For example, a client deposits 1.5 million dollars, the fee for this client is calculated as follows:
Group | From | To | %Fee | USD | USD Fee |
---|---|---|---|---|---|
1 | 0 | 100,000 | 1.85% | 100,000 | 1,850 |
2 | 100,001 | 200,000 | 1.75% | 100,000 | 1,750 |
3 | 200,001 | 300,000 | 1.50% | 100,000 | 1,500 |
4 | 300,001 | 1,000,000 | 1.25% | 700,000 | 8,750 |
5 | 1,000,001 | 1.00% | 500,000 | 5,000 | |
Total | 1.26% | 1,500,00 | 18,850 |
The total customer fee would be $ 18,850 during the year and weighted against its assets would be 1.26%
Fees are automatically calculated and deducted monthly from the account by Interactive Brokers.