Participation in the Refer a Friend program is limited to IBKR clients with an individual, joint, trust or organization account that has a net liquidation value (NLV) of at least $2000 and has placed at least one securities trade in their account. Geographic restrictions may apply. A bonus can only be paid if the referred client uses the unique application link that is shared with them.
Residents of Japan, Spain and Israel are not eligible to participate in the program. Residents of Canada are eligible to participate as referrers and receive the $200 referral bonus, but are ineligible to earn welcome shares. Tax deferred accounts are ineligible for both the referral bonus and awarding of Interactive Brokers stock. In addition, Financial Advisors, Hedge Funds, Institutional accounts, including introducing broker and proprietary trading accounts are ineligible for the program.
Referrers are paid $200 for each referred client when the referred client opens an individual, joint, trust or retirement account and maintains a balance of at least $10,000 for one year.
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.
Referrers are prohibited from having any involvement with the referred account once the referral is complete. In particular, the referrer must agree not to:
Referrers are limited to 15 referrals per year and 30 referrals total. Referral bonuses and welcome shares will not be paid when the referrer and the new client are within the same household.