
It’s great to see a prediction market site offering a bonus, after all, not all of them do. I was so happy with the Interactive Brokers new user promo that I decided to write a detailed guide on it.
It might be a modest bonus, but it’s plenty to get you testing the waters. Let’s face it, who’s going to say no to a $10 sign-up bonus? I’m sure not going to! It’s a great way to start trading. With contracts ranging from $0.01 and $0.99, there’s a lot of value there.
This effortless bonus credits you with $10, right off the bat - no questions asked. Okay, maybe there are a few questions, but those are just to confirm a few personal details. It’s all very quick, so there’s not much delay between you getting your hands on your free $10 credit. With no restrictions on it, you can use this $10 bonus to trade on any market. Yep, that’s right - any market you prefer.
With the highest priced event contract costing $0.99, you’ll get at least 10 trades from this bonus. Heck, plan it right, and it holds the potential of 1,000 event contracts - although that’s unlikely to work in practice! As you can see, what might look like a small bonus certainly packs a punch and is competitive against even the best offers, such as the DraftKings Predict bonus.
I wasn’t exaggerating when I said that this bonus is effortless, so let’s take a look at exactly how easy it is to claim the Interactive Brokers bonuses for new users:
As you can see, you will need to complete the verification check before you can access your account. Don’t worry, it doesn’t take up much of your time. Just keep this in mind, as I recommend having your documents accessible and on hand so that you aren’t hunting down your documents at the last minute.
Looking for bonuses of Interactive Brokers for existing and new users? Well, Interactive Brokers has answered! Having said that, the site currently only offers one ongoing promotion. While it’s a pretty great offer, it would be good to see a bit more variety in the future. Whether it’s through deposit bonuses, trading bonuses, or some sort of loyalty program, I think more ongoing bonuses would be an excellent addition. With that in mind, let’s take a look at the ongoing offer that you can take advantage of.
Every 24 hours, you will accumulate 3.12% APY interest based on the market value of your event contracts. Your interest is credited to your account as an Incentive Coupon once a month, although your interest is built up daily. This is ideal for consistent traders, as it’s a great way to get something back just for turning up and buying event contracts. I’ve not seen this type of bonus before at prediction market sites, so it’s certainly competitive against the likes of the Moomoo bonus.
I have been around the block a few times when it comes to prediction market bonuses, so I know a good one when I see it. Just as I did for the Coinbase bonus, here are a few tips that I picked up on:
That’s right, you don’t even need to use the $10 bonus. You can create an account, claim the offer, and withdraw it immediately. I mean, I don’t see why anyone would want to do that, but you can’t ask for fairer than that, can you? You can either use the $10 bonus to buy your first few event contracts or withdraw it as you please - the choice is yours.
Whether you are new to prediction market sites or not, you will need to read up on the T&Cs, trading fees, and everything else. After all, not all prediction market sites have the same rules. I picked up on a whole stack of rules during my Interactive Brokers review, so it’s important that you read them all. The great thing about Interactive Brokers is that there are tons of guides, so make use of them.
Before you start trading, make sure you do your research. It doesn’t matter which category you go for; research is vital. Read up on the relevant news and reports, as they will make a huge difference to your decision. For example, if you are trading on an election outcome, be sure to check the latest debate performances. You should never buy an event contract without having some understanding of the market you are trading on, otherwise you won’t be making informed decisions. Plus, tracking the movements is beneficial because you can sell your contracts before the official resolution.
Once a month, you will receive the interest that you have accumulated in one hit. Now, when this lands in your account will depend on when you registered, as it runs from the moment you start trading. So, it might be worth marking your calendar for when you can expect to receive your payout, so you don’t miss when it hits.
Interactive Brokers doesn’t have many strict restrictions on this bonus, which makes it pretty easy to use. Having said that, there are a few things you will need to get up to speed on if you want to have an easy time claiming and using the bonus. So, here’s a list of commonly asked questions that I found when learning about the offer:
No. A deposit is not required to claim the $10 sign-up bonus. Instead, it’s automatically released to your account as soon as you complete the verification check. You do not need to deposit funds into your account until you wish to boost your balance to allow for more trades.
No. You can’t use your bonus to trade on sports outcomes because sports are not an available market at this time. It’s also worth noting that sports are unlikely to be added to the site in the future.
You should automatically receive your $10 bonus, which generally arrives ready for when you log in for the first time. However, in the event of a technical issue, your bonus may be delayed. If your bonus doesn’t arrive after a bit of time, you can reach out to the support team, who can resolve it for you.
No, claiming the offer multiple times is strictly off-limits. You are also not permitted to create additional accounts for the purpose of claiming more sign-up bonuses, as this is against the site’s T&Cs. If you get locked out of your account, then you will need to get in touch with the support team, who can help you to gain access to it.
Once you have used your $10 bonus, it’s then up to you to fund your account for your subsequent trades. For now, there aren’t any other promotions available to claim additional credit, so you will need to deposit funds to start trading once more.
Interactive Brokers got me up and running with a $10 bonus with minimal fuss. What’s more, is that it was entirely up to me whether or not I used the bonus or withdrew it straightaway. Now, it’s not often you get the chance to withdraw $10 without giving anything to the site first. Seriously, now that’s what I call a bonus! It’s worth noting that while the registration process is easy, you do need to complete the verification check, so you should be prepared to submit various documents before you can proceed. It’s not a big hassle, but something you need to be mindful of.
When it comes to ongoing promotions, you can pick up daily interest that pays out once a month. So, every event contract you buy, you will pick up interest based on the market value. Out of all the prediction market sites I have explored, this is a unique bonus that caught my eye for that reason. While it would be great to see a few more ongoing bonuses, this one is pretty decent.
I didn’t need to acquire a promo code, which streamlined the process a bit more. All I needed was to open a new account and complete the verification check, and I was good to go. I also didn’t need a promo code for the interest bonus, either, so you don’t need to worry about searching for promo codes at any point, just as I found with the Sleeper Markets bonus.
Yes, of course. You can withdraw your bonus without using it or use it to buy event contracts, which may settle at $1 if your predictions are correct. If you predict an event correctly, you will receive a $1 settlement, which is 100% withdrawable. Just keep in mind that there is going to be a minimum withdrawal limit, so you might not be able to get a payout straightaway.
You must be 18+ years old or the minimum age of consent in your US state. You must also be physically located in a permitted state, which currently excludes Nevada and Minnesota. If you are based in any of the other 48 states, you are permitted to join and claim the bonus.