Anonymous

06 Feb 2021

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General Investing

I have 3 IBKR accounts, does that mean they will charge 3 monthly maintenance fees $10 for each account or just 1?

If I have more than one IBKR account, does that mean they will charge multiple monthly maintenance fees for each account or just one?

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Chris

06 Feb 2021

Owner and Writer at Tortoisemoney.com

I believe they will charge 3 x $10 for all 3 accounts. From IBKR's website:

"If you have multiple accounts with us, IBKR will calculate the consolidated monthly commission generated across all linked accounts. If the consolidated commission exceeds the number of accounts multiplied by USD 10, the minimum activity fee will be waived. If the consolidated commissions are less than the required minimum, an activity fee is charged on an account-by-account basis. Or if the total assets for all related accounts is greater than the number of accounts multiplied by USD 100,000 then the fees are waived on all accounts."

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