With the Refer a Friend promotion, you as the referred client have a "Welcome Share Balance" during the Award Period that changes based on the amount of net deposits. The number of shares you are entitled to may increase or decrease as deposits or withdrawals are made into/out of the referred account. The IBKR shares are granted at the end of the Award Period.
The Award Period of the IBKR share grants starts on the first deposit (FD) day and ends a year later (FD + 365). Which means if you make additional deposits into your account during the first year then you will receive additional IBKR share grants up to USD 1,000 and we will issue these share grants as fractional shares (4 decimals).
Clients referred prior to August 14, 2025:
- Number of Shares Awarded = (Deposit Value X .01) / (Closing Price Per Share of IBKR on the day of the deposit)
- Number of Shares Returned to IBKR= (Withdrawal Value / Net Deposit Value Before Withdrawal) x Welcome Share Balance Before Withdrawal
Clients referred on and after August 14, 2025:
- Number of Shares Awarded = (Deposit Value / 300) / (Closing Price Per Share of IBKR on the day of the deposit)
- Number of Shares Returned to IBKR= (Withdrawal Value / Net Deposit Value Before Withdrawal) x Welcome Share Balance Before Withdrawal
This information can be seen under the Grant Activity section of a YTD Activity Statement.
Please Note
- Only new assets (from non-IBKR sources) are eligible. Transfers from other IBKR accounts are not eligible.
- Welcome Shares can be sold or transferred 1 year from the award date of the deposit associated with the share grant. This date is referred to as the Anniversary Date.
- If you withdraw funds after the first year then your unvested IBKR shares will remain. However, if you initiate a close request prior to the time the IBKR shares are vested then you will forfeit all shares.