On Reddit a post stated IB will no longer charge the $10.00/monthly inactivity fee.
On Reddit a post stated IB will no longer charge the $10.00 inactivity fee
- Thread starter OptionsOptionsOptions
- Start date
I got an email from IB confirming this (I have a small account I use for testing which is often inactive for months)
GAT
Lite has no API access, so a complete non starter for me.
(Doesn't have web trader eithier - WTF? You have to use TWS. I only ever use the API or web trader for emergencies / testing, haven't even downloaded a copy of the bloatware that is TWS for about 7 years...)
GAT
Lite is US only.
Why?
No Web Trader? Only half true. I get a $200 (now $300 now) standalone Lite account and I do trade from IB website. I use it on my 2nd phone to check stock quotes. I can trade off my phone.
It is not WebTrader though. You can't build a watchlist. But you can place a trade from the website....
I was just going off the comparision table on the IB website. I'd never heard of IB Lite until 58 minutes ago...
GAT
The IB Lite is just like Fidelity, or Robinhood, etc. Good for some light stock trading. But I believe IB sells order flows. If you trade large volume, IB Pro has better fill quality. Then you pay commissions on stock trading based on pricing plans.