How does Interactive Brokers handle inactivity fees for cryptocurrency investors?
Landon MossMar 15, 2024 · a year 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.
3 answers
- Guldager JamesAug 23, 2022 · 3 years agoInteractive 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.
- mohamed hassanAug 18, 2020 · 5 years agoWhen 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.
- Karltzy SanjiJun 06, 2025 · 21 days agoAs 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.
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