Serhiy793 0 Posted January 30, 2020 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 Share this post Link to post Share on other sites
Brendon 146 Posted January 31, 2020 It would be best if you call their customer support line for such questions. I only have experience with the IB in the USA, sorry. Share this post Link to post Share on other sites
Abiel 474 Posted January 31, 2020 Serhiy, that info you pasted is for BROKERS. For individuals, see here: https://www.interactivebrokers.co.uk/en/index.php?f=38234 Abiel Guerra BBT Team [email protected] @abielguerra Find your answers in our Knowledge Base Share this post Link to post Share on other sites
