OptionsHouse - Free Kindle Fire

Link

(1) The free Kindle Fire promotion applies only to newly funded OptionsHouse customers who initially fund their account within 60 days of completing the application. To be eligible for the Kindle Fire, you must satisfy both of the following requirements: (1) Fund a new OptionsHouse account with a minimum of $10,000 for a cash or margin account using promo code FIRE; (2) Make 15 commissionable trades within 90 days after funding your new OptionsHouse account. Note: Commission-free trades do not qualify toward the 15 trades. Fulfillment of the free Kindle Fire will occur within 30 days once both requirements are fully satisfied. Limit one promotional item per household please. This promotion may not be combined with other offers and additional restrictions may apply. Only individual or joint OptionsHouse accounts, personal trust accounts, and business accounts are eligible. The promotion is not available for retirement accounts including, among others, IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; UTMAs and UGMAs; fiduciary accounts (including custodial accounts, estate accounts); college investment trust accounts; and 529 college savings plan accounts. OptionsHouse reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Taxes related to OptionsHouse offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099. Kindle Fire images property of Amazon.com and used with permission. © 2012 Amazon.com, Inc. All rights reserved. Void where prohibited. OptionsHouse reserves the right to debit $199 from any account that has received a Kindle Fire and has either closed their account or withdrawn assets below the minimum qualifying funding level within 180 days of original funding date. This promotion expires December 31, 2012.

I already have an account. Can I open another account to get the free Kindle fire?

As long as you open an account with 10000 bucks.

Now it's time for someone to answer my question.

OptionsHouse needs a proofreader. What exactly is a "newly funded OptionsHouse customer?"

Did they mean "newly-funded account" or "new OptionsHouse customer?"

Fifteen stock trades at about $4 each = $60.

LOL! Potential for massive losses just to get a reader.

BNizzle said:   60 bucks for the trades + the 1099 for the kindle = may not be worth it.

Not much risk for losses if you buy/sell 1 share.

No 1099 unless $600 for year. One Kindle - no 1099.

BNizzle said:   rsmo2222 said:   BNizzle said:   60 bucks for the trades + the 1099 for the kindle = may not be worth it.

Not much risk for losses if you buy/sell 1 share.

No 1099 unless $600 for year. One Kindle - no 1099.

I don't know about OH in particular, but see this thread:
http://www.fatwallet.com/forums/finance/1164342/

OptionsHouse did not send 1099s for the 24" monitors last year to the best of my knowledge. Also the terms of this promotion specify:

"Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099."

bigcat007 said:   LOL! Potential for massive losses just to get a reader.Not just a reader. The kindle fire lets you do other stuff too cuz it has vibrant color and Apps. I bet you can even trade stocks with it.

I think the platform looks better than zecco, not any better than E*Trade. But the commission rates are a buck cheaper than either for me...so the lure of a kindle fire is a big one. Not that I would move my E*Trade account, but I am going to be bumping up against SIPC limits soon and may want to have assets in more than one brokerage account.

germanpope said:   rsmo2222 said:   OptionsHouse needs a proofreader. What exactly is a "newly funded OptionsHouse customer?"

Did they mean "newly-funded account" or "new OptionsHouse customer?"



I read like this

a. you new customer if you never been customer before

b. you funded customer when money in account

you new funded customer after both a and b

I read it as as a new account

kaktak said:   I already have a Kindle fire. Can I open an account to get another Kindle fire?

If you like Kindle Fire, then YES!

kaktak said:   I already have a Kindle fire. Can I open an account to get another Kindle fire?

Maybe if you rub two Kindle fires together you get free Prime for a year.

NEW CUSTOMERS ONLY!

Here is the response I received from OptionsHouse asking for clarification:

For clarification, The Kindle Promotion is available only for new OptionsHouse customers.

If you have any additional questions please call us toll free at (877) 653-2500 from 7:00 am to 7:00 pm Central Time, Monday through Friday

Mike O.
Customer Service
OptionsHouse
141 W. Jackson Blvd.
Suite #800
Chicago, Illinois 60604
Toll Free (877) 653-2500
Fax (866) 492-2478

We enjoy serving your trading needs. If you have any additional questions please call us toll free at (877) 653-2500 from 7:00 am to 7:00 pm Central Time, Monday through Friday (except exchange holidays) or email us anytime at customerservice@optionshouse.com.
Options involve risk and are not suitable for all investors. In addition, electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance and other factors. OptionsHouse provides neither investment nor tax advice. Refer to Characteristics and Risks of Standardized Options | Risk Statements and Disclosures | Privacy Policy | Terms & Conditions, copies of which can also be obtained by contacting our Customer Service Department at customerservice@optionshouse.com.
© 2006-12 OptionsHouse, LLC All rights reserved. Member of FINRA, SIPC.

bigcat007 said:   LOL! Potential for massive losses just to get a reader.

not really if you buy/sell some thing like Barclays Short Treasury Bond Fund (SHV)