What are the fees associated with interactive brokers' prime brokerage services for cryptocurrency traders?

1 answers

• Adithyan RamakrishnanFeb 28, 2024 · a year ago
  As an expert in the field, I can tell you that Interactive Brokers' prime brokerage services for cryptocurrency traders do come with fees. These fees can include account maintenance fees, trading fees, and margin interest charges. Account maintenance fees are typically charged on a monthly basis and cover the cost of managing and maintaining your account. Trading fees are charged for each trade executed and can vary depending on the volume and type of trade. Margin interest charges are applicable if you choose to trade on margin, and they are calculated based on the amount of margin used and the prevailing interest rates. It's important to review the fee schedule provided by Interactive Brokers to understand the specific costs involved in using their prime brokerage services for cryptocurrency traders.
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