Firstrade reimburses the ACAT transfer fee your old broker charges, up to $250, when you move $2,500 or more in eligible assets and keep them parked for 12 months.
Researched and rated by the BrokerBonuses editorial team · Last verified 2026-06-10 · How we rate
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Availability
Checking availability…The catch
Cash credit equal to the actual outbound ACAT fee your previous broker charged (typically $75-$100, capped at $250, you only reach the cap if your prior firm billed that much). Requires a full or partial ACAT transfer of $2,500 or more in eligible securities (mutual funds and fixed income do NOT count toward the $2,500). You must submit proof of the fee from your old broker's statement within 60 days of the transfer; the credit posts within 30 days of approval.
How to claim
- Open a Firstrade regular investment account or eligible IRA (Traditional, Roth, or Rollover).
- Complete a full or partial ACAT transfer of $2,500 or more from another brokerage (excluding mutual funds and fixed income products).
- Within 60 days of the transfer date, submit a copy of your most recent statement from the previous broker showing the transfer fee charge (by upload, fax, or email).
- Firstrade reviews the submission and credits the rebate to your account within 30 days of receiving the evidence of charge.
Full review
Firstrade refunds the account transfer (ACATS) fee that your previous brokerage charges when you move your account to Firstrade. To qualify you complete a full or partial transfer of $2,500 or more in eligible securities (mutual funds and fixed income products do not count), then send Firstrade a copy of your old broker statement showing the fee within 60 days of the transfer.
The credit lands in your account within 30 days of approval. The catch is the $250 figure in the headline. The rebate is based solely on the actual fee your old broker charged, so most transfers reimburse far less, typically the $75 to $100 outbound ACAT fee that brokers commonly charge.
You only see $250 if your prior firm billed that much. There is also a holding string attached: the account must stay open for 12 months and the balance must remain at or above $2,500. If it drops below that through withdrawals or outgoing transfers in the first year, Firstrade may claw the rebate back.
Eligibility covers regular investment accounts and IRAs (Traditional, Roth, and Rollover). Partnership, Corporate, Investment Club, ESA Education Planning, and Custodial accounts are excluded. The offer is open to anyone Firstrade can legally serve, but it is not available in jurisdictions where Firstrade is not authorized to conduct securities transactions.
Pros
- +Covers the real outbound transfer fee that often deters switching brokers
- +Works for both taxable accounts and IRAs
- +Cash credit, not a restricted bonus, so it is fully withdrawable after the hold
Cons
- −The $250 is a cap, not the typical payout; most users get the $75 to $100 their old broker actually charged
- −Requires manually submitting proof of the fee within 60 days
- −12-month hold with a $2,500 minimum balance, or the rebate can be reversed
- −Mutual funds and fixed income do not count toward the $2,500 minimum
- −eligibleCountries is set to 'all' but the offer is only valid where Firstrade is authorized to conduct securities transactions, effectively a US-account promotion, not globally open
- −The $2,500 minimum-balance floor for the 12-month hold excludes mutual funds and fixed income, so positions in those products do not protect the rebate from clawback
$100 with Firstrade
Now you know the terms. Claim it on the broker's own site.
Sources & verification
We research every bonus from the broker's official pages and re-check it on a 60-day schedule.
Confirmed against official sources: Bonus amount, type, status, Withdrawal terms, Minimum deposit, Hold requirement, Time limit, Eligible countries, Account type, Turnover requirement.
Broker regulation: SEC (license 8-34642), FINRA (license 16843), SIPC (license Member).
- Bonus terms and conditions: help.firstrade.info ↗
- Firstrade official site: firstrade.com ↗
Last verified 2026-06-10. Next review within 60 days.