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 IBKR no longer charging inactivity fees from 1st J

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Ramjade
post Jul 9 2021, 06:18 PM

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QUOTE(cklimm @ Jul 9 2021, 10:07 AM)
But for how long? What if they charge it again someday?
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Permanent. Just ask their customer service. If they charge it one day no problem you. Hehe...

QUOTE(gunpla student @ Jul 9 2021, 10:08 AM)
Trade station never charge and about the same as IKBR  notworthy.gif
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But you pay higher commission.

QUOTE(lee82gx @ Jul 9 2021, 11:24 AM)
I don’t receive this email. Any reference?

Inactivity fee is it the same as the fee for below 100k USD holdings?
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If you are on whitelabels you won't get it.

QUOTE(chrisderick88 @ Jul 9 2021, 12:27 PM)
not that it matters, but I've noticed that there is a "REQUIRED MINIMUM COMMISSIONS" thing now?

If total commissions paid during the first 8 months are less than the required minimum, the difference is paid as a maintenance fee.
Example: USD 10,000 minimum - USD 7,000 commissions = USD 3,000 maintenance fee.

Not sure if anyone can clarify further on this
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It's for broker who want to use their service.

QUOTE(Porie @ Jul 9 2021, 02:02 PM)
One of the main advantages of IBKR over TSG is the ability the purchase fractional shares yes?

Rly tempting and can DCA easily
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Cheaper fees, fractional shares.
Ramjade
post Jul 9 2021, 07:26 PM

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Anyone know how to transfer from Whitelabel to Ibkr?
Ramjade
post Jul 9 2021, 07:47 PM

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QUOTE(tadashi987 @ Jul 9 2021, 07:43 PM)
hahaha same question, now it's the hassle how to transfer that much of counters from TSG to IBKR  rolleyes.gif

unless maintain both sides, or sold all and buy again  mega_shok.gif but gonna cause a pain to dividend stock
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Actually no. Sell. Convert money. Buy back at more or less same price you sold. That solves everything. That's what I learn.

Right now waiting and see who can give a guide in how to transfer position over to Ibkr.

This post has been edited by Ramjade: Jul 9 2021, 07:47 PM

 

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