Interactive Brokers Promotion Bonus - $1,000 (2022)

Current Interactive Brokers promotion and bonus offer for $1,000 in IBKR stock. January 2022 best Interactive Brokers promotions for customers opening new account or for existing clients depositing cash into brokerage account, traditional IRA or ROTH IRA, or for 401K rollover IRA.

Interactive Brokers Promotion

Open IB Account

Interactive Brokers Trader Referral Program

The Trader Referral Program lets IB's customers send an invitation to somebody they know to open an account, and in return receive a bonus of $200. There is no limit to the number of referral bonuses a customer can receive.

Open IB Account

Top Brokerage Firms:

Interactive Brokers Overview

Interactive Brokers is a brokerage that combines the power of professional tools that a serious active investor needs with the savings of a discount brokerage. In other words, one gets the flexibility and power that active traders love at an affordable price.

Interactive Brokers is an amazing fit for advanced traders who are looking for a trusted brokerage that is a one-stop shop.

Who Interactive Brokers is For

IB is not for beginners or buy-and-hold investors. Most of the benefits of going with Interactive Brokers are geared towards:

  • Active traders
  • Day traders
  • Technical traders
  • Futures traders

Low Trading Costs

For a high-volume trader, the fees are always at the top of one's mind when determining which brokerage to go with. Just the difference of a fraction of a penny in fees can mean either taking in a nice profit or settling for a loss.

Comprehensive Trading Platform

Advanced traders will love getting access to the Trader Workstation (TWS). This program runs using Java, and it should work smoothly and quickly with most computer operating systems out there.

For those who have used a trading platform before, it shouldn't take too long to really get into the groove with TWS. One will find the usual features such as the setting up alerts, watch lists, and monitoring, all in real-time.

What makes TWS different is the overwhelming amount of features and selection. For example, watch lists are fully customizable, with 338 available columns at one's disposal to display all of the various products and investment options.

For technical traders, the chart tools onboard and 124 different studies to choose from are more than enough to make informed decisions.

Additional tools are also available to hone in on specific strategies.

While the TWS won't score any bonus points on aesthetics – it looks like it hasn't been updated for the last 20 years – it is a solid workhorse that will provide more functionality than most traders will ever need.

Interactive Brokers New Account Promotion

Recommended Articles

Interactive Brokers AUM
Interactive Brokers vs Ally Invest
Webull after hours trading

Easy Mobile Access

Many advanced traders have unrelated day jobs and lead busy lives. Being tied down to a computer or laptop during trading hours is often impractical or impossible.

During business trips, jobs, emergencies, and family time, traders need to be able to have instant access to their investments as changes in the market occur throughout the day.

One can do basic functions, such as stream data and submit trading orders right on the app. What can't be done is any sort of heavy lifting, such as manipulating fancy charts to one's content.

While Interactive Brokers' app is far from perfect, it is more than enough to get the job done while on the go.

Poor Customer Service

The consensus online is that the general attitude of customer support is very hands-off. In other words, if someone has some sort of question that they can't really be bothered to answer, that person is on their own.

That being said, one's personal experience may vary.

Promotion Offer at Interactive Brokers

Many brokers offer attractive incentives to lure customers to open a new account and Interactive Brokers is not an exception. IBKR's current promo is: Use this referral link to get up to $1,000 of IBKR stock for free!

Few Research Options Included

Interactive Brokers is not known for providing stellar research and news to their customers. However, this is expected from a brokerage with a do-it-yourself attitude.

Seasoned traders will most likely have their own research channels, processes, and news sources. For those who prefer to have access to curated content, there are several subscription options to reputable information sources, such as Morningstar, right on the website.

Restrictive Minimum Investment

There is a minimum of $10,000 required to open an account with Interactive Brokers. This makes it difficult for those who want to test the waters and try out a few different brokers before settling on a preferred company to deal with.

There are some exceptions to this rule to make it more accessible to both young investors and those who are funding their retirement accounts. For IRAs, the minimum to open an account is $5,000, and for customers under the age of 26, the minimum is only $3,000.

The Final Verdict

Advanced traders who want an all-around great broker with rock-bottom fees and a vast selection of investments will find Interactive Brokers hard to beat. Interactive Brokers has definitely entrenched themselves as an industry leader in the low-cost broker niche. Attractive new account promotion offer is helping too.

Those who find Interactive Brokers' advantages attractive will most likely not be bothered by its negatives. On the flip side, those who aren't impressed with what Interactive Brokers has to offer will rightly balk at the inactivity fees, lack of personalized service, and the somewhat clunky website and platform.

Interactive Brokers Incentive Disclaimer

Current Interactive Brokers promotion offer incentive details to open a new account could change at any time without notice.