Does Interactive Brokers still have a 10k account minimum?

Discussion in 'Retail Brokers' started by proftradingjourney, Feb 13, 2019 at 11:17 AM.

  1. They haven't enforced it in years according to a statement they put out a while back. They also said they've dropped it now from what I read in an article I came across
     
    proftradingjourney likes this.
  2. If so, good news.
     
  3. It doesn't say 10k minimum . read it carefully.
     
  4. JSOP

    JSOP

    No there is 10K account min. required anymore BUT you need to pay $10 in account maintenance fee per month unless you generate that much in commissions. If your account balance is below 2K starting at the 9th month that you've opened your account with them, you need to generate at least $20 of monthly commissions to avoid paying account maintenance fees. So yeah they are letting anybody to open an account but you pay for the account if the balance is small enough.

    https://www.interactivebrokers.ca/en/index.php?f=4969
     
    Nobert likes this.
  5. Nobert

    Nobert