Who is Eligible?
A Commission-Based Referral Partner Account must be an organization1:
Partnership
Corporation
Limited Liability Corporation
Unincorporated Business
Commission-based referred clients must be one of the following types of Interactive Brokers accounts:
Individual, Joint and Trust
Proprietary Trading Group (Pool Account or Single Trading Limit Account)
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Restrictions
The Commission-Based Referral Program is not available to Referral Partners and referred clients from the US, Canada and Spain.
You cannot participate in both the Commission Markup Referral and IB Financial Advisor programs.
Commission-Based Referral Fee Schedule
Commission-based Referral Partners earn fees for each eligible client referral for up to three years. The fees are markups that are paid by the referred client according to the following schedule:
30% of commissions in Year 1
20% of commissions in Year 2
10% of commissions in Year 3
The program ends after three years.