Inactivity Fee (IBKR)

Discussion in 'Interactive Brokers' started by Helix404, Jan 13, 2020.

  1. Helix404

    Helix404

    Does ibkr charge inactivity straight from your ibkr account or bank balance? And if it's from my account, how do they charge it if all of my money are already being used to buy securities?
     
  2. Dang they have an inactivity fee? When does it apply?!
     
  3. ktm

    ktm

    It's $10 per month if you don't have $10 in commissions for that month if your balance is under $100K. Even if you had $7 in commissions, it would then only be $3.

    The money is taken from the brokerage account. If you have zero cash, you would then have a negative cash balance.
     
    kmiklas and murray t turtle like this.
  4. Helix404

    Helix404

    Thanks
     
  5. Tradenade

    Tradenade

    Does anyone know how much IB charge RT for the YM?
     
  6. Overnight

    Overnight

    $1.70 USD + relevant fees on their fixed tier schedule.
     
    Tradenade likes this.

  7. Thank you! I'm all good lol.
     
  8. Margin.
     
  9. Helix404

    Helix404

    One more question, is it taken the same day as a margin interest? which is every third business of the month?
     
  10. For me the inactivity fee is taken on the first day of the month. Same day data fee is debited.

    And for those who asked above inactivity fee is after 3 months with no trades.

    Also, it should be relatively easy to get the fee waived the first time. It was for me