as possible on the first day because your challenge ends at the second market close. Fortunately, some rules of trading such as pattern day trading (PDT), use of unsettled funds, and hard-to-borrow status do not apply to this trading challenge. This means that you can make as many trades as you want during the trading challenge period.
The biggest advice we can give you is to not risk more than 10-15% of your account balance ($1000-1500) on any trade during this challenge. You don’t have to make all $250 in one trade. If you are not sure which stocks to trade, try using an online stock screeners such as trade-ideas or Finwiz. Additionally, you can hop on the trade-ideas free trading chat room every morning, where expert day trader Barrie Einarson shows you his trade-ideas scanner and takes live trades in real-time. We love and have been using the trade-ideas for over a decade and highly recommend it.
Can you combine tastytrade promotions?
You may be wondering if you can combine tastytrade promotions to earn up to $950 ($250 from the trade challenge, $200 in crypto, and up to $500 from free shares). We reached out to the tastytrade support team to find out. Unfortunately, sign-up promotions cannot be combined. If you have the funds, we recommend the $500 sign up promotion as it requires less work and is guaranteed cash in your account. However, this should not keep you from trying the $250 trade challenge or open a crypto account. If you’re a skilled trader and feel confident that you can earn $250 with $5000 paper money, then you should give it a shot.
tastytrade Traders Day Appreciation Promotion
Every August, tastytrade offers commission-free trading on a single day as a token of appreciation for using their platform. The tastytrade promotion applies to equity options only and is a great opportunity to place many small multi-legged options trades (such as iron condors) with a high probability of profit. Note that this promotion is for free commissions only. Clearing, regulatory, exchange, and proprietary index option fees still apply to both opening and closing trades. This year, Trader Appreciation Day is on the 18th of August.
tastytrade Referrals: Receive $100 per referral
In addition to tastytrade sign-up promotions, you can receive cash prizes from tastytrade referrals. tastytrade’s referral program is quite generous, paying $75-100 in cash prizes for each referral. Read my full review of the tastytrade referral program or sign-up for a tastytrade account with this referral link. If you haven’t made your mind about opening an account yet, read this tastytrade review and learn why tastytrade has the potential to be one of the best stock brokers out there.
Past tastytrade Promotions
For newcomers, it may be interesting to know some of the most recent tastytrade promotions.
100 Free Stocks or 10 Options (2021)
Between May 2020 and November of 2021, tastytrade was offering 100 free stocks to new users of its platform when they signed up and funded their accounts with at least $2,000 USD. According to the promotion terms, the stocks were priced between $1 and $6 USD, with 70% chance of being under $2 USD and 30% chance of being over $2 USD. Based on our experience, the overall value of the stocks received were on average $200-220 USD. Will this promotion come back? We hope so!
Tesla Model 3 Promotion (2020)
On May 1, 2020, tastytrade awarded a model 3 Tesla to one tastytrade customer. To qualify for that promotion, all you needed was a tastytrade account with a minimum of $2,000 balance at the time of the drawing.
tastytrade is a new brokerage firm, and as with all start-ups, customer acquisition comes at a cost. Let’s be honest, there is no shortage of stock/options brokers today, though there is a shortage of professional brokers with low fees and commissions. Commission and fees are where tastytrade truly shines, as tastytrade has the lowest commissions and fees for options and stocks among professional brokers. While the higher cost of user acquisition may be a heavy expense for tastytrade, it presents a great opportunity for new customers to benefit from tastytrade promotions.
Hello, I am considering opening an account. Is the $250 Challenge open to non-US citizen too?
Hi Robert – The $250 challenge is only available to us residents. This is also noted in the terms of the promotion: https://challenge.tastyworks.com/challenge.html
is there a minimum holding period, for $10,000 deposit with $500 bonus offer?
The minimum hold period for this promotion is 3 months.
If you miss entering the 2022 code , good luck trying to navigate back , you will waste an hour doing circles and it wont let you enter the code thru their directions , then customer support gives you a link that puts you back into the circle you cant add the code to .