What is the inactivity fee for IBKR Pro in the context of cryptocurrency trading?
Can you explain what the inactivity fee for IBKR Pro is and how it applies to cryptocurrency trading? I'm interested in understanding the specific details and implications of this fee in relation to trading digital currencies.
3 answers
- Ahmed ShabaanJun 14, 2020 · 6 years agoThe inactivity fee for IBKR Pro is a fee charged by Interactive Brokers to customers who do not meet certain trading activity requirements. In the context of cryptocurrency trading, this fee applies to customers who do not execute at least $10 in commissions per month. If you trade cryptocurrencies on IBKR Pro and fail to meet this requirement, you will be charged a monthly inactivity fee of $10. It's important to note that this fee is separate from any other trading fees or commissions you may incur.
- Hemant ChaudhariJun 11, 2021 · 5 years agoThe inactivity fee for IBKR Pro in the context of cryptocurrency trading is a fee that is charged to customers who do not meet the minimum trading activity requirements. Specifically, if you trade cryptocurrencies on IBKR Pro and do not generate at least $10 in commissions per month, you will be subject to a monthly inactivity fee of $10. This fee is designed to encourage active trading and ensure that customers are actively using the platform. It's important to keep in mind that this fee is in addition to any other fees or commissions associated with your trades.
- Charlie RMar 28, 2023 · 3 years agoWhen it comes to the inactivity fee for IBKR Pro in the context of cryptocurrency trading, it's important to note that this fee only applies if you fail to meet the minimum trading activity requirements. Specifically, if you trade cryptocurrencies on IBKR Pro and do not generate at least $10 in commissions per month, you will be charged a monthly inactivity fee of $10. This fee is separate from any other fees or commissions you may incur and is designed to encourage active trading on the platform. If you're an active trader, you won't have to worry about this fee.
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