Sharebuilder, an online brokerage founded in 1996, is now offering a $100 bonus to join with offer code 100LSQ4. Part of ING Direct, Sharebuilder offers an online trading platform that is ideal for the novice investor; no minimum balance is required, and there are no maintenance or inactivity fees. They are best known for their investment strategies, including dollar cost averaging and free dividend reinvestment. These investment strategies area geared towards helping their clients make money and save money. Other services offered by Sharebuilder include free investment advice, retirement planning, access to research tools that have been extensively created, Fund Transfers, Taxes, Portfolio Builder, as well as trading in Margins, Stocks, Options, and ETF’s.
You must open a new ShareBuilder account and deposit $5,000 or more to be eligible for this promotion. ING DIRECT Investing will deposit a $100 bonus approximately 4-6 weeks after your first $5,000 deposit. The $100 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRAs or ESAs. The $100 bonus is not available for withdrawal for 90 days after it is awarded to your account. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder account bonus per unique customer or custodial beneficiary. We reserve the right to terminate this offer at any time and to refuse or recover any promotion award if we determine that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of our Account Agreement have been violated. Offer expires 12/31/13.
Investor education is a key focal point of ShareBuilder’s ever-evolving services and one of the highlights of membership. Depending on your membership, some of its search tools include the Stock Finder, Mutual Fund Finder, ETF Finder, and Fund Compare tool that allows you track market moves with Market Mover and identify the highest rated stocks with the Stock Grade Finder. There is also a Watch List to keep track of possible investments you’re considering. Sharebuilder has two tiers of membership, Basic and Advantage:
- The Basic plan include automatic investments that carry a fee of $4 and real-time trades are $9.95. It is good for beginners to investing, but also perfect for infrequent investors.
- The Advantage plan requires a monthly fee of $12, but with this membership, you receive 12 free trades each month, if those are done by automatic investment. Each automatic trade in excess carries a fee of only $1. Real-time online trades, on the other hand, are $7.95. Real-time trades are executed as soon as possible after you place the order. Also, members get access to one of ShareBuilder’s most instrumental research tools and stock reports.
Overall, Sharebuilder is adequate if you’re just looking to set up and forget an account with automatic investments; however, it is not ideal for you if you’re a day trader. Otherwise, some of the benefits such as no account minimums, no maintenance or inactivity fees make it worthwhile, especially if you consider the $100 sign up bonus. Sign up today!
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