keeping a balance...

Discussion in 'Retail Brokers' started by ScalpMan, Dec 3, 2006.

  1. ScalpMan


    Hey folks..

    Just a few questions that I have regarding IB accounts.

    I have been an active trader for the past few years and I have stopped trading for the past six months and will not trade again probably for another six months to 1 year.

    I do know that I will be charged a data fee of 10.00 per month because of no commissions

    1. How much is the account insured upto ? (just having cash)

    2. What is the current interest rate ?

    3. Would you recommend using it as a type of savings account while not trading ?

    Thanks in advance for you help :)