I’ve recently finished my main Interactive Brokers review where I checked out the legitimacy of this predictions market – I also briefly looked at the potential bonuses and promos, but now I’m going to explore these things in more detail.
This brings me to the below Interactive Brokers bonus review. The first thing I found was a neat welcome bonus where you can get $10 in bonus credit to trade with, but I also saw a fantastic APY interest feature where you have the potential of getting 3.12% on your held positions. Read on to learn more!
When I created my Moomoo bonus review, I first checked for a signup offer, so I did the same with Interactive Brokers, and I was pleased to see a small but valuable offer where you can get a trading bonus just for signing up. Overall, I rate this as one of the better signup bonuses at US prediction exchanges – it’s easy to understand, simple to claim, and gives you something tangible to use.
When I created my account here, I got a $10 bonus. Now, there’s definitely larger welcome offers out there, such as the one I found in my DraftKings Predict bonus review, but I do not think there are any that are as easy to get, and give you value for no initial cost. The main pointers here are that all you have to do is register an account – you don’t even have to make an initial deposit or make a trade. Important terms and conditions of this bonus include:
Another huge point here is that you can use the $10 to trade with, or you can just withdraw it straight away – I’ve never really seen any prediction market offer like this, and I had to double-check the T&Cs to be sure. But, yup, if you wanted, you could just withdraw the $10 if you wished. I don’t think anyone would though, as I assume anyone signing up does intend to trade predictions!
As mentioned, all you need to do to get this Interactive Brokers bonus is register an account, and you should be able to that via the following steps:
Click on one of the Interactive Brokers banners on this page.
Click on one of the Interactive Brokers banners on this page.
Enter an email, username, password, and country.
Enter the relevant income and tax info.
Complete the survey relating to your trading experience.
Complete any initial verification.
Log in to your new IBKR account.
This is a long signup process and there are a lot more stages compared to other sites I’ve tested. I did have to do something similar during my Coinbase bonus review though. Essentially, you have to go through the standard signup process, and you also have to do the full KYC check there and then, plus take the trading survey so that IBKR knows that you understand the potential associated risks of prediction market trading.
I get that this is annoying, but I am also impressed with this process and think Interactive Brokers does a great job of protecting its customers and being transparent about its services and how prediction markets work.
I did not withdraw my $10 IBKR bonus. Instead, I made a few trades on short term crypto price predictions, which Interactive Brokers has a good selection of. You can read more about the site’s features and predictions in my complete Interactive Brokers review, but I certainly put my bonus to good use, and I appreciated the boost I got to my initial deposit.
During the creation of my Coinbase bonus review, I didn’t really find many promos for existing customers, and it was a similar situation with Interactive Brokers. There is one feature that really caught my attention though, and I think it has some superb potential depending on your trading goals and long term activity.
Interactive Brokers offers a unique type of incentive coupon where you have the potential to accrue daily interest on your account activity. This feature has the following terms and conditions:
Pretty simple right? By holding positions, this means any event contracts that you are holding, and this is the key part. You could perhaps make some more long term predictions, with an aim of accruing interest until the event contract settles. It could be a viable strategy. For example, you could buy predictions for a relatively safe market that will not settle until the end of the year – until that happens, from the moment you buy the contracts, to the point they settle, you’ll be getting daily interest!
To finish, I wanted to share some important facts and information that I found useful when researching the Interactive Broker promotions.
In terms of accessibility, Interactive Brokers can offer its prediction markets in the US – it is a CFTC-regulated exchange, and it also works with three derivatives providers who are CFTC-registered. Currently, at the time of writing this Interactive Brokers bonus guide, it is available in 48 states, with the two exclusions being Nevada and Minnesota. I will aim to keep this page updated with any future developments though.
This is something that everyone has to be aware of. Similar to how the value of stocks can go down, there is the chance you get $0 return from your held event contracts. If an event contract you hold settles out-of-the-money, it means you got the prediction wrong, and in this instance you get a $0 return. It’s only if your event contracts settle in-the-money that you get a $1 return per contract minus fees.
From my research and testing, and my own trading experiences, similar to what I found in my Sleeper Markets bonus review, Interactive Brokers has a variable trading fee structure. Typically, the minimum fee will be $0.01, which is pretty good and in-line with industry expectations. But, this can also vary depending on the category, market, and prediction type. When you go to execute a trade, you should be able to clearly see any fees.
Interactive Brokers does not offer its prediction markets directly. Instead, it works with three top brands who facilitate its predictions. These are Kalshi, ForecastEx, and the CME Group. I think this really benefits the site as it means they have potential access to a much wider range of predictions, and you also get the added bonus of the huge trade volume that comes with these predictions.
I know that the Interactive Broker bonus list isn’t huge, but both of the promotional features that it offers are high quality and give you tangible potential benefits. I really like the simplicity of the $10 signup bonus, as it requires little from you, while also giving you a little extra to trade with. Similarly, the daily interest feature has some great potential, especially if you consider holding long term predictions.
Compared to other sites, IBKR is definitely up there in terms of its promotional offering, and I believe this is complemented by the professional design of the site, the excellent security, and the diverse selection of prediction markets it offers. If you would like to get the signup bonus, all you need to do is click my banners to visit Interactive Brokers and then go through the registration process.
No. I didn’t need to use an Interactive Brokers bonus code for the signup offer, or for the special interest feature. With the signup bonus, all I had to do was click the relevant banners, go through the registration process, and verify my ID. Similarly, for the APY interest feature, it was simply added to my account balance automatically at the end of the month.
Yes. I’ve personally tested the APY interest feature and got the $10 signup bonus and they are exactly as described. With the interest bonus, I recommend reading the terms and conditions properly so that you understand how and when the interest is paid, and what you can potentially get it from.
You can potentially get real money payouts from your event contracts. If you use your $10 bonus at Interactive Brokers to make trades, you can hold your event contracts until the event settles. If your event contracts settle in-the-money, it means you got the prediction right, and you’ll get a $1 return for each contract. If your event contracts settle out-of-the-money, you got the prediction wrong and you’ll get $0 return.
Currently, when I wrote this guide, Interactive Brokers’ promotions and services were available in 48 states, excluding Nevada and Minnesota.
It should accept a range of common payment methods, but the exact options will vary depending on your individual account. For example, I was able to use methods like Bank Transfer and debit cards. The simplest thing you can do is sign up using the links on this page and then head to the deposit screen to see what’s available.
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