Yesterday, some Interactive Brokers clients noticed some changes on their official website:
from Interactive Brokers website
It looks too good to be true. But it really is.
Beginning 1st July 2021, Interactive Brokers have eliminated the monthly Inactivity Fees for all retail and adviser-client accounts below – regardless of the prior US$100,000 AUM.
This is big news for a lot of retail traders and investors who wanted to be on Interactive Brokers but were apprehensive due to this monthly inactivity fee.
What this Monthly Inactivity Fee is About
Prior to this change, if you go to the same page, you would observe this:
If the net liquidation value of your account is less than USD$100,000, IBKR will charge an inactivity fee of USD$10 a month (I am not sure why it called an activity fee haha)
If you made trades in the month, the commissions are net off from this $10, so IBKR do not double charge you.
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