Commissions on crypto trading with Paxos on Interactive Brokers’ RIA platform can go as low as 0.12% – 0.18% of trade value, depending on monthly volume with a $1.75 minimum per order. Initially, the service will be available in the US, however the brokerage firm’s future plans include launching it for financial advisors in other parts of the world, as well.
RIAs on the Interactive brokers’ platform can also benefit from no ticket charges, no custodial fees, no minimums and no technology, software, platform or reporting fees.
Interactive Brokers recently reported its metrics and other financial information for September, showing a 16% jump in Daily Average Revenue Trades (DARTs) from the previous year.
