Interactive BrokerFees

[Johnbelley]

hi i'd like to ask about fees, If i trade 5000 shares on an average day, what fee would i expect any maximum or minimum number of shares ? what i should look out for ?

From their sites what i got, commission is 0.0005 also they applied 20$ per month inactivity fee and the minimum invest is $24K

 

[Alex]

hi John
minimum equity in the account is $25k of a day trader regulation of the SEC and FINRA

Don't look number of trade when you start trade

 

[Usman]

The 25,000$ is the minimum amount and it may applied to every brokerage house

 

[Equilibrium]

WOW, THAT A HELL OF AMOUNT

 

[rowtaf]

minimum equity in the account amount and it may applied