Does anyone has experience with the program “Refer a Friend” from Interactive Brokers? I didn’t receive the $200 from a referral. I asked my friend if he had the $10,000 and he had it in 2020. So end of 2021 I would receive my bonus. Right?
I asked the customer service and they only state the rules. When I said my friend opened and maintains the account with more than $10k, they refer to the rules again. Before trying to escalate my ticket with IB, I’d like to know if anyone else had the same problem.
My question to them was: if I didn’t receive, why was that, which rule was not met. Or maybe I received and just couldn’t see it in the reports. So I was asking for help. However now I did already a very good investigation on the money received (by any designation) and the $200 were not transfered to me.
The “Refer a friend” program is still good because of the IBKR stocks the new user receives. However I don’t understand why they would advertise this and not give the bonus.
You should read the small notes as your friend must spend more than 600$ in transaction fees in his first few months.
Good news for him IB is a cheap broker so it will save him lots of money.
Unfortunately you will never cash in your referral bonus.
I wasn’t aware of that. I had 2 referrals but I am guessing that I won’t be able to collect those 200 $. Kind of a sleazy move from IB to be honest.
At least the people got their free IB stocks I guess
Would you mind pointing to some document that has these terms?
I could only find this in the Terms and Conditions: The Referring Client will only receive this payment if the Referred Client opens an account through the shared link, deposits at least USD 10,000 within thirty (30) days, and maintains at least that amount for one year following the opening of the account.
In fact, you cannot find it online but here is what I got from the Support back then:
Initial Description: Why did I not receive my referral bonus?
Response from IBCS at 30-Dec-2021
Dear Mr. FunnyDjo,
Kindly note that flat Fee-Based Referrers earn payouts based on their country of residence. Payouts 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.
Please Note
Payments are subject to the terms and restrictions of the program. IBKR is under no obligation to pay out the referral bonus should all terms not be met.
No payouts will be made for any account migrated to a broker or an advisor.
Is this really realistic? Retiring early at 30 and then never for the next 20 years engage in anything enjoyable and constructive that could bring an income?
And it doesn’t even need to be something that enriches the world around us but could be a hobby like woodworking, etc. On the other hand even volunteering sometimes comes with perks like free meals or accommodation that would reduce one’s expenses.
Question for you guys, I am sur someone could answer it:
I know it is possible to add an additional account on IBKR. Question are how this additional account isis managed (one login/password for two account ?), and is it possible to select what kind of product will be traded with this new account, separately as the “main” account ?
My goal is to keep my main account for investment, and open an additional “margin” account separately for stock picking.
There are users (actual individuals or business entities) and there accounts (Uxxxxx). One user can open and manage different accounts, including joint accounts with other users and more complicated stuff. After logging in as a user, you can switch accounts that you are currently managing or you are trading from.
Yes you can setup trading permission of one account completely independently from another one.
You can also transfer cash and securities between accounts belonging to the same user.
I didn’t find any similar question in the forum so far… I am using now ibkr and I am not successful in finding my transaction history…it’s available for the last 90 days (!). I purchase VT rarely, and I would like to have an overview of when I purchased and at which price, I didn’t write this down as I was sure it’s very basic data that should be available.
I tried the following:
Transfer history menu - only last 90 days (!)
open VT and check the transaction history below the thicker - they don’t show up with the date (!)
create a custom report “trade by symbol” - but if I open year to date it’s all aggregated
For 3) I could select each month, and get an overview by month I guess, but I hope there is a more elegant / straightforward way?
I have ibkr pro and use the relatively simple web interface.
As I wanted to check my cash statement, I could not find such report on IB.
I find it hard to monitor compare to a classic bank account.
Classic reports did not give this option so I created a Flex query under Performance & Report that can generate more detail.
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