Does IB provide for a dormant or inactive account status?


As the IB business model, by design, is oriented towards active traders, there is no provision for dormant or inactive account status.  As long as an account remains funded it will be subject to the monthly minimum activity fee of USD 10 if the account balance is above USD 2,000 (or equivalent) and USD 20 once the account balance falls below USD 2,000 (this minimum activity fee is set at USD 3 for account holders age 25 and under).   Also, should the account balance falls below USD 2,000 IB is precluded, by regulation, from affording margin treatment to securities positions.   In addition, account holders will also be billed for any market data subscriptions maintained and, as a matter of policy, will have subscriptions terminated automatically when the account balance falls below USD 500.

Also note that the monthly minimum activity fee will continue to be assessed until such time the account no longer has equity, at which point it will be automatically closed. Any request to re-open a closed account will require that the account be funded with the minimum account opening deposit of US 10,000, or equivalent. Customers should be aware that the minimum monthly activity fee will be applied even if the minimum opening deposit is not received.

Individuals seeking to close an account are encouraged to refer to the section on our website under the menu items Accounts and then Close an Account to familiarize themselves with the steps and prerequisites for taking this action.

Syndicate content