Arski Posted February 16, 2021 Posted February 16, 2021 So I'm quite interested in microcaps for some time - even though a lot is overpriced at the moment - but could only find Interactive Brokers which would allow me as a foreigner to invest in the OTC market. The only issue is that I have to pay $10 a month for inactivity. Maybe someone has found another broker who would let me invest in OTC markets without paying for inactivity?
ValueArb Posted February 16, 2021 Posted February 16, 2021 Sorry, I don't have a direct answer to your question, but.... I use IB, and even though I've been sloth like in my trading activities, going months or years without buying or selling anything, I've never seen that fee. But I have my IRAs there and they all have 6 figure balances. I'd see what the balance cutoff is for them to waive the inactivity fee.
ValueArb Posted February 16, 2021 Posted February 16, 2021 BTW: I just realized IB has a "IB Lite" level that doesn't charge for inactivity. Not sure if its available in Europe but you can try that.
rb Posted February 16, 2021 Posted February 16, 2021 The balance cutoff for IB to waive the fee is $100,000 USD.
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