HomeInvestingHow to Sign Up for Interactive Brokers Referral Program
How to Sign Up for Interactive Brokers Referral Program
28 May 2019
Interactive Brokers has a Trader Referral Program where anyone* is able to refer customers to Interactive Brokers (affiliate link). In this article, I am going to show you how to apply for their Referral Program.
Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through to make a purchase.
Firstly, there are two types of programs which you can sign up for – Commission Based account structure and Flat Fee based Referral Partners. The former consists of a master account linked to many client accounts. The referrer can send account invitations to potential clients who are keen to open an account with Interactive Brokers and is able to view the status of its client accounts. As for the latter, the referrer can refer potential clients to Interactive Brokers and earn a flat fee for each successful referral who maintains an active account for one year.
* This referral program is available for anyone who resides in any country except for Spain – with or without account with Interactive Brokers.
Financial Advisors or Brokers using IBKR platform are not eligible.
Bonus to those in Singapore who wants to trade Singapore Equities Markets
On 08 July 2020, Interactive Brokers announced that it has launch a Singapore entity, Interactive Brokers Singapore. That means it can now offer Singapore stocks to investors in Singapore.
It is good news to investors in Singapore wanting to gain access to the local markets because the fees are much lower than the incumbent brokerages. I hope that with the entrance of Interactive Brokers in the equities market (it is already active in the Singapore derivatives prior to this), it will compel the incumbents to lower their fees to increase competitiveness and hence open up the market to more participants.
Andronika is borderline mental. To prevent causing distress to those around her, she has decided to set up this personal blog as an outlet and connect to like-minded people. When she is not working on her blog, you can find her with catching up on her never-ending summer reading list, working on her barre moves or taking a siesta.
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