Exciting bonus with Interactive Brokers Singapore
Interactive Brokers offers exciting bonuses for new account holders. Here's how you can benefit:
Refer a Friend
What is a Refer a Friend Plan?
Interactive Brokers has a Refer a Friend plan where you and your friend can both earn rewards. When you refer a friend who opens an account and meets the eligibility criteria, you'll receive US$200 as an Interactive Brokers referral bonus. Your friend will also enjoy benefits, such as receiving IBKR shares based on their initial deposit – potentially up to US$1,000 worth of shares!
Eligibility
To be eligible for the Refer a Friend Interactive Brokers promotion, you must have an existing IBKR account with a net liquidation value of at least US$2,000 and have placed at least one securities trade. Your referred friend must open an individual or joint account, deposit US$10,000 within 30 days of opening the account, and maintain a balance of at least US$10,000 for one year.
Geographic restrictions apply. Residents of Japan, Denmark, Spain, Portugal, Poland and Israel are not eligible to participate in the programme. Residents of Canada are eligible to participate as referrers and receive the US$200 referral bonus but are ineligible to earn welcome shares.
Restrictions
- Referrers are limited to 15 referrals per year and 30 referrals total.
- Referral bonuses and welcome shares will not be paid when the referrer and the new client are family members or others living at the same physical address.
- Tax-deferred accounts are ineligible for both the referral bonus and awarding of Interactive Brokers stock.
- Financial Advisors, Hedge Funds, and Institutional accounts, including introducing broker and proprietary trading accounts, are ineligible for the programme.
For a full list of restrictions, please refer to the Interactive Brokers Refer a Friend Terms and Conditions.
Interest on uninvested cash
With Interactive Brokers, you can earn interest on your settled cash balances – that's the uninvested cash in your account. The interest rate you earn depends on a few factors:
- Your account balance: Higher balances generally earn higher rates.
- Your Net Asset Value (NAV): This is the overall value of your account. Clients with a higher NAV earn more.
- The currency of your cash: Interest rates vary depending on the currency.
For example, if your account has a NAV of more than US$ 100,000, you can earn an annual rate of 3.83% on USD cash balances above US$ 10,000.
Important notes:
- Interest is calculated on each currency individually.
- You won't earn interest on balances below a certain threshold (e.g., the first USD 10,000 in USD cash).
To calculate your estimated interest earnings, you can use the calculator available here.
Interactive Brokers Singapore
Interactive Brokers (IBKR) was founded by Thomas Peterffy and is a leading global brokerage firm. Licensed by the Monetary Authority of Singapore (MAS), IBKR provides a wide range of investment products and services to investors worldwide. With over 2.1 million client accounts and US$1.99 million in daily trade value, IBKR is a trusted and reliable platform for your investment needs.
Why should you invest with Interactive Brokers Singapore?
Exclusive range of “Education” suite
IBKR offers an exclusive “Education” suite that includes advanced trading analytics features, insights and research tools, free webinars, and courses for investors. This comprehensive suite helps you make informed investment decisions and enhance your trading skills.
Simple fee structure
IBKR offers a simple and transparent fee structure with two options:
- Volume-Tiered Pricing: Broker commission decreases based on volume.
- Low, Fixed Rate Pricing: Fixed commission per share or a percentage of trade value.
This flexibility allows you to choose the pricing plan that best suits your trading needs.
Access to 150 markets in 33 countries
IBKR provides access to 150 markets in 33 countries, allowing you to diversify your portfolio and invest in a wide range of assets globally.
How to start investing with IBKR Singapore?
Ready to start your investment journey with Interactive Brokers? Here's how to sign up via SingSaver and claim your bonuses:
- Apply Now: Click on the "Apply Now" button on this page. This will redirect you to the Interactive Brokers online application form.
- SingPass MyInfo (Optional): If you're a Singapore Citizen or Permanent Resident, you can speed up the application process by scanning your SingPass MyInfo QR code. This will auto-fill your personal information.
- Provide your information: Complete the application form with your personal and financial details.
- Choose your account type: Interactive Brokers offers two main account types: IBKR Lite and IBKR Pro. Choose the one that best suits your investment needs and experience.
- Fund your account: Make a deposit to activate your account.
By signing up through SingSaver, you'll gain access to exclusive Interactive Brokers open account promotion and benefits, like the Refer a Friend programme.
IBKR Lite vs. IBKR Pro
Interactive Brokers offers two main account types:
- IBKR Lite: This account is suitable for casual investors who trade less frequently and prefer a simplified fee structure.
- IBKR Pro: This account is designed for active traders and investors who require advanced tools and features, as well as access to margin trading.
Choose the account type that best aligns with your investment style and needs.
Frequently asked questions about IBKR Singapore
