OptionsXpress $100 Bonus and More!

OptionsXpress, an online option & stock brokerage, can help you use options to protect portfolios, maximize returns on stocks, and increase investment income. With its innovative tools, they reduce the mystery and complexity of options to execute suitable options investment opportunities. You will find that optionsXpress site is easily to navigate and accessible. Opening an account takes less than five minutes online. Their excellent services include live help online, by phone and prompt email responses. There is no fees. They have been featured in Forbes.com, Businessweek.com, voted best online Brokerage by Kiplinger’s, and many more.

Here’s the deal. If you deposit $500 right now for your new account, they will add $100 bonus. It’s a referral program whereas I get $100 bonus too. This is by far the biggest referral bonus that is out there. Hence, you can refer your friends and family. Simply send me an email with your full name for $100 optionsXpress bonus to Hustlermoneyblog@gmail.com to get a referral link.

You should get an email just like this:

Dear Investor,

Your friend hustlermoneyblog@gmail.com referred you to open an account at optionsXpress but we have not received your application yet.

Your friend seems to think that optionsXpress could be a great fit for your online investing needs – we invite you to open an account today and we’ll give you a $100 when you fund your new account by January 15th, 2008.*

Come join over 250,000 investors who already call optionsXpress their investing home – open an account today.

Regards,

bennett_n
Ned Bennett
CEO, optionsXpress Inc.

As you can see, I sent myself a referral link to test it out. For the first email, there was no mention of the $100 bonus. So after a few days, you will get a 2nd email saying you can get $100 bonus by opening an account. I suppose you want to wait for 2nd email before opening an account.

Here’s more of the fine print on the $100 promotion:

In order to qualify for the $100 offer, account application must be completed and a deposit of funds in the amount of at least $500 must be made by January 15, 2008. Those who qualify will receive funds in their account on or before January 31, 2008. Customer may only qualify once for this offer.

Follow these steps:

1. Email me to Hustlermoneyblog@gmail.com for a referral link.
2. At the new account application page, choose Individual account, Cash (No Minimum Deposit), Options.
3. Click Next Step, then fill out all the basic info includes name, email, etc etc.
4. They will ask you a few questions to identify you.
5. Later choose ACH transfer (it’s free) to deposit money into you account. They will need you verify two amounts. It takes 2-3 days for you to see the small deposit and withdrawal.
6. Once you have been verify, deposit $500 and you should see your bonus before January 31st, 2008.

Good thing about OptionsXpress is that there is no hidden fees. From the website:

So, when we say “no hidden fees”, here is what we mean:

We DO NOT charge:

For account use, connection or access
For volume or quantity of activity
For real-time or streaming quotes
For standard withdrawals or deposits
For postage or handling of mail in the United States
For any “minimum balance maintenance costs”
For any “no-activity maintenance costs”
For any checking account maintenance costs

We DO charge:

$15 for outgoing wire transfers within the U.S. ($30 for international wires)
$50 for physical stock certificates
$50 for outgoing account transfers
$50 for IRA account termination*

One important thing to note is that I’m not sure you have to make a trade in order to get the $100. In the email, there is no mention about New Account Holder must make a trade. But from their referral page,

Terms:
Offer limited to one reward per customer for each unique referral resulting in an activated, funded optionsXpress account which has executed at least one trade. Free rewards will be delivered or made available within thirty days of the referred account’s first trade. Customers who select free trades for referrals will receive a single $14.95 deduction from their total commission for each of the next ten trades following offer availability. Unused free trade credits cannot be exchanged for other offers, cash or credit. Those who select $100 in their optionsXpress account cannot exchange the $100 for other offers, cash or credit. Trading books and optionsXpress gear are subject to availability. We reserve the right at our sole discretion to cancel, modify or suspend this offer program at any time without notice.

If you are going to open a new account, make sure you write or call them to verify this. If you have to, buy a cheap stock then make a trade. It will cost you $14.95 for a trade, but you will get the $100 bonus. Then you can make more money by referring your wife/husband, family members, friends, or even for your children by opening a custodial account. Again, email me for a referral link. It’s a Win-Win situation, but in any case, Thank You for supporting me.