Serhiy793

Thank you.

Good day everyone! Can someone please explain what is Broker account minimum? I opened IBKR PRO cash account for swing and long-term investing but I am about worried about below information I found on their website. Since I will not be an active trader I will not ganerate a lot of commissions on monthly basis and I plan to start with only 10 000USD. How can they charge 3000USD maintenance fee as stated in below example? Initially I wanted to open IBKR Lite account but since I live in Poland, I am not eligible for such account. A USD 10,000 (or non-USD equivalent) up front deposit will be required that will be applied against commissions during the first 8 months. Time Period Required Minimum Commissions Examples (USD or non-USD equivalent) The first 8 months USD 10,000 (or non-USD equivalent) 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. Starting the 9th month USD 2,000 per month (or non-USD equivalent) If total commissions paid during any month after the first 8 months are less than the monthly minimum, the difference is paid as a maintenance fee. Example: USD 2,000 minimum - USD 1,400 commissions = USD 600 maintenance fee. Thank you in advance. Serhiy