Registered: Sep 2001
04-29-12 04:46 AM
Quote from Mark2m:
3) Minimum is $30 per month whether you trade or not, so if $26 in trades than you pay $4 more at the end of the month.
This seemed to be a little more than what I recalled as IB's activity minimums. I went back and read IB's activity minimums and this is the way I understood the minimum activity cost per month: If a trader generates less than $10 per month in trade commissions in a month, a fee will be added so the fee plus the commissions equals $10.00. Also, if a client is signed up for the USA market data bundle, there is a additional $10.00 monthly fee which is waived whenever the monthly commissions generated in the account reach 30.00 USD. The way I interpret this is the minimum monthly charge for no activity is $10.00 if the client is not signed up for the USA market data bundle. If the client is signed up for the USA market data bundle, the total monthly fee for no trading activity is $20.00.