Zacks Trade: Up To $3,000 Brokerage Bonus (No Holding Period)

The Offer

Direct link to offer

• Zacks Trade is offering a brokerage bonus of up to $3,000. Bonus tiers as follows: 

  • Deposit Amount	Cash Credit
    $1,000-$4,999	$75
    $5,000-$24,999	$150
    $25,000-$49,999	$250
    $50,000-$99,999	$350
    $100,000-$199,999	$500
    $200,000-$499,999	$750
    $500,000-$999,999	$1,000
    $1,000,000-$1,999,999	$2,000
    $2MM+	$3,000

The Fine Print

Our Verdict

Very strange that there is no holding requirement. There are fees, full list here but an outline: 

• Stocks & ETFs (Greater than $1 per share): $0.01 per share, **$1 Minimum
  Stocks & ETFs (Less than $1 per share): 1% of trade value, **$1 Minimum
  Inactivity fee: $15/ month for accounts under $25,000 with less than $15 in commission fees each month.
  Withdrawals: Free (one per month), Any subsequent withdrawal in the same month is $1 for an ACH, $4 for a check and $10 for a wire.

Don’t really see how this is sustainable with no hold period. Seems a bit too good to be true. Would definitely be the best brokerage bonus if it all holds true but I’m feeling skeptical. What are we missing? 

Hat tip to reader Other James