Hi,
Apologies if this is a question that is easy to find the answer to, but I have looked on the IB site and it is still not clear.
I've opened a IB pro account (UK based) and want to paper trade my strategies for a period of time without actually funding the account. My concern is the inactivity/funding fee IB charge around $10-20 per month. Can anyone provide some info on the best way to paper trade with IB without incurring monthly inactivity fees? I tried to look to see if the IB lite account was available to UK residents but again wasn't clear and didn't give me the option during the application? I think the fees are wavered for 3 months, but not 100% sure if £0 balance, plus I could be longer than 3 months paper trading. I have a individual PRO cash account, is this the most appropriate account for initially paper trading?
Any help is appreciated.
Thanks
Apologies if this is a question that is easy to find the answer to, but I have looked on the IB site and it is still not clear.
I've opened a IB pro account (UK based) and want to paper trade my strategies for a period of time without actually funding the account. My concern is the inactivity/funding fee IB charge around $10-20 per month. Can anyone provide some info on the best way to paper trade with IB without incurring monthly inactivity fees? I tried to look to see if the IB lite account was available to UK residents but again wasn't clear and didn't give me the option during the application? I think the fees are wavered for 3 months, but not 100% sure if £0 balance, plus I could be longer than 3 months paper trading. I have a individual PRO cash account, is this the most appropriate account for initially paper trading?
Any help is appreciated.
Thanks