Greenwich, Conn. - (BUSINESS WIRE) - Interactive Brokers Group (Interactive Brokers Group, Inc., IEX: IBKR) IBKR will use its brokerage accounts 1 million new customers reward of up to $ 1,000 commission points. Participate in the promotion of their customers betting in IBKR simulated sports betting exchange redeem bonus, you can get the above points.
Exchange is located sports.ibkr.com or by phone software application "IBKR Sports". It is as personal a simulation of the individual market operators, participants can buy and sell and trade for real sports betting tennis, soccer, baseball and other sports after the development of.
Interactive Brokers chairman Thomas Peterffy said: "We hope this is not used to promote the Interactive Brokers platform to attract before, and for familiarity than watching sports on financial markets familiarity with customers."
Peterffy said: "Our aim is to teach people about the probabilistic nature of the market, trade and investment we are through our simulation sports betting exchange to illustrate this point, each winning bets are paid 100 yuan players if he thinks the team. win probability of 40%, he / she may buy or sell bets below 40 bets of 40 or more. with the emergence of more information and events carried out, these probabilities may vary, betting the price will begin to fluctuate, similar to the stock price. "
He added: "Through this promotion, players can learn about our platform, to learn how to trade and invest, how to track your finances, and get entertainment We believe that many of these participants will try us. free demo version brokerage accounts, and even eventually become clients of Interactive Brokers. "
The following are the operating mechanism of the Interactive Brokers simulated sports betting:
The first 2.2 million to open a demo account betting participants will receive a virtual dollar account balance "of $ 1,000" (or its equivalent in virtual euro, sterling or Canadian dollars). Then, participants can use these virtual currency to buy, sell and trade simulation sports betting contracts.
Each winning simulation betting contracts can win 100 virtual dollars (or 100 virtual EUR, GBP or CAD, as applicable). As with stocks, bonds, options or futures, simulated sports betting exchange, participants can bid or offer by a particular result, mutual trading bets. The tender offer is effective from the virtual currency and between 0.05 to 99.95, reflecting the bettor an estimate of the percentage of probability of results. Simulation gaming will account for all virtual profit credited, all virtual loss debits. Virtual commission per transaction will be deducted for each contract, which is equal to 1% of the amount of the bet or (100 analog wager). Each tournament participant may not hold more than three contracts outstanding bets, but continued to buy or sell a new contract after the settlement of outstanding contracts.
Won in simulated sports betting account convertibility for the amount of up to $ 1,000 commission points (bonuses) and use the Interactive Brokers brokerage account. This exchange is only one chance, and the commission Points can not be transferred or withdrawals. Any unused points will automatically expire after five years, without any value. Participants can not deposit or withdrawal in a simulated betting account.
All funds in the account are simulated gambling virtual currency, non-transferable and have no cash value.
If any virtual account balance drops to zero, the account will be closed, and the same player can not open any other analog betting account. Open brokerage accounts need to meet the eligibility requirements and terms and conditions of Interactive Brokers.
This promotion is open to participants above 21 years of age permitted jurisdictions. And does not allow any unnecessary purchase or payment, participants can not bet or win or lose real money. January 2019 holders of brokerage Interactive Brokers account the period from 1 May to 30 June will not be eligible for the prize money exchange commission points. Campaign will end in 2020 or December 31 have been assigned to complete all bonus, whichever is earlier. See Official Rules https://sports.ibkr.com/ibg/#/ext/rules , understand the full terms and conditions.
We do try our free demo account through a test group of individuals for the nearest 1,000 simulated betting account. We expect, in the Wimbledon quarter-finals, all who qualify can open a demo account betting.
Access https://sports.ibkr.com , for more information.
About Interactive Brokers Group:
A subsidiary of Interactive Brokers Group IBKR a single comprehensive investment accounts in more than 125 markets in many countries to provide all-weather multi-currency securities, commodities and forex automated trade execution and global custody clients. Our clients covered by individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. For four decades and automation technology focus, so that we can provide customers with a unique cutting-edge platform, at the lowest cost to manage their portfolios (according to Barron released in February 25, 2019 "Best Online Broker" Comments ). We strive to lower prices for customers with favorable price and execution trading, risk and portfolio management tools, research tools and investment products, in order to achieve superior returns on investment.