Home News Company in the news

Interactive Brokers scraps inactivity fee

Jovi Ho
Jovi Ho8/12/2021 11:31 AM GMT+08  • 5 min read
Interactive Brokers scraps inactivity fee
"It’s not too good to be true; it is good, and it is true. You get all the great things an IBKR account has to offer."
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

As people around the world hunker down in their homes to stop the spread of Covid-19, the pandemic has minted a generation of new retail investors eager for returns amid a global downturn. Hoping to assist these new traders on their bold investing journey is Interactive Brokers (IBKR).

In its quarterly results for 2QFY2021 ended June 2021, the brokerage noted higher commission revenue due to increased trading activity and a higher rate of customer accounts opened throughout 2020 and into 2021. For the quarter, the number of customer accounts increased 61% y-o-y and 7% q-o-q to 1.41 million.

Over the last 43 years, IBKR has grown to become a major securities firm with equity capital exceeding US$9 billion ($12.2 billion). Today, IBKR is among the largest electronic brokers, based on daily average revenue trades, which increased 32% y-o-y to 2.30 million in 2QFY2021.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now