Tastyworks brokerage $500 money maker through 2/28/22: Just fund the account with $10K and leave it in for at least 90 days. Seems like a good return (5%) if you have some extra money to park for a few months. Member SPIC
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This deal would best go in the FINANCE forum. but I will leave it here in HOT DEALS for a day or two so it gets some exposure before returning it back to FINANCE.
Tastyworks is an online stock brokerage that specializes in stock options but you can also trade stocks.
Stock trades have $0.00 commissions. ACH transfers are free.
In February if you open a new account and keep it for 90 days they will give you $200 if your initial funding was $2,000 or more and they will give you $500 if the initial funding was $10,000 or more.
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Thanks Mr.Vietnam.
Anyone familiar with this company and how safe it would be to leave $10K with them? It looks like they started in 2016.
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@bc said in Tastyworks brokerage $500 money maker through 2/28/22: Just fund the account with $10K and leave it in for at least 90 days. Seems like a good return (5%) if you have some extra money to park for a few months.:
Thanks Mr.Vietnam.
Anyone familiar with this company and how safe it would be to leave $10K with them? It looks like they started in 2016.SIPC Protection
Securities Accounts (Apex)
tastyworks is a member of the Securities Investor Protection Corporation (“SIPC”). Therefore, funds are available to meet customer claims up to $500,000, which includes a maximum of $250,000 for cash claims.Aside from the protection under SIPC, Apex has purchased an additional insurance policy through a group of London Underwriters (with Lloyd’s of London syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million.
Please note that both SIPC and “insurance above SIPC coverage” protect against the loss of securities and cash due to the insolvency of a brokerage firm, not against trading losses or fluctuation/ depreciation in the market value of customer securities.
https://support.tastyworks.com/support/solutions/articles/43000435324-sipc-protection
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@bc said in Tastyworks brokerage $500 money maker through 2/28/22: Just fund the account with $10K and leave it in for at least 90 days. Seems like a good return (5%) if you have some extra money to park for a few months. Member SPIC:
Thanks Mr.Vietnam.
Anyone familiar with this company and how safe it would be to leave $10K with them? It looks like they started in 2016.I had put in $3k a bunch of years ago, and never actually did anything with it. Eventually I had to pull the money because of work requirements as they don’t do some reporting thing that work needs.
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Thank you gentlemen for your feedback.
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It looks like the offer is still valid. I’m going to guess it will count as interest income for tax purposes. Tastyworks is a brokerage firm. Your money should be as safe as with any brokerage.
