Best Free Stock Trading Promotions for 2021

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Wondering if it's possible to buy a stock without paying a commission? Yes, it is! There are quite a few ways to get free stock trades. From my research for the best stock brokers, I've noticed a recent trend.

Many brokers are offering free trades when signing up. If you have a large amount of cash to invest, this could help minimize your transaction fees when signing up for a new brokerage firm.

Granted this isn't the same as our list of commission-free ETFs brokers list, or the completely free trades firms like Robinhood. But the brokerage firms listed below are more feature-rich services than the no frills free brokerage firms.

If you are deciding on using a broker that offers initial free trades and commission-free ETFs, you'll want to maximize the use of both. First, invest in stocks/mutual funds/ETFs that charge a fee and use up the initial free trades. Then, once the promotion ends, use their commission-free ETFs to continue paying no fees for your trades.

It's critical you minimize your transaction fees! Transaction costs eat into your returns, and unlike investment returns, it is a known cost. The less you pay in transaction fees, the bigger your possible return of investment. Over a lifetime of investing can be a significant drag on your returns.

With the current round of free trade promotions, discount brokerages either place a limited time on their offer, limit the number of trades you can make, or both. These are five free stock trading promotions I've discovered and are in no particular order. I also have highlighted the firms that offer commission-free ETFs in addition to their initial free trade offer.

TD Ameritrade – Free Trades

TD Ameritrade charges $0.00 per trade for all investors. TD Ameritrade not only offers free trades but also offers over 100 commission-free ETFs.

Robinhood – Free Trades

Robinhood doesn't offer any commission-free ETFs because all trades are free! That's right any ETF or stock you purchase within Robinhood is commission-free. Robinhood is a no-frills app-only service. If you are currently looking to trade via a web browser they currently don't offer this feature but in the works. Not only can you trade stocks and ETFs, but recently added options and cryptocurrencies into the mix.

Larry Ludwig

Larry Ludwig was the founder and editor in chief of Investor Junkie. He graduated from Clemson University with a bachelor of science in computers and a minor in business. Back in the ’90s, I helped create some of the first financial websites for firms like Chase, T. Rowe Price, and ING Bank, and later went on to work for Nomura Securities. He’s had a passion for investing since he was 20 years old and has owned multiple businesses for over 20 years. He currently resides in Long Island, New York, with his wife and three children.

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