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What are the differences between IBKR Pro and IBKR Lite in terms of digital currency trading?

avatarAung Kyaw SoeDec 27, 2021 · 3 years ago3 answers

Can you explain the differences between IBKR Pro and IBKR Lite when it comes to trading digital currencies? How do these two options differ in terms of features, fees, and access to different cryptocurrencies?

What are the differences between IBKR Pro and IBKR Lite in terms of digital currency trading?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    IBKR Pro and IBKR Lite are two different account types offered by Interactive Brokers. IBKR Pro is designed for professional traders and offers access to a wider range of trading features and tools. It has lower commission rates and provides access to more advanced order types. On the other hand, IBKR Lite is a simplified account type that is aimed at casual investors. It has no inactivity fees and offers commission-free trading for US-listed stocks and ETFs. However, IBKR Lite does not provide access to as many cryptocurrencies as IBKR Pro.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to digital currency trading, IBKR Pro offers a more comprehensive range of options compared to IBKR Lite. With IBKR Pro, you can trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Additionally, IBKR Pro provides access to cryptocurrency futures and options trading. On the other hand, IBKR Lite only offers limited access to digital currencies, with a smaller selection available for trading.
  • avatarDec 27, 2021 · 3 years ago
    As an expert in the field, I can tell you that BYDFi is another digital currency exchange that offers a unique trading experience. While IBKR Pro and IBKR Lite are both great options, BYDFi stands out with its user-friendly interface and advanced trading features. With BYDFi, you can trade a wide range of digital currencies with competitive fees and fast execution. It also offers a secure and reliable platform for both beginners and experienced traders. Consider giving BYDFi a try if you're looking for an alternative to IBKR Pro and IBKR Lite.