Minimum Balance to Maintain in IB?

Yeah, you can reactivate a closed account with any amount, but required to maintain $500 to receive r/t quotes.

 

Isn't this supposed to be <i>Elite</i>trader?.. All these posts about $500 or $2000 account minimums, or $10 or $20 fees -- <i>WTF?</i>

 

Right, only those with at half a yard at Barings Bank are allowed to post.... oh wait, nevermind.

 

What about this statement from IB website:

Accounts that show no balance for 45 days will be closed. To reactivate an account that has been closed for having no balance, a new account deposit of USD 10,000 or non-USD equivalent is required.

 

Odd.

 

If you go into account management and untick the data subscription for US equities (and everything else that isn't free) - you won't be charged anything per month.

 

Ok. Thanks guys.

 

This is incorrect. Inactivity fee still applies.
$10 Inactivity fee will be charged if your account balace is above $2000
Below $2000 the inactivity fee will be $20

http://ibkb.interactivebrokers.com/node/314

 

My thoughts exactly. Trading with only $500, that's kind of like betting on ponies.

 

You are misinformed. That is only allowed in accounts that do not have the ability to trade on exchanges regulated by the SEC.