Interactive Brokers vs Webull Referral Bonus (2026)
A detailed comparison of Interactive Brokers ($200 per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Last updated:
Verdict: Webull Edges Ahead
Both Interactive Brokers and Webull offer competitive referral programs. Webull edges ahead with a 4.5-star rating.
Interactive Brokers vs Webull: Referral Bonus Decision Card
Before you decide which referral link to share, check the variables that determine whether the bonus actually lands: how much you earn, what your friend earns, what they have to do to qualify, when the reward posts, and where the offer is available. Anything the provider has not confirmed is marked rather than estimated.
Interactive Brokers referral bonus at a glance
- You earn per referral
- $200
- Your friend earns
- Up to $1,000 in IBKR stock
- Qualifying action
- Must open a new Interactive Brokers account through your referral link and meet the program's funding and activity conditions. Review the official Refer a Friend program terms for the current requirements.
- Payout timing
- Not confirmed — verify current terms
- Where it's available
- Residents of Japan, Denmark, Spain, Portugal, Poland, mainland China, and Israel cannot participate as referrers. Canadian referrers earn the $200 but not IBKR stock.
- Referral cap
- 15 referrals per year (30 lifetime)
- Max earnings
- $3,000/year, $6,000 lifetime
- Last verified
- Aug 24, 2026
Webull referral bonus at a glance
- You earn per referral
- Free stocks (varies by promotion)
- Your friend earns
- Free stocks (varies by promotion)
- Qualifying action
- Must open a new Webull account and make a qualifying deposit (recent promotions require $500 or more, with larger deposits unlocking bigger rewards). Funds typically must be held for a set period before rewards are released.
- Payout timing
- Not confirmed — verify current terms
- Where it's available
- Not confirmed — verify current terms
- Referral cap
- 10 referrals
- Max earnings
- Varies by current promotion (10-referral limit)
- Last verified
- Jun 2, 2026
These are referral-program terms as last verified by RefPerks — not financial, tax, or betting advice, and not a guarantee of payout. Providers change reward amounts, caps, and eligibility without notice, so confirm the current terms with the provider before sharing your link.
Side-by-Side Comparison
| Feature | Interactive Brokers | Webull |
|---|---|---|
| Referrer Bonus | $200 | Free stocks (varies by promotion) |
| Referee Bonus | Up to $1,000 in IBKR stock | Free stocks (varies by promotion) |
| Payout Type | Cash | Stock |
| Commission Type | One-Time | One-Time |
| Max Referrals | 15 referrals per year (30 lifetime) | 10 referrals |
| Max Earnings | $3,000/year, $6,000 lifetime | Varies by current promotion (10-referral limit) |
| Conversion Difficulty | Hard | Easy |
| Rating | 4.2 | 4.5 |
| How to Refer | Log in to IBKR Client Portal, open the Refer a Friend section under the referral programs menu, and share your personal referral link or code. | Open the Webull app, tap the menu icon, select 'My Free Stocks' or 'Refer Friends,' and share your referral link. |
| Referee Requirements | Must open a new Interactive Brokers account through your referral link and meet the program's funding and activity conditions. Review the official Refer a Friend program terms for the current requirements. | Must open a new Webull account and make a qualifying deposit (recent promotions require $500 or more, with larger deposits unlocking bigger rewards). Funds typically must be held for a set period before rewards are released. |
| Last Verified |
Pros & Cons
Interactive Brokers
Pros
- +Flat $200 cash per referral — no randomized stock lottery
- +Highest confirmed per-referral cash payout among major US brokerages
- +Your friend can earn up to $1,000 in IBKR stock
Cons
- −You must hold $2,000+ net liquidation value and have placed a trade to qualify
- −Hard caps at 15 referrals per year and 30 lifetime
- −Several countries are excluded from participating as referrers
- −IBKR appeals to active traders, so it converts poorly with casual investors
Webull
Pros
- +Frequently aggressive promotions, sometimes stacking deposit-match bonuses
- +Free stocks can occasionally include higher-value shares
- +Advanced trading tools make it appealing to intermediate investors
- +Both referrer and referee earn under most promotions
Cons
- −Requires a qualifying deposit (recently $500+), unlike Robinhood's no-deposit option
- −Reward changes month to month, so values aren't guaranteed
- −Capped at 10 successful referrals
Detailed Program Breakdowns
Interactive Brokers Referral Program
Interactive Brokers pays a flat $200 for each eligible referral under its Refer a Friend program. To qualify as a referrer your own IBKR account must hold a net liquidation value of at least $2,000 and have placed at least one securities trade.
Max earnings: $3,000/year, $6,000 lifetime
Max referrals: 15 referrals per year (30 lifetime)
Webull Referral Program
Earn free fractional shares when a friend opens and funds a Webull account using your referral link. The exact reward changes month to month — recent promotions have ranged from a couple of free stocks up to larger fractional-share bonuses at higher deposit tiers.
Max earnings: Varies by current promotion (10-referral limit)
Max referrals: 10 referrals
Our Recommendation
Webull edges ahead with a 4.5/5 rating, making it our top pick in this comparison. It offers Free stocks (varies by promotion) per referral with stock payouts.
That said, Interactive Brokers is still a solid program worth considering. The best choice ultimately depends on your audience — promote the platform your referrals are most likely to sign up for, as conversions matter more than raw bonus amounts.
For best results, consider promoting both programs and recommending whichever fits each individual referral's situation. Many successful referrers maintain active links for multiple programs in the same category.
Frequently Asked Questions
- Which referral program pays more, Interactive Brokers or Webull?
- Interactive Brokers offers $200 per referral while Webull offers Free stocks (varies by promotion) per referral. Based on the maximum bonus value, Webull has the higher earning potential per referral.
- Is Interactive Brokers or Webull easier to refer friends to?
- Interactive Brokers has a hard difficulty level while Webull has a easy difficulty level. Webull is generally easier to convert referrals for.
- How do Interactive Brokers and Webull pay referral bonuses?
- Interactive Brokers pays referral bonuses as cash with a one-time commission structure. Webull pays as stock with a one-time commission structure.
- Can I promote both Interactive Brokers and Webull referral programs?
- Yes, you can promote both Interactive Brokers and Webull referral programs simultaneously. Many successful referrers promote multiple programs in the same category and recommend different options to different audiences based on their needs and preferences.
- Which has a higher rating, Interactive Brokers or Webull?
- Interactive Brokers has a 4.2/5 rating while Webull has a 4.5/5 rating on RefPerks. Webull is rated higher overall. Ratings reflect the quality of the referral program from a referrer's perspective, including payout reliability, bonus amounts, and ease of conversion.
Related Comparisons
Explore more side-by-side comparisons in the Investing category.
Robinhood vs Webull Referral Bonus Comparison
A detailed comparison of Robinhood (1 free stock per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Moomoo vs Webull Referral Bonus Comparison
A detailed comparison of Moomoo (~$100 in stock per friend per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Acorns vs Webull Referral Bonus Comparison
A detailed comparison of Acorns ($5–$50 per referral) and Webull (Free stocks (varies by promotion) per referral) in the Investing category.
Moomoo vs Robinhood Referral Bonus Comparison
A detailed comparison of Moomoo (~$100 in stock per friend per referral) and Robinhood (1 free stock per referral) in the Investing category.
Interactive Brokers vs Robinhood Referral Bonus Comparison
A detailed comparison of Interactive Brokers ($200 per referral) and Robinhood (1 free stock per referral) in the Investing category.
Acorns vs Robinhood Referral Bonus Comparison
A detailed comparison of Acorns ($5–$50 per referral) and Robinhood (1 free stock per referral) in the Investing category.
Where This Comparison Fits
Keep researching before you share a link — these pages cover the same programs from a different angle.
Explore Each Program
Get the complete breakdown of each referral program, including detailed tips, step-by-step referral instructions, and earning strategies.
Referral program terms may change. Verify current offers on the official website.