Does IB not charge any platform fees?

excrypto

excrypto

Like I don't get how they don't charge fees for anything. Seem so much cheaper than the hole in the wall Caribbean brokers that charge $200/mo platform/ECN/Inactivity/Live data/expensive per trade fees... Whats the catch other than 10k min.
 
excrypto said:
Like I don't get how they don't charge fees for anything. Seem so much cheaper than the hole in the wall Caribbean brokers that charge $200/mo platform/ECN/Inactivity/Live data/expensive per trade fees... Whats the catch other than 10k min.
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They built it in-house, so it's free.
 
excrypto said:
Like I don't get how they don't charge fees for anything.
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Not entirely correct. You can download their software tool TWS (or Gateway) for free. But you do have to pay a monthly fee if you want to have market data. You do have to pay to have orders executed. You do have to pay debit interest in case your cash gets in the red. And so on.
 
The catch is:

Their debit-credit spread is quite wide from the trader perspective, (other retails just rip you off more) They make a lot of money in this.

Market data fee and monthly activity fee.

I think this is the best deal for most retail though.
 
Alexpung said:
The catch is:

Their debit-credit spread is quite wide from the trader perspective, (other retails just rip you off more) They make a lot of money in this.

Market data fee and monthly activity fee.

I think this is the best deal for most retail though.
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If you trade enough the real-time data is free and there is no inactivity fee.
 
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