Fancy yourself a big stock investor? If so my current stock broker – Questrade – has a special promo where if you open an account with a minimum of $250,000 by December 31, 2011 you’ll get a free iPad 2. Also if you transfer from another brokerage firm they’ll pay your transfer fees up to $150.
Personally I wouldn’t open an account _just_ for the free iPad, especially at that range, but mainly for the fact that – to my knowledge – they offer the lowest commissions of any Canadian stock broker.
But hey, if you’ve got that kind of cash and you’re looking for a stock broker why not get a free iPad 2 as well, no?
Terms and conditions (taken from their website):
Questrade is offering new and existing clients an iPad 2 when opening a new account.
- Open and fund an account with a minimum of $250,000 in assets by 11:59 p.m. ET, December 31st, 2011.
- Must quote offer code IPAD250 at the start of the account application.
- Offer open to new and existing equity clients. Forex accounts are not eligible.
- If you are funding your account by transferring from another broker, the transfer must be initiated by 11:59 p.m. ET, December 31st, 2011 and must be completed within 90 days of initiation to qualify for the offer.
- Amounts quoted are in CAD.
- This offer is not available with any other Questrade offer except FREE TO TRANSFER (see below).
- New accounts by existing Questrade clients cannot be funded by transferring funds from another Questrade account.
- Account holders must maintain a minimum account balance of $250,000 in assets for at least 6 months of account activation. If the account balance falls below $250,000 in assets before the end of the 6 month period due to withdrawals on your account, you will no longer qualify for the promotion and Questrade will have the option to apply a charge to your account based on market value of the iPad 2. If the account balance falls below $250,000 in assets due to market fluctuations, you will still be eligible for the promotion and no charges will be applied.
- Clients will only get one iPad 2 (Wi-Fi only, 16 GB), excluding the smart cover, or cash equivalent per account.
- iPad 2s are subject to availability.
- Images of iPad 2 shown on any advertisement used by Questrade does not represent the actual iPad 2 which will be offered to clients.
Free to transfer
Questrade will pay your transfer-out fees up to CAD $150 when you move a minimum of CAD $25,000 to Questrade from another brokerage. Payment of the transfer-out fee is capped at $150 and is limited to one account per client.