Interactive Brokers Referral Bonus
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Interactive Brokers Referral Code
Interactive Brokers Referral Program
If you have an Interactive Brokers account, there’s a refer-a-friend program that can get you some extra cash. Here’s how it works:
Free Cash, Free Stock
Here’s how the IBKR referral bonus works: the current account holder, who can be an individual or a firm, invites someone else to open an account. The person who sends the invite gets $200 in cash. The person who opens the new account gets shares of Interactive Brokers stock (IBKR), which are currently worth around $80 each.
Opening the New Account
For both people to qualify for the bonus, the person inviting must
send a referral link to the friend, who has to open the new account through that link.
To get the link, log into your account, go to the Settings page by clicking the head-and-shoulders icon at the top right corner, and choose Settings from the drop-down menu.
Once on the Settings page, scroll to the Account Configuration section. There will be an option to “Refer a Friend.” Click on it to open a new page where you’ll see your unique referral link. You can copy it easily using the copy link button next to it.
IBKR Referral Bonus Fine Print
Before you start sending out invites, make sure you’re aware of all the fine print. Not following the rules could mean missing out on the bonuses, which is what you’re aiming for.
The first rule is that your account needs to have a net value of at least $2,000 at all times. It shouldn’t drop below this amount.
Second, not all account types can participate. Only joint, individual, trust, and some organization accounts are eligible. IRAs, hedge funds, institutional accounts, proprietary trading firms, and financial advisors can’t join the program.
People living in Israel, Spain, and Japan aren’t eligible. Canadian residents can get the cash bonus, but not the IBKR stock. Residents of Australia and India have some restrictions. Employees and affiliates of Interactive Brokers can’t participate.
Third, once you refer someone, you can’t be involved with their account afterward. This includes helping them with IB’s software, being a point of contact between them and the broker, or trading in their account.
Fourth, your own account can’t refer itself, and you can’t refer anyone within your own household. So, family members are not considered friends for this program.
Fifth, the new account must deposit and maintain at least $10,000 for a full year.
Sixth, if the balance stays at or above $10,000 for a year, the account will get $1 in fractional shares of IBKR stock for every $100 in the account. The maximum reward is $1,000, which would require a deposit of $100,000—ten times the minimum amount.
Seventh, you can refer up to 15 friends in one year and a total of 30 friends over the life of the program.
IBKR Referral Bonus Assessment
This is a highly rewarding offer when you look at the total potential earnings on both sides. However, it does require more than a year to see any rewards, so patience is essential.
Webull Friend Referral Program
If you’re interested in getting free stocks worth up to $36,000 for referring people to a brokerage, you might also want to check out Webull's referral program.
Webull Promotion
Visit Webull Website
Read Interactive Brokers Review »
Updated on 10/1/2024.
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.
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