IS IBKR being sold soon or something?

[dcwriter2]

The new contact/email system, if you want to call it that, is awful, like support has been abandoned to a forum. A pre-sale move?

And if anyone can answer these two questions, I'll post them on here, as I doubt IB will ever get back to me.


1. When do I get my $200? I referred a friend a couple months ago?

2. If that friend deposits more money, do they get the 1% on that or just the initial deposit? Is there a deadline? And when do they get the IBKR stock? And at what price?

 

[JSOP]

Trying to get money from IB. LOL Good luck! You will be lucky that you can get your own money back.

 

[def]

The new contact/email system, if you want to call it that, is awful, like support has been abandoned to a forum. A pre-sale move?

And if anyone can answer these two questions, I'll post them on here, as I doubt IB will ever get back to me.


1. When do I get my $200? I referred a friend a couple months ago?

2. If that friend deposits more money, do they get the 1% on that or just the initial deposit? Is there a deadline? And when do they get the IBKR stock? And at what price?

No clue what you are talking about for "new contact system". You can go to the client portal to send a message but also start a chat or make a call to our CS desk. In addition, the search on our website reveals a great amount of information and detail which can save lots of time.

In any event,
The terms on the $200 referral are provided on our web site here (you may want to remove the ".hk":
https://www.interactivebrokers.hk/en/search/search.php?q=referral

In particular:
What does the Referrer earn?
$200 USD for each eligible referral. To be eligible, each referred client must maintain a balance of at least $10,000 USD for one year.

and
What does the new referred client earn?
Up to $1,000 in IBKR stock. The new client will receive $1 worth of Class A common stock of Interactive Brokers Group, Inc. for each $100 in net deposits during the first year following the date of the first deposit.

Hope this helps.

 

[JSOP]

The new contact/email system, if you want to call it that, is awful, like support has been abandoned to a forum. A pre-sale move?

And if anyone can answer these two questions, I'll post them on here, as I doubt IB will ever get back to me.


1. When do I get my $200? I referred a friend a couple months ago?

2. If that friend deposits more money, do they get the 1% on that or just the initial deposit? Is there a deadline? And when do they get the IBKR stock? And at what price?

and
What does the new referred client earn?
Up to $1,000 in IBKR stock. The new client will receive $1 worth of Class A common stock of Interactive Brokers Group, Inc. for each $100 in net deposits during the first year following the date of the first deposit.

Hope this helps.

Looks to me IB is trying to ward off some hostile takeovers with this rewarding of its stocks to new clients which is like a poison pill. I have never seen brokerages rewarding its clients of their own shares. Since everything is about China nowadays, is China trying to do a hostile take over of IB since IB has access to Chinese markets and has offices and servers in Hong Kong?

If this isn't for warding off some hostile takeovers, then this is unfair treatment against existing clients vs new clients and again conflicts of interest. How come new clients get shares of the company while clients who've been with IB for so long get nothing and now the new clients have every incentive to screw other clients of IB now just as IB.

 

[Fain]

Looks to me IB is trying to ward off some hostile takeovers with this rewarding of its stocks to new clients which is like a poison pill. I have never seen brokerages rewarding its clients of their own shares. Since everything is about China nowadays, is China trying to do a hostile take over of IB since IB has access to Chinese markets and has offices and servers in Hong Kong?

If this isn't for warding off some hostile takeovers, then this is unfair treatment against existing clients vs new clients and again conflicts of interest. How come new clients get shares of the company while clients who've been with IB for so long get nothing and now the new clients have every incentive to screw other clients of IB now just as IB.

That theory doesn't make sense. It's 78% owned by 1 man. Pretty easy to reject a takeover offer.

 

[JSOP]

That theory doesn't make sense. It's 78% owned by 1 man. Pretty easy to reject a takeover offer.

Ok then it's unfair treatment against existing clients vs new clients and again conflicts of interest then. How come new clients get shares of the company while clients who've been with IB for so long as 10+ years get nothing and now the new clients have every incentive to screw other clients of IB now just as IB.

 

[Fain]

Ok then it's unfair treatment against existing clients vs new clients and again conflicts of interest then. How come new clients get shares of the company while clients who've been with IB for so long as 10+ years get nothing and now the new clients have every incentive to screw other clients of IB now just as IB.

I dunno man. New client offers are pretty normal. As a shareholder of IBKR, i think the move is good and should have been done years ago. Robinhood, Wealthsimple all used the free stock offer to great success.

The more clients they have, the easier it is to scale into new products/markets and increases their available short inventory.

 

[JSOP]

I dunno man. New client offers are pretty normal. As a shareholder of IBKR, i think the move is good and should have been done years ago. Robinhood, Wealthsimple all used the free stock offer to great success.

The more clients they have, the easier it is to scale into new products/markets and increases their available short inventory.

My point is they should've offered it to everybody not just to new clients or they should've offered something else, not shares. Otherwise what is this? A Reverse Pyramid scheme?

 

[Fain]

My point is they should've offered it to everybody not just to new clients or they should've offered something else, not shares. Otherwise what is this? A Reverse Pyramid scheme?

Fair enough but most people will understand why an existing business doesn't give $200 to 1.45M Existing customers.

As a shareholder I'm okay with giving $200 in free shares in return for a new client that creates an additional $2,000 in revenue on average.

Giving $200 per existing client is just an unnecessary 300M charge.

 

[JSOP]

Fair enough but most people will understand why an existing business doesn't give $200 to 1.45M Existing customers.

As a shareholder I'm okay with giving $200 in free shares in return for a new client that creates an additional $2,000 in revenue on average.

Giving $200 per existing client is just an unnecessary 300M charge.

So I guess all the existing clients should just all leave to let the pyramid collapse then since they don't generate revenue? To let the new client create the "$2000 in revenue on average" when many of them trade small and some even quit and the majority of them pester the customer support system with all kinds of questions because we all know how steep of a learning curve to get used to the TWS and there is no hand-holding for new clients?

OK... LOL