TradeStation offers up to $2,500 for opening account with TradeStation Crypto

Rick Steves

TradeStation Crypto offers customers a $10 reward just for opening an account with them.

TradeStation has announced that new TradeStation Crypto customers will be awarded up to $2,500 in cash or a supported cryptocurrency after opening a TradeStation Crypto account.

The new offering reinforces the broker’s continued commitment to serve clients looking to gain exposure to the emerging asset class. The self-clearing online brokerage will continue to offer access to stocks, ETFs, options, and futures.

Cash or crypto reward based on the amount of customer deposit

TradeStation Crypto offers customers a $10 reward just for opening an account with them, but they can qualify for a higher tiered cash or crypto reward for funding their account, based on the amount of a qualifying deposit.

Existing TradeStation Securities customers who are not TradeStation Crypto customers and open a TradeStation Crypto account are also eligible for the initial $10 reward and tiered reward based on a qualifying deposit.

Individuals who open a new Self-Directed Individual Retirement Account (IRA) through TradeStation Crypto are also eligible for the rewards.

The Self-Directed IRA allows customers to hold and trade crypto in a tax-deferred account that provides exposure to crypto assets as well as the opportunity to earn interest on crypto assets held at TradeStation Crypto.ƚ

To qualify for the tiered reward, a new approved TradeStation Crypto customer must fund at one of the following deposit levels:

A Minimum Deposit of $5,000 will reap the reward of $200 in cash or crypto, while a customer with an amount of $10,000 gets $500. Higher figures give access to higher rewards. A minimum deposit of $100,000 will collect $1,000 USD or Crypto, and the maximum reward of $2,500 USD can only be achieved with a deposit of $1,000,000.

Eligible customers must make a qualifying deposit within 90 days of account approval to be eligible for a tiered bonus reward. This offer cannot be combined with any other offer or promotion, the broker stated.

John Bartleman, President and CEO of TradeStation Group, said: “We think customers, regardless of experience level, will enjoy our trading tools, crypto education resources and support services once they open their TradeStation Crypto account.

“Crypto continues to gain momentum as more traders and investors take interest in the asset class, and TradeStation can support them every step of the way as they work toward gaining a financial edge.”

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

TradeStation going public in $1.43b deal that includes Galaxy Digital

TradeStation is an online broker that offers support to self-directed traders and investors by providing access to trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies.

The broker has recently announced it is going public via a SPAC deal worth $1.43 billion which is expected to close in the first half of 2022. TradeStation will be listed on the New York Stock Exchange.

Monex Group Inc, the parent company of TradeStation would continue to retain the equity that it has now and it is expected that it would hold 80% of TradeStation when the deal closes.

A total investment of $115 million with $50 million each coming from the Monex Group and Galaxy Digital LP would be made. The participation of Galaxy Digital, a giant within the crypto space, might be behind TradeStation’s marketing efforts to promote its crypto offering.

Read this next

Institutional FX

Invast Global ramps up its offering with 10 soft commodity CFDs

Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

Executive Moves

Financial Commission Adds Sam Low to Dispute Resolution Committee

The Financial Commission (FinaCom PLC), a dispute resolution service that caters to the financial services industry, has appointed Sam Low as the newest member of its Dispute Resolution Committee (DRC).

Digital Assets, Uncategorized

De-facto owner of Bithumb exchange arrested in South Korea

South Korean prosecutors have arrested Kang Jong-Hyun, the anonymous chairman and owner of the country’s largest cryptocurrency exchange, Bithumb, on charges of embezzlement and stock manipulation.

Retail FX

Interactive Brokers volumes snap three-month losing streak

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January, an indication that investor confidence in the financial markets is rebounding after having been fairly mixed over the past few months.

Digital Assets

VVF invests $5 million in Everscale, a potential Layer 2 solution for Venom blockchain

“For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Institutional FX

FXSpotStream volume ends string of declines on January rebound

Trading volumes on institutional FX platforms surged in January as traders increased their bets on central bankers’ policy with evidence mounting that inflation and economic growth are both losing momentum.

Industry News

DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

<