Use the Interactive Brokers referral link https://ibkr.com/referral/jermain597 to earn up to $1,000 of Interactive Brokers stock when you open an Interactive Brokers account, deposit and maintain a balance of at least $10,000 for one year.
To claim the Interactive Brokers sign up bonus you must:
1) Use the Interactive Brokers referral link https://ibkr.com/referral/jermain597 to sign up and open a new Interactive Brokers account.
2) Be a New Client.
3) Deposit and maintain a balance of at least $10,000 for one year.
If all conditions are met you will be awarded $1 of Class A common stock of Interactive Brokers Group, Inc, for each $100 (or its equivalent in another currency) in net deposits of cash or other assets to your account during the first year following the date of the first deposit into the account, to a maximum of $1,000 of stock.
See https://ibkr.com/referral/jermain597 for terms and conditions.
To enter the Interactive Brokers referral code simply use the Interactive Brokers referral link https://ibkr.com/referral/jermain597 to sign up and it will automatically be applied. There is no separate code to enter.
Yes, you will receive $1 of Class A common stock of Interactive Brokers Group, Inc. ("Shares") for each $100 (or its equivalent in another currency) in net deposits of cash or other assets during the first year following the date of the first deposit into your IBKR account, to a maximum of $1000 of IBKR shares. For full terms see https://ibkr.com/referral/jermain597
Yes, Interactive Brokers calculates your share entitlement based on a formula. Referred Clients are entitled to an award of Shares based on the net deposits into their IBKR account during the Award Period. As a result, the number of Shares to which the Referred Client is entitled may increase or decrease as deposits or withdrawals are made into the Referred Client's IBKR account. The date which IBKR shall first award the Shares earned and reflected in Referred Client's IBKR account statement shall be the Award Date. IBKR will update the Referred Client's Share award daily and Referred Client will see this "Welcome Share Balance" in their IBKR account. The "Welcome Share Balance" represents the number of Shares credited to a Referred Client's account. At the end of the Award Period, the number of Shares earned will be fixed and no longer increase with deposits into or decrease with withdrawals from the Referred Client's account.
During the Award Period:
IBKR will grant Shares to the Referred Client's IBKR account based on cash or the net fair market value of assets deposited into the Referred Client's account ("Deposit Value"), with $1 worth of Shares granted for each $100 in Deposit Value. IBKR will remove Shares from the Referred Client's account (using a first in, first out method) based on cash or the net fair market value of assets withdrawn ("Withdrawal Value"), with $1 worth of prior awards removed for each $100 in Withdrawal Value. During the Award Period, cumulative Deposit Value minus Withdrawal Value is the "Net Deposit Value." Net Deposit Value / 100 is the "Net Value Awarded." Net Value Awarded cannot exceed $1,000.
The Welcome Share Balance will increase upon a deposit into the Referred Client's account based on the following formula: Number of Shares Awarded = (Deposit Value X .01) / (Closing Price Per Share of IBKR on the day of the deposit).
For example, if the closing price of IBKR shares is $50 and the Referred Client deposits $10,000, the Welcome Share Balance for that day will increase by two (2) shares [($10,000 x .01) / $50 = 2]. This is described in row 1 of Figure 1 below.
The Welcome Share Balance will decrease (not below zero) upon a withdrawal from the Referred Client based on the following formula: Number of Shares Returned to IBKR = (Withdrawal Value / Net Deposit Value Before Withdrawal) x Welcome Share Balance Before Withdrawal.
For example, after the deposit described in the prior bullet point, the Referred Client would have a Welcome Share Balance of 2 shares and a Net Deposit Value of $10,000. If, the day after this deposit, the Referred Client withdraws $5,000 from the Referred Client's account, the Welcome Share Balance would decrease by 1 share: ($5,000 / $10,000) x 2 = 1. Net Value Awarded would decrease by $50, from $100 to $50. NOTE: the IBKR share price on the date of withdrawal is not a variable in calculating the decrease in Welcome Share Balance due to a withdrawal.