TD Ameritrade 300

Interactive Brokers Referral Bonus: $1,000 Refer a Friend Program


Interactive Brokers (IBKR) friend referral bonus program code for recommended friend trader to open a new brokerage account in 2022



Interactive Brokers Referral Link



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Interactive Brokers Friend Referral Bonus


Interactive Brokers offers a friend referral bonus program right now. Called a Refer a Friend Program, it lets you send an invitation to somebody you know to open an account with IB, and in return you receive a cash bonus of $200. There is a 15 referrals per year limit. The total number of referrals a customer can claim is 30.

To qualify, your account must have a net liquidation value of at least $2,000 and have placed at least one securities trade to be eligible for the program.

Each referred client must open an individual, joint, trust or retirement account, fund and maintains a balance of at least USD 10,000 for one year.


Referred Payout


Referred accounts will receive $1 in IBKR shares for every $100 of value (cash or other assets) added to their account for up to $1000 worth of IBKR shares. The average balance must be maintained for at least 1 year for the shares to vest and be accessible.


Referral Link


To get up to $1,000 in free IBKR stock, you can use our referral link: Use this referral link to get up to $1,000 of IBKR stock for free!Use this referral link to get up to $1,000 of IBKR stock for free!


How to Get Your Own IB Friend Referral Link


Login into portal. On the top right corner there is a link "Refer a Friend, Get $200". Click on it.


IBKR Referral Program


On the next screen you'll get your personal IB referral link which you can email or share on any social network.


Webull Friend Referral Program


If you want to be rewarded with free stocks valued up to $12,600 for referring clients to a brokerage, use Webull's referral program too.


Webull Promotion


Open WeBull Account





Interactive Brokers Review and Rating

Interactive Brokers rating

Read Interactive Brokers Review »


Interactive Brokers Intro


Interactive Brokers has a strong offering for investors looking for low trading and margin costs, access to multiple asset classes globally, financial strength, and API tools to facilitate automated trading and analysis. Let's see what makes it the best broker for foreign stocks trading today.


Commissions, Margin, and Execution Costs


Interactive Brokers margin rates clock in at a very low 3.20% for margin balances up to $25k. The next closest competitor, Fidelity, charges 7.825% on similar balances. Other major competitors such as Schwab, and TD Ameritrade lag similarly far behind.

Interactive Brokers cost advantage carries over to equity, option, and futures trades as well. Typically, Interactive Brokers charges half a cent per share in commissions for equities which includes everything but transaction fees levied by FINRA and the exchanges. It’s a fee structure that tends to be lower than competitors offerings.


Best broker for foreign stocks trading


Another aspect of trading cost is price improvement on execution. These are small advantages but Interactive Brokers smart routing technology tends to secure better prices on orders than the industry.


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If you are an investor who trades at least a few times per month or regularly uses margin, Interactive Brokers has clear cost advantages.


Access to Multiple Asset Classes Globally


Interactive Brokers allows you to access 100 market centers in 24 countries and trade stocks, options, futures, forex, ETF’s and bonds from a single universal account. As ETF’s have come to span the global marketplace and other brokerage companies beef up their offerings of international stocks and bonds, futures and forex, Interactive Brokers advantage here has become less pronounced but they are still a leader and an early proponent of the so-called universal account. Charles Schwab for instance allows you to trade stocks in 35 foreign countries and you can even trade futures with Schwab’s subsidiary, optionsXpress.


Financial Strength


In 2011 MF Global improperly used customer funds to cover proprietary trading losses. Customers may have lost funds and were without access to their money for as long as 3 years in some cases. In light of this sort of fiasco, it’s worth noting that Interactive Brokers does not engage in proprietary trading, that 84% of the company is owned by employees, that its equity capital exceeds $5bln, and that Interactive Brokers has exemplary margining tools that mark customer accounts to market continuously and liquidates accounts with insufficient margin automatically.


Platforms


Interactive Brokers has three trading platforms: IB Web Trader, IB Trader Workstation, and Mobile.

Interactive Brokers accounts come with various security devices. One option is a card about the size of a credit card that’s mailed to account holders. The card contains a series of keys (numbers from 1 to 224) with an associated 3 digit alphanumeric value. Upon keying in your username and password to log into the trading account, the system then prompts users with two sets of keys and expects the associated values. There’s another option with a credit card sized calculator with another encryption scheme and still another that allows users to verify their identify with a phone. These features take a little extra time but are typical of the kind of extra precaution taken by Interactive Brokers.

Web Trader lets you trade, gives you access to prices and charts and is a simple platform that can be used behind a firewall without having to download a software application.

Mobile lets you access market data and charts and place trades from your phone or tablet. This feature is convenient as markets respond to events in Asia or Europe or just to let you monitor potential trading opportunities throughout the day. Here’s a screenshot from the mobile app.


Best brokerage firm for foreign stocks


Trader Workstation is the backbone of Interactive Brokers platform offerings. Trader Workstation has both a classic viewpoint which mainly includes quote and position boards. You can pull up charts that float. Here’s a screenshot from the classic interface.


Best broker for foreign stocks


Trader Workstation includes tools like options chains and book trader which allows traders to see the depth of market and place trades by clicking a mouse. There are also more advanced order types such as bracket, stop limit, profit taker, One Cancels Other, and pairs orders.

Trader Workstation also includes a Mosaic option which is designed to be an integrated view of quotes, charts, news, and positions all in one screen. Interactive Brokers has improved its charting functionality, but the suite lags behind many platforms designed for active trading in its customizability and breadth of indicators. Some other platforms such as Tradestation or TD Ameritrade even offer scripting languages to scan market data, create custom indicators and backtest and automate trading strategies. Interactive Brokers does offer a connection to Multicharts to allow “non-programmers” to program more complex custom technical indicators.

For asset allocators or wealth management investors seeking advice, Schwab and Fidelity and Vanguard probably make a more compelling offering. For active technical traders, TD Ameritrade’s emphasis on user interface and breadth of technical analysis tools may be most compelling. Where Interactive Brokers really shines is cost, breadth of trading instruments and tools for quantitative investors such as API access.


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API Access


Through the Trader Workstation, Interactive Brokers supports APIs in Java, C++, Python, .NET, and DDE to connect market data and order routing technology. This is where Interactive Brokers offering really shines: a low cost platform that allows traders to automate strategies at a low level with great control. These tools are for programmers and aren’t as user-friendly as offerings from Tradestation, but it gives quants all access to all the data and order routing technology necessary to automate trading systems.


Interactive Brokers Refer a Friend Program Disclaimer


Interactive Brokers referral bonus terms can change at any time without notice. For the most recent information on Interactive Brokers refer a friend program offer to open account visit their website.


About the Author
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.