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Are there any fees associated with using Interactive Brokers Pro for cryptocurrency trading?

avatarThyssen JohnsenNov 27, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using Interactive Brokers Pro for cryptocurrency trading? I'm considering using their platform for trading, but I want to make sure I understand all the costs involved.

Are there any fees associated with using Interactive Brokers Pro for cryptocurrency trading?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Yes, there are fees associated with using Interactive Brokers Pro for cryptocurrency trading. When you trade cryptocurrencies on their platform, you will be charged a commission based on the size of your trade. The commission rates vary depending on the specific cryptocurrency you are trading. It's important to review their fee schedule to understand the exact costs before you start trading.
  • avatarNov 27, 2021 · 3 years ago
    Absolutely! Interactive Brokers Pro does charge fees for cryptocurrency trading. The fees are typically based on a percentage of the trade value and can vary depending on the specific cryptocurrency. It's always a good idea to check their fee schedule to get a clear understanding of the costs involved before you start trading.
  • avatarNov 27, 2021 · 3 years ago
    Yes, there are fees associated with using Interactive Brokers Pro for cryptocurrency trading. They charge a commission on each trade, which is based on the size of the trade. The commission rates can vary depending on the specific cryptocurrency you are trading. It's important to consider these fees when deciding whether to use their platform for cryptocurrency trading.