Interactive Brokers Ends Account Inactivity Fees

US-listed Interactive Brokers has announced that it will no longer charge a monthly inactivity fee, effective from July 1, 2021. The brokerage made the announcement in an email to its clients, stating that they will no longer be required to hold a minimum balance in their trading accounts. This decision brings Interactive Brokers in line with industry standards and reflects their commitment to providing low-cost trading solutions.

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Interactive Brokers Reports Positive Results

In their June report, Interactive Brokers reported positive results in several key metrics, including Daily Average Revenue Trades (DARTs) and closing client margin loan balances. The company saw a 10% increase in DARTs from the previous month, with 2.471 trades per day, and an impressive 79% increase in stopping trader equity, which came in at $363.5 billion, compared to the same month the previous year.

Interactive Brokers also saw a rise in new accounts, with 1.41 million accounts created, a 61% increase from the previous year and a 3% rise from the previous month.

About Interactive Brokers

Interactive Brokers is a well-known name in the retail trading industry.

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