Interactive Brokers - Questions regarding paper trading without incurring account fee

rcro

Newbie
3 1
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
 

rcro

Newbie
3 1
Ok, if anyone had a similar question I've got the answer from CS. "You don't pay any fees if your account is not funded".
 
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