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.
If this is something interests you jump on over to the Questrade homepage to get started or to find out any other details you may wish to know. Don’t forget the iPad 2 offer code (above)!!