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While the account setup may take a few days, it ensures robust security measures. Effective portfolio tracking can be done through a fully functional mobile app available for iOS and Android, offering account management on the go.
Fees and Cost Structure
The platform imposes low trading fees, with commissions starting at just £0.05 per share for US stocks and ETFs, while UK and most European stocks start at £3 per trade. Importantly, there is no minimum deposit requirement, making IBKR accessible to various investors.
It’s worth noting that IBKR recently eliminated inactivity fees, allowing one free withdrawal per month, subsequently charging £7 for additional withdrawals.