The current Interactive Brokers welcome bonus in a nutshell
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Begin your prediction market journey at Interactive Brokers
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Learn about Interactive Brokers’ features and bonuses
As I outlined in the above introduction, the current Interactive Brokers welcome bonus gives you a $10 bonus as soon as you register your new account at the site. When I joined Interactive Brokers, I had no problems whatsoever in completing the registration process and receiving my reward. Once I had the $10 safely in my account, I could use it on any of the brand’s prediction markets.
How to collect your Interactive Brokers welcome bonus
Now that you know what’s on offer when you join Interactive Brokers, it’s time to walk you through the process for opening your new account and collecting your bonus:
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Access the Interactive Brokers website by clicking the banners on this page.
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Hit the Open Account button at the top of the homepage.
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Enter your email address, plus set up a secure username and password combination.
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Interactive Brokers will then send you an email containing a unique verification link. Just click this link to verify your email address.
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You then need to go through the full verification process. As well as entering a few personal details (date of birth, residential address, etc), this also involves providing your tax information and explaining how you will be funding your prediction market account.
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After entering this verification information, double-check everything and submit your application.
Once you have completed those steps, your credentials will be checked (don’t worry, it doesn’t take long) and your Interactive Brokers account will be open with a $10 bonus applied to your balance.
How to use your Interactive Brokers welcome bonus
Your $10 bonus can be used to buy contracts on any Interactive Brokers prediction market. If you are unfamiliar with how prediction markets work, or you have not read my Interactive Brokers prediction markets review, here’s a guide on how to use your bonus funds:
- Every prediction market at Interactive Brokers poses a question. These can be multiple-choice, scalar (questions with range-based outcomes), or simple ‘yes/no’ questions.
- Each potential outcome is labelled with a price of between $0.01 and $0.99.
- These market prices are determined by trader activity at Kalshi, CME Group and ForecastEx. The higher the price, the greater the perceived likelihood of the outcome happening.
- To participate in a market, you need to buy contracts on one of the potential outcomes. As the highest price for a contract is $0.99, this means that you can buy at least 10 contracts with your $10 welcome bonus.
- After an event has concluded, all successful contracts settle at $1, whilst all unsuccessful contracts settle at $0.
- For example, if you use your $10 to purchase 50 contracts on an outcome priced at $0.20 (50 x $0.20 = $10), your payout will be $50 ($1 x 50) if the outcome is successful. However, if your chosen outcome does not occur, you will lose your $10 bonus.
- This would give you an overall profit of $40 ($50 – $10). This profit will be paid into your main Interactive Brokers account and can immediately be withdrawn.
Key questions about the Interactive Brokers welcome bonus
If the above sections have raised any questions concerning the Interactive Brokers welcome bonus, you should be able to find the answers right here:
As you will know from my ROLR promo code article, opting in to some prediction market site promos involves entering an eligible promo code. That is not currently the case at Interactive Brokers. If any Interactive Brokers promo codes become available in the future, you will be able to find full details here at The Gruelling Truth.
2. Who can claim the Interactive Brokers $10 welcome bonus?
Prediction market sites are currently available throughout the US, so if you are at least 21 years old and in the United States, you will be able to join Interactive Brokers and claim the $10 welcome bonus. However, it is important to note here that the regulations surrounding prediction market sites are regularly changing, so make sure you read the guides on this site immediately before attempting to join Interactive Brokers.
3. Do I need to make a deposit to claim my welcome bonus?
No! One of the great aspects of this new trader bonus is that it can be claimed without needing to make a deposit. Just open your account and your bonus will be automatically added to your balance.
Three expert tips for trading at Interactive Brokers
I don’t just want you to collect your welcome bonus; I also want you to use it successfully AND enjoy everything else that is on offer at Interactive Brokers. With that in mind, here are my three essential tips for getting the best value out of Interactive Brokers promotions:
Whilst I’ve given you the basics on trading at Interactive Brokers, you still need to conduct in-depth research into the markets before placing any trades with your bonus funds. This research should include checking out the latest news relating to the market and assessing any recent trends in market trading. To help you conduct this research, the prediction market pages at Interactive Brokers all contain graphs displaying recent trader activity, plus links to relevant news articles.
Although most prediction market sites (for example, the one featured in my Moomoo review) allow you to buy contracts on sports events, that is not the case at Interactive Brokers. Instead, trades can be made on politics, financial markets, the climate and other current affairs topics. Before you use your bonus funds, carefully look at the available prediction markets and identify the ones that you are the most knowledgeable about.
The Interactive Brokers referral program works in a broadly similar way to the one featured in my Prophet Exchange review. In other words, you send your unique referral code to your friends. When one of them joins via your code and meets some specified requirements, you receive a reward. Specifically, you receive an Interactive Brokers bonus when a referral signs up, deposits at least $10,000 within a month, and maintains a balance of $10,000+ for a year. Whilst they may seem like extremely high thresholds, sending out your link is entirely free and takes just a few seconds, so there is absolutely no harm in sending it to as many of your contacts as possible.
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Claim bonuses to trade on different prediction markets
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See how the Interactive Brokers platform operates
Summing up – A great way to start your Interactive Brokers journey
Prediction markets are not renowned for their welcome bonuses, so the sheer fact that Interactive Brokers has a new trader promotion puts them ahead of many of their competitors. Better yet, their new trader promotion does not require you to make a deposit, so it is essentially a free opportunity to try out the markets and place some trades.
Whilst you may think that the sign up process sounds slightly convoluted (especially the verification checks), trust me, it will only take you a few minutes to complete, and you will soon have an open Interactive Brokers account with a $10 bonus added to your balance. But don’t just take my word for it; click the banners on this page today to collect your Interactive Brokers bonus and discover one of the fastest growing prediction market sites around.
Interactive Brokers welcome bonus – FAQs
👋 What is the latest Interactive Brokers welcome bonus?
The current Interactive Brokers welcome bonus gives you a $10 bonus as soon as your new account is open.
No. The current Interactive Brokers welcome offer can be claimed without needing to apply a promo code.
💰 How do I use my Interactive Brokers welcome bonus?
Your $10 Interactive Brokers welcome bonus can be used to buy contracts on any prediction market. Read our full Interactive Brokers review for details on which markets are available at the site.
🙋 Am I eligible to claim the Interactive Brokers $10 welcome bonus?
To qualify for the Interactive Brokers welcome bonus you need to be at least 21 years old and a resident of the United States.
