Offer Details
Written by: RJ
Requirements *Updated 9/10/24*
- Open a new brokerage account
- Deposit the following amounts and maintain balance for 120 days
- $2k = $50
- $6k = $150
- $25k = $300
- Must invest 80% of the deposit by day 150
Eligibility
- Nationwide
- The Eligibility Criteria for the Offer are as follows: (a) The Customer currently has a live and active Alpaca Trading Account; (b) The Customer must be an Opto newsletter subscriber on or after the date on which the Offer begins (clause 6: Offer Period); and (c) The Customer is not an employee or an immediate family member of an employee of Opto or any other company within its group, as determined by Opto in its sole and absolute discretion.
- News letter is at the bottom of this page
Fees
- Opto invest is fee free
Account Closure
- No rule listed
Chex
- No
Valid through: No end date listed
Thoughts
Not a bad offer. Watch the weird news letter requirement. To me, it reads as if we need to also sign up for that. Best join with the same email to be covered.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
The amount is 25,000 now. I am glad I made it when it was just 3k. Hope they honor it!
I made the account when it was 3k but only funded today after they moved it to 25k. I would hope they honor the amount listed upon account opening.
Checked with customer service and they will honor the 3,000/300 bonus if your account was registered prior to the bonus change.
Thanks, good to know!
I assumed that would be the case. A little gift for early adopters. Still want to have a screenshot just in case 🙂
I heard that SGOV is available as an investment option. If I do this deal, which I think I will soon, then I’d invest 100% of that $3k into SGOV once there. Assuming 120 days invested into SGOV and 15 days buffer, this deal turns out to be effectively around 32% APY.
Did anyone take a screenshot of the previous tiers of 300$ for 3000$? Would you mind sending them to rkorol@outlook.com? Thanks!