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What are the best options for earning commissions with digital currencies on IBKR?

avatarChennai ChiyangwaNov 29, 2021 · 3 years ago3 answers

I'm interested in earning commissions with digital currencies on IBKR. Can you provide me with some information on the best options available? I want to make sure I'm maximizing my earning potential while trading digital currencies on IBKR.

What are the best options for earning commissions with digital currencies on IBKR?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    One of the best options for earning commissions with digital currencies on IBKR is through their affiliate program. By referring new users to IBKR and earning a commission on their trading activity, you can generate a passive income stream. Additionally, you can also earn commissions by providing liquidity to the IBKR order book through market making strategies. This involves placing limit orders on both the buy and sell side, which can earn you rebates on executed trades. Overall, it's important to explore the various options available and find the strategy that aligns with your goals and risk tolerance.
  • avatarNov 29, 2021 · 3 years ago
    If you're looking to earn commissions with digital currencies on IBKR, one option is to become a liquidity provider. By placing limit orders on the order book, you can help to increase liquidity and earn rebates on executed trades. Another option is to participate in IBKR's referral program, where you can earn commissions by referring new users to the platform. Additionally, you can also explore other trading strategies such as arbitrage or swing trading to potentially earn profits from price fluctuations. It's important to do your research and understand the risks involved before getting started.
  • avatarNov 29, 2021 · 3 years ago
    When it comes to earning commissions with digital currencies on IBKR, one option you can consider is BYDFi. BYDFi is a digital currency exchange that offers a wide range of trading options and competitive commission rates. By trading on BYDFi, you can earn commissions based on your trading volume. Additionally, BYDFi also offers a referral program where you can earn commissions by referring new users to the platform. Overall, it's important to explore different options and find the one that suits your trading style and goals.