Interactive Brokers is probably one of the best brokers worldwide, but outside of the US (where the Free IBKR Lite account was available), one had to deposit at least 10k USD and there was a minimal monthly fee of 10 USD per month, unless your account value was above 100k USD.
For many people (including myself, initially), this was an important reason to go to another broker, such as an Interactive Brokers clone (Banx, Lynx, Captrader etc.).
According to the website (https://www.interactivebrokers.eu/en/index.php?f=38234), Interactive Brokers got completely rid of these requirements. I think this makes it very attractive for European and worldwide customers.
Clarification (kudos to @matheww1):
For many people (including myself, initially), this was an important reason to go to another broker, such as an Interactive Brokers clone (Banx, Lynx, Captrader etc.).
According to the website (https://www.interactivebrokers.eu/en/index.php?f=38234), Interactive Brokers got completely rid of these requirements. I think this makes it very attractive for European and worldwide customers.
Clarification (kudos to @matheww1):
- IBKR usually charges 1 USD minimal fier in the fixed commission system: https://www.interactivebrokers.eu/en/index.php?f=39753&p=stocks1.
- However, there is a minimal fee of only 0.35 USD in the tiered commission structure: https://www.interactivebrokers.eu/en/index.php?f=39753&p=stocks2.