Sharebuilder $50 Account Opening Bonus

Sharebuilder is offering a $50 New Account Bonus. To make it even easier, they're going to give you $50 to get started. Simply open a new account using the promotion code ORANGE50CASH and make a trade before 12/31/08. Within 4-6 weeks you'll see a $50 deposit in your account.

This is the link that people have received in the mail . It autofills the promotion code for you.

The best way to utilize this code is to open an account, fund it with about $100 and initiate a partial position in a stock etf such as SPY for $1, by paying $4 for an automatic trade. 4-6 weeks after you receive the bonus, you could withdraw all the cash and use it. Don't sell the stock. Let it be your "fun" investment account.

Here's a portion of the fineprint:

Securities products are offered by ShareBuilder Securities Corporation, a registered broker-dealer and Member FINRA/SIPC. ShareBuilder Securities Corporation is a subsidiary of ING Bank, fsb.Securities products are: Not FDIC insured - Not Bank guaranteed - May lose value.You must have a U.S. Tax I.D. (Social Security Number) to open a ShareBuilder Account. ShareBuilder limits one promotional award per unique Customer or custodial beneficiary. Not valid with IRA or Education Savings Accounts. ShareBuilder reserves the right to terminate this offer at any time and to refuse or recover any promotion award if ShareBuilder determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any term of ShareBuilder's Account Agreement has been violated.