Tastyworks Is Handing Out Up to $5,000 – Here’s How to Grab Your Share

If you’ve been thinking about opening a brokerage account that’s built for active traders, Tastyworks has a pretty sweet incentive right now. From the same crew that brought you TastyTrade, this platform is all about DIY investing and giving you the tools to execute complex options strategies. And until the end of August, they’re offering a cash bonus that scales with your deposit. Let me break down what you need to know.

How the Bonus Tiers Work

The amount you get depends entirely on how much you deposit in a single transaction. It’s a straightforward ladder: drop $2,000 to $4,999 and you’ll get $50. Move up to $5,000–$24,999 and that jumps to $100. At $25,000–$99,999 you’re looking at $500. The real money starts at $100,000–$249,999 with a $2,000 bonus, then $3,000 for $250,000–$499,999, $4,000 for $500,000–$999,999, and finally $5,000 if you deposit $1 million or more.

Now, before you get too excited, there’s a catch you need to know about. That bonus isn’t yours to use as buying power right away. It gets credited to your account after two weeks, but it’s locked up for a full 12 months. If you pull your initial deposit out before that year is up, Tastyworks will automatically take the bonus back. So this is really for money you plan to trade with long-term.

• Deposit $2,000–$4,999 → $50 bonus
• Deposit $5,000–$24,999 → $100 bonus
• Deposit $25,000–$99,999 → $500 bonus
• Deposit $100,000–$249,999 → $2,000 bonus
• Deposit $250,000–$499,999 → $3,000 bonus
• Deposit $500,000–$999,999 → $4,000 bonus
• Deposit $1,000,000+ → $5,000 bonus

Who Can Get This and What to Watch For

This offer is open to U.S. residents 18 and older who are either brand new to Tastyworks (based on Tax ID) or existing customers who’ve never funded an account before. If you’ve ever had a funded Tastyworks account in the past — even if you closed it — you’re out of luck. Same goes if you’ve already snagged a bonus from a previous tiered promotion. One bonus per person, period.

Here’s the thing that trips people up: you must enter the referral code "MYNEWBONUS" in the referral code field when you apply. Miss that step and you won’t get the bonus. Also, this can’t be combined with any other Tastyworks promo, and internal transfers don’t count. So make sure the money comes from outside the platform.

• You must be a new customer (by Tax ID) or an existing customer who never funded an account before.
• Enter referral code MYNEWBONUS during application — no exceptions.
• IRAs are not eligible; only standard taxable brokerage accounts qualify.
• The bonus is credited within 2 weeks but can’t be used as buying power for 12 months.
• If you withdraw your initial deposit before 12 months, the bonus is reversed.

Why Tastyworks Stands Out for Active Traders

Tastyworks was built by the former executives behind thinkorswim, so it’s no surprise the platform is packed with features for serious traders. You can trade single and multi-leg options, stocks, ETFs, futures, cryptocurrencies, and even Bitcoin futures. The onboarding is quick — under five minutes — and you get access to screeners for stocks, options, mutual funds, and fixed income.

One thing I really like is the social features. You can follow top traders, see their strategies, and even copy their moves. There’s also an in-platform video feed where market pros discuss trades in real time. It’s not for everyone — if you’re a buy-and-hold investor, this might be overkill. But if you’re actively trading options, it’s a powerful tool.

• No minimum deposit to open an account.
• Trade options, stocks, ETFs, futures, crypto, and more.
• Advanced order types: limit, market, stop, bracket, GTC, conditional.
• Research tools: screeners, charting, idea generator, third-party research.
• Social trading: follow and copy top traders, watch live strategy discussions.

Bottom Line

• Deposit at least $2,000 by August 31, 2025 to qualify for a bonus from $50 to $5,000.
• Use referral code MYNEWBONUS when you apply — don’t forget this step.
• The bonus is locked for 12 months; early withdrawal means you lose it.
• IRAs are not eligible; only standard brokerage accounts count.
• This is a great deal if you’re an active trader and can commit the funds long-term.

Common Questions