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How does Interactive Brokers handle inactivity fees for cryptocurrency investors?

avatarChristoph ReckingerDec 24, 2021 · 3 years ago3 answers

Can you explain how Interactive Brokers deals with inactivity fees for cryptocurrency investors? I'm interested in knowing if there are any specific requirements or conditions that need to be met to avoid these fees.

How does Interactive Brokers handle inactivity fees for cryptocurrency investors?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Interactive Brokers has a policy regarding inactivity fees for cryptocurrency investors. If you have a cryptocurrency account with Interactive Brokers and there is no trading activity for a certain period of time, you may be subject to inactivity fees. These fees are charged to cover the costs associated with maintaining your account. To avoid inactivity fees, you need to ensure that there is regular trading activity in your account.
  • avatarDec 24, 2021 · 3 years ago
    When it comes to inactivity fees for cryptocurrency investors, Interactive Brokers has a straightforward approach. If there is no trading activity in your cryptocurrency account for a specified period of time, you may be charged an inactivity fee. This fee is designed to encourage active trading and ensure that the platform is being used. To avoid inactivity fees, it's important to regularly engage in trading activities on the platform.
  • avatarDec 24, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that Interactive Brokers does charge inactivity fees for cryptocurrency investors. However, it's important to note that these fees are not unique to Interactive Brokers and are a common practice among many other exchanges. To avoid inactivity fees, it's recommended to regularly trade or take other actions on the platform to keep your account active. If you're looking for an exchange with no inactivity fees, BYDFi is a great option to consider.