Interactive Brokers Sign Up Bonus

Interactive Brokers Promotion Bonus ($1000 in 2024)


Current Interactive Brokers promotion and bonus offer for $1,000 in IBKR stock. February 2024 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



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IBKR Referral Promotion Details


If you are looking for a new broker, it might be a good time to consider Interactive Brokers (IBKR) as one of your options. The popular broker is currently offering an attractive welcome offer to investors opening new accounts. To make the promotion even better, they are also offering current customers a way to make money from referrals.

Keep reading to see how you can take advantage of the IBKR $1,000 cash bonus and referral program.

The Interactive Brokers referral bonus is essentially two different offers in one. The broker has created a bonus for both the referrer and the referee.


Interactive Brokers Referrer Bonus


The referrer bonus is for investors that have an active brokerage account with Interactive Brokers.

When you bring new customers to Interactive Brokers, you will receive a $200 payout for each referral. After the referee satisfies the program requirements, the bonus is automatically deposited into your account.

As the referrer, you must have an investment account balance of at least $2000. In addition, the account should be active and have record of at least one trade.


Interactive Brokers Promotion


Interactive Brokers Referee Bonus


The referee bonus is for the people you invite to the brokerage. New customers have one year to make a qualifying deposit.

For this part of the referral bonus, Interactive Brokers will give up to $1,000 of its own stock (IBKR). To receive the IBKR stock, the referee must make deposits into their new account. The higher the deposit amount, the higher the deposit.

The bonus stock is given at a rate of 1%. For every $100 deposited, you will get $1 worth of stock.


Opening an Interactive Brokers Account


In order for the referrer and the referee to receive the bonus cash, the referee must open a qualifying brokerage account using this link (Insert Link).

You will be asked to decide on an account type and fill out an application. Following that, you are given the chance to fund the account and begin exploring all that IBKR has to offer.


IBKR Promotion


Free Trial for Your Referrals


One nice thing that IBKR offers is a free trial to give new customers a chance to see what the platform is all about. It helps your referees decide if IBKR is the right choice.

Investors interested in learning more about the platforms, securities, Market data, and fees can get involved without putting any money on the line.


Interactive Brokers Bonus



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Interactive Brokers vs. Webull Introduction


Which brokerage house delivers the better trading experience, Webull or Interactive Brokers? Webull has a new desktop platform, while Interactive Brokers has access to foreign exchanges.

Here’s a more in-depth look:


Cost


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na $0 per contract $0 $0
IB $0 $14.95 $0.70 per contract $0 $30


Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
WeBull
IB


Promotions


Webull: Up to 75 FREE fractional shares when you make a deposit at Webull.

Interactive Brokers: Use this referral link to get up to $1,000 of IBKR stock for free!



Webull Pros and Cons


Webull clients get these pros:

- Desktop and browser platforms
- Options trading
- Very good mobile app
- Ultra-low commission schedule
- Fractional shares

But the broker has several cons, including:

- Small selection of tradable assets
- No OTC trading


Interactive Brokers Pros and Cons


IB clients will really like:

- Professional-level charting on professional-level platforms
- Whole-dollar investing
- Some esoteric assets are available

Despite the broker’s strengths, it does carry these downsides:

- Commission schedule for IBKR Pro customers can be complicated
- Software has a steep learning curve


What Investments Can Be Traded?


Interactive Brokers has a very long list of assets that can be traded. There are:

  • Precious metals
  • Mutual and closed-end funds
  • Structured products
  • Warrants
  • ETFs
  • Futures contracts
  • Stocks
  • Options and options on futures
  • Bonds
  • Forex
  • Contracts for difference
  • Crypto-currencies

On top of this large smorgasbord, IB has an extensive selection of IPOs and over-the-counter stocks.

Webull’s list is quite a bit smaller:


To make matters even worse, Webull doesn’t offer access to the OTC marketplace (although it does have an IPO section on its mobile app).

Winner: Interactive Brokers


What Desktop Software Is Available?


Both brokerage firms in this rivalry offer desktop platforms with no account minimums or trading requirements. Even better, both programs offer simulated trading, so it’s really easy to get extra practice in without any risk.

Webull’s most recent platform release offers charting with over 20 technical indicators. While this may sound like a small number, it’s actually an increase over the older version. The software offers two trade tickets: one is a speed ticket for fast order entry, while the other is the standard ticket with several options. The latter one has bracket orders.


IBKR promo


Interactive Brokers’ platform Trader Workstation offers over 100 technical studies. While there is only one trade ticket, it provides a lot more features, such as adaptive orders and OCO orders. Besides a more advanced order ticket, the software delivers these really great features:


interactive brokers sign up bonus


iBot, an artificial intelligence
Time & sales data
Bloomberg TV

Winner: Interactive Brokers


And What About Other Web-Based Platforms?


Traders who find IB’s desktop software too complicated can use the firm’s client portal instead. It is accessed through the website and offers the following features:

Basic charting
Order ticket with several time-in-force choices and order types
Watchlist

A second browser platform is available to IBKR Pro customers.

Webull has its own browser platform. It is designed after its desktop cousin and has many of the same features. We especially like:

Active trader mode with multiple tickets and graphs
Multiple watchlists

Winner: Interactive Brokers


And Mobile Apps?


If you don’t care for any of the computer-based trading platforms, you can always trade on a mobile platform. Both brokers have them, and both programs come with simulated trading, advanced charting, and multiple order types.


interactive brokers new account bonus


Webull’s platform has a community forum where traders can connect with each other. The broker-dealer also provides trading competitions in simulated mode.


interactive broker promotion


Winner: Webull


Which Firm Is Better For Investment Education?


If you’re just starting out or need to review some trading basics, Interactive Brokers has a huge library of materials. On its desktop platform, an educational tab (located in the lower-left of the platform) is a great place to start. The broker’s website itself has a large educational section with resources for:

Investment vehicles
Software
Security analysis

Webull’s website has a FAQ section with answers to lots of questions. Its computer platforms have extensive security analysis tools, including data sourced from financial statements.

Winner: Interactive Brokers


How About Options Trading?


While both brokerage firms offer trading in options, there is a world of difference between them. Currently, Webull only provides trading in Level I and II option strategies. These include short positions like covered calls and cash-secured puts. But there is no Level III trading, which means no multi-leg strategies. Moreover, Webull doesn’t provide any advanced option tools (other than Greek values).

At Interactive Brokers, traders do have access to option tools; in fact, the firm offers many of them on Trader Workstation. Moreover, IB’s software has several pre-installed option spreads. And it’s possible to create your own multi-leg order if you wish.

Webull has no per contract fees, while IB charges up to 70 cents per contract.

Winner: Webull


Where Should Day Traders Go?


Shorting. IB has an online portal that displays the number of shares available for shorting. Webull simply shows whether a security is available for shorting or not.

Extended Hours. Available at both brokerage firms from 4:00 am until 8:00 pm (only for IB Pro pricing plan that charges commissions).

Level II Quotes. Also available at both brokers. Only $1.99 per month is Webull and over $50 per month at IB.

Direct-access routing. Only Interactive Brokers offers specific venues.

Margin. Margin details are available on Trader Workstation and all three Webull platforms. IB consistently has the lowest rates in the industry.

Routing Fees and Rebates. Interactive Brokers customers, but not Webull clients, can trade using maker-taker fees.

Winner: Interactive Brokers


Here’s a Few Other Services


Dividend Reinvestment Program: Somewhat surprisingly, Webull doesn’t offer a DRIP plan. Interactive Brokers does.

IRAs: Both firms in this contest offer Individual Retirement Accounts. IB has more account types.

Automatic Mutual Fund Investing: Not available at either firm.

Winner: Interactive Brokers


At the End, Our Recommendations


Beginners: Although Webull doesn’t have the same level of educational resources, its software is easier to use. We pick Webull.

Long-Term Investors and Retirement Savers: We choose Interactive Brokers for its long list of mutual funds (more than 34,000 currently).

Stock/ETF Trading: Interactive Brokers definitely.

Small Accounts: Webull or IBKR Lite will work.



Incentives


Webull Promotion: Up to 75 FREE fractional shares when you make a deposit at Webull.

Interactive Brokers Promotion: Use this referral link to get up to $1,000 of IBKR stock for free!




Webull vs Interactive Brokers Judgement


Webull has improved a lot since its launch in 2018. But it still has a good way to go to catch up with the titan Interactive Brokers.


Updated on 2/12/2024.


About the Author
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 25 years, and has a background in both applied math and programming.