I have a question about IB's IRA fees that hopefully someone can help me with. I have an existing account with IB, but decided to also open an IRA account with them as well. According to the IB website IRA FAQ's:
Are there fees for opening an Interactive Brokers IRA?
No. Although IB does not charge an annual custodial fee, or an account termination fee, there is a monthly commission minimum of $10.00 or USD equivalent.
But when filling out the account application info I noticed an IRA trust form that makes it look like it will cost me $25 to set up the account and an additional $45 per year in annual fees. Which information is correct?
Are there fees for opening an Interactive Brokers IRA?
No. Although IB does not charge an annual custodial fee, or an account termination fee, there is a monthly commission minimum of $10.00 or USD equivalent.
But when filling out the account application info I noticed an IRA trust form that makes it look like it will cost me $25 to set up the account and an additional $45 per year in annual fees. Which information is correct?