Interactive Brokers Review - Client Portal PLUS Fee comparison

Interactive Brokers: My Main Brokerage Platform CLICK HERE - https://www.interactivebrokers.com/mk... Undervalued - My monthly Commentary and up to date watchlist information. Check out the February edition for free https://undervalued.ghost.io/#/portal... Inaugural Money Managers Game 2022 Join the Discord Group for instructions -   / discord   TIKR: Financial Data on All Companies plus Super investor portfolios plus an International screener. http://www.tikr.com/andrew HAMISH HODDER’S AMAZING COURSE 70+ Hours of Stock Reports Private Investor Community with Hamish Judgement Day BONUS Module Use discount code ‘BROWN’ at checkout for 30% OFF More Information - https://www.hamishhodder.com/a/214749... Andrew Brown’s Intrinsic Value Calculator https://mailchi.mp/02b28ffff5ef/intri... My other trading platform that I use. Reliable and regulated trading platform. SAXO BANK LINK: https://www.home.saxo/en-mena/account... Twitter: @abrowninvesting By popular demand, today I am here to do a review on the stock trading platform from Interactive brokers called Client Portal. I have looked at Saxo Banks Saxo Trader Go platform in the past and today we try out Interactive Brokers. So I get a little concerned with the rise of all these stock trading apps. Robinhood, Webull, Trading 212, the list goes on, that have all recently been pushing hard to gain market share. What is their track record? How are they financed? Are your deposits secured by the government? I recommend Saxo Bank but only up to 100,000 Euro because that is what is guaranteed by the Danish Bank. Interactive Brokers reputation. Well here are the things that I think are important reasons why I chose Interactive Brokers as my second account. 250,000 USD is guaranteed by Lloyds of London IB has $8.1 Billion USD in reserves, which is 6 billion above the recommended amount by the regulators. Fees. For buying or selling most stocks, the fees are really good. So a normal $7000 trade of something like Bank of America which is about $24 will mean you buy about 291 shares. This will cost you $1.45 in fees. Generally, for most people, especially long term value investors who look for good companies, well we are going to be completely fine and the fees are really affordable. What countries can you get an Interactive Brokers account? Apologies to my Somolian, North Korean and Zimbabwe friends out there. Comparing Brokerage Accounts So if I was a US citizen, I would start with TD Ameritrade at this stage. And If I was starting and had between $10,000 - $100,000 I think Saxo is the better option because the inactivity fees of Interactive Brokers is high. But after $100,000k Interactive Brokers is far better. If you have any suggestions, please reach out, as I would love to review another platform that most people in the world can use. Hit subscribe before you leave to follow my channel along, and I’ll see you in the next video. So a quick note about the inactivity fees. It’s something that you need to factor into your decision. Inactivity Fees. SaxoTraderGo Inactivity Fees $100 if completely inactive for 6 months So you just need to make 1 trade every 6 months. Dividend Reinvestments count as a trade. Saxo Trader Go platform Inactivity Fees = $100 if no trades executed in a 6 month period. So this is pretty easy to not let happen. Interactive Brokers Client Portal Inactivity Fees (non US residents) $10/month $0 Monthly Fee IF you spend $10 in fees OR have over $100,000 in account value. US residents - Interactive Brokers Lite platform and make sure the fees are waived. Interactive Brokers Client Portal Inactivity Fees = $10 per month, unless you make enough trades to spend more than $10. Or you have more than $100,000 USD of account value. If you are a US resident, then you can get the fees waived if you get the Interactive brokers Lite trading account. That’s what I would do if I was a US resident. So this is far easier to forget about and get hit with $10 monthly fees. So my advice would be to get your balance above $100k, because it is unlikely you will spend $10 in brokerage fees every month in trades. SaxoTraderGo Vs Interactive Brokers Client Portal So Saxo has a better inactivity fee structure. But the trading fees are higher. So more or less, you will probably spend about the same in fees for both platforms if you are a long term investor like me.