But as most people are also likely aware, Interactive Brokers is known for one thing:
Their infamous inactivity charge.
This charge is levied on every account with less than USD100k in it and can be either USD3 or USD10 per month depending on your age. That’s a hefty price to pay to just hold some shares in your account no?
AND YES, I agree!
So, what changed?
Aha, but just a few days back, on the first of July, something very magical happened…
Interactive Brokers officially removed their inactivity charge, woohoo! Which, in my eyes at least, officially make them the undisputed best broker available to Singaporeans (for now).
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