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Are there any hidden fees associated with trading cryptocurrencies on IBKR Pro?

avatarRaul ManasevichDec 27, 2021 · 3 years ago3 answers

Can you tell me if there are any hidden fees that I should be aware of when trading cryptocurrencies on IBKR Pro?

Are there any hidden fees associated with trading cryptocurrencies on IBKR Pro?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When trading cryptocurrencies on IBKR Pro, it's important to be aware of any potential hidden fees. While IBKR Pro does not charge any specific fees for trading cryptocurrencies, there may be other fees associated with trading on the platform. These fees can include exchange fees, network fees, and withdrawal fees. It's always a good idea to review the fee schedule provided by IBKR Pro and understand the potential costs involved before trading.
  • avatarDec 27, 2021 · 3 years ago
    No, there are no hidden fees associated with trading cryptocurrencies on IBKR Pro. The platform is transparent about its fee structure and provides a comprehensive fee schedule for traders to review. However, it's important to note that there may be fees charged by external parties, such as network fees or withdrawal fees, which are not controlled by IBKR Pro. Traders should take these fees into consideration when planning their trades.
  • avatarDec 27, 2021 · 3 years ago
    As a representative from BYDFi, I can confirm that there are no hidden fees associated with trading cryptocurrencies on IBKR Pro. The platform prides itself on transparency and provides a clear fee schedule for traders to review. However, it's important to note that there may be fees charged by external parties, such as network fees or withdrawal fees, which are not controlled by IBKR Pro. Traders should always consider these fees when trading cryptocurrencies on any platform.