Charles Schwab Referral Code (May 2022): $100-$,1000 Signup Bonus

February 21, 2022
Blog

Charles Schwab is an American online brokerage, banking, and money management service that operates through its subsidiaries. This brokerage has been acquiring companies and expanding, its latest acquisition was TD Ameritrade’s Thinkorswim engine, which will soon be available to all CS clients.

Charles Schwab has a referral program in place to benefit its clients: by using the referral link when signing up and making a qualifying deposit, you can earn from $100 to $1,000 as a sign-up bonus. You will also receive your own referral code, which you can use to invite friends and earn an additional bonus for each successful referral – you can invite friends as many as you want.

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How To Use Your Charles Schwab Promo/Referral Code

Charles Schwab has a referral program for new traders. When you sign up with Charles Schwab using the referral link (or our referral code YOREOYSTER), you will receive a bonus that ranges from $100 to $1,000, based on your deposits within 45 days of opening your account. You will earn:

  • $100 bonus, for net deposits between $25,000-$49,999.
  • $300 bonus, for net deposits between $50,000-$99,999.
  • $500 bonus, for net deposits between $100,000-$499,999.
  • $1,000 bonus, for net deposits over $500,000.

To use the promo code:

  • Visit Charles Schwab‘s page. Click on the Sign-Up/Create An Account button. 
  • Fill in your basic information.
  • Alternatively, you can call 800-398-8640 to enroll.
  • Finish the sign-up process and make your first deposit.

What Is Charles Schwab?

Charles Schwab is an online broker with over $7 trillion in assets on its platform. Charles Schwab has been acquiring other companies and expanding its business; its latest acquisition was TD Ameritrade’s Thinkorswim trading platform, and it will soon be available to all Schwab’s customers.

It has been pushing a move towards commission-free stocks and ETFs trading, and it  has increased its client base by 15.8 million in the past year

Charles Schwab Features

Some of Charles Schwab’s best features include:

  • Free stock and ETF trading.
  • Live customer support.
  • Research and educational tools, as well as stock and ETF screeners.
  • Robo-advisory services and a physical branch network

Charles Schwab Fees

  • No account minimum.
  • No fees stock and ETF trading.
  • $0.65 per options contract.

How To Sign Up With Charles Schwab

#1 Visit Charles Schwab‘s page. Click on the Sign-Up/Create An Account button. 

#2 Fill in your basic information.

#3 Alternatively you can call 800-398-8640 to enroll.

#4 Finish the sign-up process and make your first deposit.

Charles Schwab’s Referral Program

After creating your Charles Schwab account with our referral link, you will find your referral link in your profile under the Referral menu. Once you receive your link, you can:

  • Share your code via text, email, or with your social media audience.
  • There’s no limit to how many people you can invite. 

Is Charles Schwab Safe & Legit?

CSIM and Charles Schwab are registered under the SEC and it’s regulated by the Commodities Futures Trading Commission (CFTC). Like most brokers, it is regulated with respect to the futures and commodities trading as an introducing broker.

Introducing Wealthsimple Trade: Canada’s #1 Online Broker

I recently broke down 8 of Canada’s most popular online brokers, and Wealthsimple Trade came out ahead of everyone else. It scored so well because it excels on what I believe are the three most important factors when choosing a broker: fees, investing tools, and security.

Here’s how Wealthsimple performs in each of those areas, and why I believe it’s the best broker in Canada.

#1 Lowest Fees In The Industry

There are no costs for purchasing or selling equities and ETFs. There’s a $0 charge when you open or shut your account, withdraw funds, receive electronic statements, or have inactive accounts. A $20 fee is charged if you want a paper account statement.

The only fee you will ever pay is a conversion fee + 1.50%, only if you trade with USD. Compared to other brokerages, it’s quite cheap, considering most are charging more than 2%.

#2 Research And Investing Tools

Wealthsimple offers a premium service that gives access to real-time market data, and you can deposit up to $1,000 instantly. There’s also a Wealthsimple Trade Premium service that costs $3 per month.

They’re planning on launching an improvement called Wealthsimple Trade Plus. The service will offer unlimited price alerts, access to USD accounts, and more, all of this for a monthly payment.

#3 Bank-Level Security

Wealthsimple Trade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). That membership means that there’s a protection against insolvency to a maximum of $1,000,000.

Conclusion

Charles Schwab is an American online brokerage, banking, and money management service that operates through its subsidiaries. This brokerage has been acquiring companies and expanding, its latest acquisition was TD Ameritrade’s Thinkorswim engine, which will soon be available to all CS clients.

Charles Schwab has a referral program in place to benefit its clients: by using the referral link when signing up and making a qualifying deposit, you can earn from $100 to $1,000 as a sign-up bonus. You will also receive your own referral code, which you can use to invite friends and earn an additional bonus for each successful referral – you can invite friends as many as you want.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

The Best Crypto Exchanges In Canada

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