Offers
- Silo Markets is a broker that offers an ongoing bonus and benefits. It appears that the funds are managed through IBKR. There are two levels:
- Gold Points ($20 per month)
- Earn 0.5x points on your entire account balance every year, up to 50,000 points per year. Redeem up to 50,000 points per month for 1¢ each.
- Platinum Spot ($80 per month)
- Earn 0.5x points on your entire account balance every year, up to 250,000 points per year.
- Eligible for American Express Gold, Platinum and Costco Credits
- Preferred Silo Status ($750K + Account Size): Costco Executive Membership Fee ($130/year) American Express Gold Annual Fee ($325/year)
- Silo Elite Status ($1 million + account size): Costco Executive Membership Fee ($130/year) American Express Gold Annual Fee ($325/year) American Express Platinum Annual Fee ($895/year)
- Gold Points ($20 per month)
- Full rates can be viewed here.
Our verdict
Let’s assume you have $500,000 with them, you will earn a maximum of 250,000 points worth $2,500. You’ll also pay $960 in monthly fees for a total return of $1,540. If you compare this with other brokerage bonuses it is significantly worse especially since the retention period is a minimum of one year. The good thing is that this is set and forget (assuming the program doesn’t change drastically which is a big assumption).
They say transfer partners are coming in June 2026. This might make the program a bit more interesting if you value a lot of special points and it’s a 1:1 transfer rate, but you can also wait until that happens. I guess I’m saying that they make the figures about AUM etc for IBKR so prominent, but they don’t show any data about the scale of the operation they are running.
