Terms & Conditions:

Promotion Period: Offer valid from December 3, 2024, at 12:00 AM ET to March 31, 2025, at 11:59 PM ET.

Eligibility:This offer is valid for new Firstrade Individual Retirement Accounts (Traditional, Roth, or Rollover IRAs) opened between December 3, 2024, and March 31, 2025, with deposits made during the Promotion Period. Other retirement account types and internal fund transfers from existing Firstrade accounts are not eligible.
The account must be opened using the designated "Open a No-fee IRA" button on the promotional offer page. Limit of one offer per account type. This offer is non-transferable and available to U.S. residents only.

How it Works:
Firstrade IRA 2% Contribution Match: Eligible for customers who open a Traditional, Roth, or Rollover IRA during the Promotion Period and successfully deposit via Electronic Funds (ACH), Wire Transfer, or Check to make new contributions. Firstrade will match 2% of the customer’s new contributions, up to the IRS annual contribution limit.

Firstrade 2% ACAT Transfer Match: Firstrade will match 2% of a customer’s ACAT transfers (up to $1,000,000) to their Firstrade Individual Account during the offer period. Mutual Funds & Fixed Income products transfers are excluded from the eligibility of this promotion and reward calculation.
The total match bonus will be paid in three installments, in the amounts and on the dates indicated below.Each installment of the Deposit Bonus will be calculated and paid directly to the customer’s account on the respective Payment Date.

Important Bonus Conditions:
The match bonus is based on the net qualifying deposit amount during the Promotion Period, minus any withdrawals before each Payment Date. Market fluctuations on deposits will not affect the bonus calculation. Accounts must maintain the net qualifying deposit amount through the Third Payment Date to receive the full bonus. Early withdrawals may result in a reduction of subsequent bonuses or the forfeiture of future bonuses, and Firstrade reserves the right to recover shortfalls caused by such withdrawals.

The bonus is calculated as:
(Net Qualifying Deposit (during Promotion Period) – Withdrawals (before Payment Date) )* 2%.

If withdrawals exceed deposits made during the Promotion Period, the customer will forfeit any remaining bonus payments.

Examples of Calculations:
Firstrade IRA 2% Contribution Match:

• Example 1: If you contribute $3,000 at the beginning of the Promotion Period and add another $4,000 before the end of the Promotion Period, bringing your total qualifying contribution to $7,000, and you don’t have any withdrawal between promotion period end and the first payment date, your first payment will be calculated as ($3,000 + $4,000) * 2% * 1/3 = $46.67.
• Example 2: If you contribute $5,000 within the Promotion Period and then contribute an additional $2,000 between the end of Promotion Period but before the First Payment Date, and no withdrawal is made in between, your total qualifying amount will be $5,000, as only contributions made during the Promotion Period are eligible. Your first payment will be calculated as $5,000 * 2% * 1/3 = $33.33.
• Example 3: If you contribute $7,000 within the Promotion Period but withdraw $3,000 after the end of the Promotion Period but before the First Payment Date, your total qualifying amount will be reduced to $4,000 ($7,000 - $3,000). Your First Payment will then be calculated as $4,000 * 2% * 1/3 = $26.67. It applies to other withdrawals made before any payment dates.
• Example 4: If you contributed $2,000 during the promotion period and an additional $5,000 after the promotion period but before the First Payment Date, and then withdrew $3,000—an amount greater than your qualifying deposit of $2,000—you will not receive any bonus.

Firstrade ACAT 2% Transfer Match:

• Example 1: If you transfer $500,000 at the beginning of the Promotion Period and add another $100,000 before the end of the Promotion Period, bringing your total transfers to $600,000, your first payment will be calculated as ($500,000 + $100,000) * 2% * 1/3 = $4,000.
• Example 2: If you transfer $500,000 within the Promotion Period and then contribute an additional $10,000 after the Promotion Period but before the First Payment Date, your total qualifying amount will be $500,000, as only contributions made during the Promotion Period are eligible. Your first payment will be calculated as $500,000 * 2% * 1/3 = $3333.33.
• Example 3: If you transfer $500,000 within the Promotion Period but withdraw $10,000 (an amount less than your qualifying deposit $500,000) before the First Payment Date, your total qualifying deposit amount will be reduced to $490,000 ($500,000 - $10,000). Your First Payment will then be calculated as $490,000 * 2% * 1/3 = $3,266.67. It applies to other withdrawals made before any payment dates.
• Example 4: If you transfer $500,000 within the Promotion Period and an additional $100,000 after the promotion period but before the First Payment Date and then withdrew $510,000 (an amount greater than your qualifying deposit $500,000), you will not receive any bonus.

Transfer Fee Rebate: Eligible ACAT transfers may qualify for a transfer fee rebate of up to $250. The transferred amount must exceed $2,500 to qualify. Proof of transfer fees must be submitted within 60 days. The account must remain funded for 12 months to retain the rebate. If the account’s balance falls below $2,500, Firstrade reserves the right to reverse the rebate.

This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. Void where prohibited.

Taxes: The Match is treated as interest earned and does not impact contribution limits. Taxes related to Firstrade offers are your responsibility. Please consult a qualified tax advisor prior to making any rollover or transfer.