Open Now 2022 Promo FAQ

Are you looking to open a new account at tastyworks and take advantage of our Open Now promo? If so, and you got some questions about the promotion, then check out our FAQ below.

For full terms and conditions, please refer to

Offer Summary

New customers that open and initially fund a tastyworks account with $2,000+ will receive $200 in cash or with $10,000+ will received $500 in cash (based on the initial deposit amount). To be eligible for the Open Now Promo, you must enter OPEN_NOW_2022 in the referral code field when applying for an eligible account.

Who is eligible?

  • Must be 18 when you open the account
  • Must be a US Resident

What account types are eligible?

  • Individual (cash or margin)
  • Joint (cash or margin)
  • LLC, Partnerships, S-Corp, C-Corp (cash or margin)

What account types are not eligible?

  • International customers
  • Autotrade enabled accounts
  • Trusts
  • IRAs

Trusts & IRA accounts are not eligible for the promotion due to tax reasons.

Promotional Period

New customers that register with tastyworks who open and fund an account with $2,000-$10,000 or more from 01/01/2022 to 11:59pm CST on 02/28/2022, with the referral code OPEN_NOW_2022 are eligible. You must enter the code when you register with tastyworks when completing a trading account application. If you are a new customer and forgot to enter the referral code, then please click here.

Forgot to enter the promo code when applying?

If you did not enter a referral code when you initially applied to tastyworks and did not fund yet, then you can still enter OPEN_NOW_2022 by logging in to your account at then scroll down to the Referral section. If you did not enter a referral code, then you can enter the OPEN_NOW_2022 into the referral code field beneath the Generate Your Referral Link button, as illustrated below. For instructions, please click here.

Can I stack or use multiple promotions?

This offer is valid in combination with any of our marketing partner codes. This offer can only be applied once per customer (not per account). It cannot be applied on top of other TW initial funding offerings, such as the STOCK_AWARD_21 promo. If you have already entered a marketing partner code and would like to also apply this offer then please reach out to our support team at

Can I fund with an ACAT Transfer?

Yes, an account transfer with $2,000-$10,000+ or more in value will be eligible for activating the award.

Can I still participate if I opened an account before the offer period?

Customers that opened a tastyworks account before the offer period (before Dec 1st, 2021) will be unable to participate. Only customers that do not have any existing and funded tastyworks account may participate. New customers are determined by Tax ID (SSN), so if you already have an open and funded tastyworks account, then you will not be eligible for the Open Now promo. Customers that intended on participating in the Give Me Five Promo will be handled on a case by case basis, please email us at for inquires. 

When will I see the awarded cash in my account?

Awarded cash will land in a customer's account 5-10 business days after applying the code and funding with $2,000-$10,000+

When can I withdraw the $500 cash award?

The deposit ($2,000-$10,000+ cash deposit or account transfer) plus the $200/$500 award are required to remain in the account for a minimum of 90 days (3-months). Any principal fluctuations due to trading will not preclude you from keeping the awarded cash value after the 90-day period.

Can I internally transfer the awarded cash to another account within 90 days?

The $200/$500 awarded cash value and or deposited amount cannot be transferred between accounts within the 90 day hold period. Funds deposited to meet the promo requirements along with the $200/$500 award value must stay in the originating account. 

What happens if I need to pull out my initial deposit before the 3-month holding period?

You are free to withdraw the deposit you made to your account. However, if the amount withdrawn no longer meets the minimum deposit requirements, then the $200/$500 cash award amount will be withheld from the withdrawal amount. Additionally, the $200/$500 award value will be clawed back from your account shortly after.