The Offer
Direct link to offer
- Silo Markets is a brokerage that is offering an ongoing bonus and benefits. It looks like funds are managed through IBKR. There are two tiers:
- 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 points ($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, & Costco credits
- Silo Preferred Status ($750K+ account size): Costco Executive Membership Fee ($130/year)American Express Gold Annual Fee ($325/year)
- Silo Elite Status ($1M+ 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 fees can be seen here.
Our Verdict
Let’s assume you have $500,000 with them, you’d earn a maximum of 250,000 points worth $2,500. You’d also pay $960 in monthly fees for a total return of $1,540. If you compare this to other brokerage bonuses it’s significantly worse especially as the hold period is minimum of one year. The upside is that this is set and forget (assuming the program doesn’t drastically change which is a big assumption).
They do say transfer partners are coming in June, 2026. That could make the program slightly more interesting if you highly value particular points and its a 1:1 transfer rate but you might as well just wait until that happens. I do find it off putting that they make the figures regarding AUM etc for IBKR so prominent but don’t display any data on the scale of the operation they are running.
