Composer Referral Bonus Promotion – Terms & Conditions
Referral Bonus
Eligible new customers who open and fund a new qualifying taxable brokerage account through use of a valid referral code may receive a $50 cash bonus. The referring customer will also receive a $100 cash bonus into their taxable brokerage account once all promotion requirements have been satisfied.
This promotion is available only for taxable brokerage accounts. Retirement accounts, business accounts, and any other account types are not eligible unless otherwise specified by Composer Securities.
Promotion Period
The Promotional Offer is available from 09/15/2026, at 12:00 AM E.T. through 12/31/2026, at 11:59 PM E.T. (the “Promotion Period”). Referrals that are not completed within the Promotion Period are not eligible for the referral bonus.
Eligibility
To qualify as an eligible referrer, you must:
- Have an eligible taxable brokerage account that is open and in good standing.
- Generate the referral through an approved referral method provided by Composer Securities.
- Have a total account balance of at least $200 at the time of bonus payout.
- Share your referral code with a new Composer member.
- Maintain the $100 bonus in the account for five (5) years from the date it is awarded. This bonus shall be subject to its own independent five (5) year holding period measured from its respective settlement date. IfBonus funds are subject to a hold and may not be withdrawn, transferred, or moved to an external account until the holding period has expired. Any attempt to withdraw bonus funds before the holding period expires will be restricted.
The eligible referred bonus recipient must:
- Open a new eligible taxable brokerage account and use a valid referral code during the Promotion Period.
- Successfully complete account onboarding and funding with a minimum first deposit of $50 during the promotion period and a total account balance of at least $50.
- Maintain the $50 bonus in the account for five (5) years from the date it is awarded. This bonus shall be subject to its own independent five (5) year holding period measured from its respective settlement date. Bonus funds are subject to a hold and may not be withdrawn, transferred, or moved to an external account until the holding period has expired. Any attempt to withdraw bonus funds before the holding period expires will be restricted.
Bonus Payment
If all eligibility requirements are met, the bonus will be deposited into each eligible taxable brokerage account. Bonus payments may take up to 7 business days after all promotion requirements have been satisfied.
The bonus is non-transferable and cannot be redeemed for cash outside of the eligible brokerage account.
Account Eligibility
Only taxable brokerage accounts are eligible to participate in this promotion. Accounts that are closed, restricted, suspended, or otherwise not in good standing before the bonus is credited may be disqualified.
Existing customers opening additional taxable brokerage accounts are not eligible as referred customers unless expressly permitted by Composer Securities.
Account Closure During Holding Period
If a participant’s account is closed, whether voluntarily or involuntarily, before the applicable bonus holding period has expired, any bonus funds still subject to a hold will be forfeited. Account closure requests will not be processed until all bonus funds subject to an active holding period have been forfeited or otherwise resolved.
Promotion Limitations
- A referred customer may receive this promotion only once.
- Bonuses cannot be combined with other new account promotions unless expressly stated by Composer Securities.
- Self-referrals are prohibited.
- Referrals generated through paid advertising, spam, coupon sites, or other methods prohibited by Composer Securities are not eligible.
Taxes
Bonuses may constitute taxable income. Participants are responsible for any federal, state, or local taxes resulting from receipt of the bonus. Composer Securities does not offer tax advice. Our clearing firm partners (Apex clearing and Alpaca) may issue applicable tax forms as required by law.
Reservation of Rights
Composer Securities reserves the right to modify, suspend, or terminate this promotion at any time without prior notice. Composer Securities may deny or reclaim a referral bonus, including by restricting withdrawal of bonus funds,[if it determines, in its sole discretion, that a participant has violated these Terms, attempted to abuse the promotion, engaged in fraudulent activity, or otherwise acted in a manner inconsistent with the intent of the promotion.
Participation in this promotion constitutes acceptance of these Terms & Conditions.
Brokerage Services
Brokerage services are provided by Composer Securities LLC, a registered broker-dealer and Member FINRA/SIPC. Participation in this promotion is subject to the terms of the Composer Securities Customer Agreement and all applicable account opening requirements.
All brokerage accounts are subject to approval. Composer Securities reserves the right to refuse, limit, suspend, or terminate participation in this promotion for any account that does not satisfy eligibility requirements or that is determined, in Composer Securities' sole discretion, to have violated these Terms & Conditions or applicable laws, regulations, or company policies.
Nothing contained in this promotion should be construed as investment advice or a recommendation to buy or sell any security. Investing involves risk, including the possible loss of principal.