IB Raises NonTrader Fees

[jeb9999]

IB has raised the minimum monthly fees for nontraders from $10 to $20.

"Minimum Activity Fee

In July 2009, a change to the manner in which the monthly Minimum Activity Fee (MAF) is determined will be implemented . The effect of this change is to no longer allow for Market Data Subscription fees to be considered as a fee eligible to offset the MAF. Commissions will be the sole fee eligible to offset the MAF either in part or whole. "

 

[ang_99]

This is why i hate when decent firms go public, they press for revenue to to get that stock price up.

 

[cstfx]

Quote from jeb9999:

IB has raised the minimum monthly fees for nontraders from $10 to $20.

"Minimum Activity Fee

In July 2009, a change to the manner in which the monthly Minimum Activity Fee (MAF) is determined will be implemented . The effect of this change is to no longer allow for Market Data Subscription fees to be considered as a fee eligible to offset the MAF. Commissions will be the sole fee eligible to offset the MAF either in part or whole. "

It's been that way for 3 months now contrary to what their press release says.