Brokerage bonuses can look impressive on the surface, but the headline number rarely tells the whole story. Many of the largest offers require high deposits or long holding periods, which can dramatically lower their true value. That’s why I update this list at the start of every month and rank the latest brokerage promotions by effective ROI. This is the actual return you earn on your deposit once the bonus is credited and available as cash. All calculations are done using my bonus ROI cal...