Saturday, July 10, 2021

Good news for small Interaction Brokers account holders

like me. From 1st July 2021 onwards, Interactive Brokers have eliminated the monthly account inactivity fees. Extracted from the email:

Effective July 1, 2021, you will no longer be charged USD 10 for not maintaining a minimum balance or transaction activity for account U****8095. This change will be reflected in your August 2021 account statement.

This is a significant change for most of the retail investors and traders. Officially, Interactive Brokers are now even cheaper than Tiger Brokers and Moomoo for trading US shares and options. In addition, I am also using the Fractional Trading feature in Interactive Brokers to buy US shares. If you are interested to sign up a Interactive Brokers account, and do not have a referral link from your friends, please use mine here.

Divested some DBS @ $30.85.
Added Capitaland China Tr @ $1.37.
Added IReit Global @ $0.635.
Added Alibaba @ US$205.
Bought Palantir @ US$24 (via short put options).

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