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Interactive Brokers removes $10 monthly account minimum fees
By betterspider  •  July 8, 2021
Last week, I received an email from Interactive Brokers that my account no longer qualifies for IBKR Lite and it will be converting my IBKR Lite account to IBKR Pro. However, in the note, there was a piece of good news – they will not be charging for account maintenance fees for individual accounts anymore. Account maintenance fees used to be a required minimum that IBKR charges for investment accounts under them. This fee is US$10 and charged on a per account basis monthly – it is waived if you have more than US$100,000 in equity with them or generate more than 10 USD in commissions and fees for the month. IBKR has finally removed this fee and it is now no longer charging any account maintenance fees, bringing both the account minimum and account maintenance fee to $0. With this reduction, you no longer need to actively trade to incur activity fees, and you no longer need to hold any minimum amount with them....
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By betterspider
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