How to Sign Up for Interactive Brokers Referral Program

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.

READ: PASSIVE INCOME IDEAS FOR EVERYONE

How to Sign up for the Referral Program

Option 1: Sign up via this link

How to Sign Up for Interactive Brokers Referral Program

Option 2: For those who are Interactive Brokers clients

Go to Account Management → Account Settings –> Configuration –> Trader Referral –> Complete the required details to generate the unique hyperlink to add to your website

How to Sign Up for Interactive Brokers Referral Program
How to Sign Up for Interactive Brokers Referral Program
How to Sign Up for Interactive Brokers Referral Program

Interactive Brokers Trader Referral Program Payout Schedule  

(Directly quoted from Interactive Brokers website)

Flat Fee-Based Referrers earn payouts based on their country of residence.

Payouts2, 3 to Referrers in the United States are subject to the following rules:

  • The referred client must maintain equity of at least $10,000 or USD equivalent in his or her account for a minimum of one year.
  • A payment of $200.00 will be sent when a referred client opens and maintains a funded account for one year.

Payouts2, 3 to referrers outside of the United States are subject to the following rules:

  • The first payment of $100.00 will be sent when the referred account reaches $333.34 in commissions.
  • The second payment of $100.00 will be sent when the referred account reaches $666.67 in commissions.
  • Referred clients must maintain equity of at least $10,000 or USD equivalent in their account.
  • Payouts are available for up to one year from the opening of the referred customer account.
  • Referral fees will be paid on a monthly (mid-month) basis.

For more information, please visit https://www.interactivebrokers.com/ref/en/main.php

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.

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