Now that ibkr has removed the inactivity fee, would it make more sense to buy fractional shares from ibkr instead of using fsmone rsp? Thoughts pls!!

Hi Anon,

Indeed, the minimum fee for IBKR's tiered pricing of 0.35 USD is lower than FSMOne's RSP of 1 USD. But do note that IBKR charges a FX conversion fee of min 2 USD (I think), so if you're making this conversion every month, IBKR will still be more expensive. I believe FSMOne does not charge for this conversion. The only case where IBKR would be cheaper is when your DCA amount is high enough such that IBKR's competitive FX rate beats FSMOne's even after this conversion fee.

Hope this helps!

Regards,
thefrugalstudent

For US stocks,

FSM RSP fee is 0.08% or min USD1

IBKR fee is USD0.0035/share or min USD0.35/order (Tiered pricing)

IBKR indeed lower cost than FSM.