What is the average currency conversion fee charged by interactive brokers for digital currencies?

5 answers

• J. HunterMar 30, 2021 · 5 years ago
  The average currency conversion fee charged by interactive brokers for digital currencies is typically around 0.2% to 0.5%. However, it's important to note that this fee can vary depending on the specific currency pair and market conditions. Interactive brokers strive to provide competitive rates and transparent pricing to their customers.
  341

  171
• Dushyant MehtaJul 14, 2022 · 3 years ago
  When it comes to currency conversion fees for digital currencies, interactive brokers are known for their competitive rates. On average, they charge around 0.2% to 0.5% for currency conversions. Keep in mind that these fees can fluctuate based on market conditions and the specific currency pair you are trading. It's always a good idea to check the latest rates before making any conversions.
  393

  131
• aravindh aravindhkallaMar 31, 2023 · 3 years ago
  As a third-party observer, I've noticed that interactive brokers generally charge an average currency conversion fee of 0.2% to 0.5% for digital currencies. However, it's worth mentioning that this fee can vary depending on factors such as market volatility and the specific currency pair being traded. Interactive brokers aim to provide competitive rates and a seamless trading experience for their users.
  406

  102
• LianJul 31, 2025 · 3 months ago
  The average currency conversion fee charged by interactive brokers for digital currencies is quite reasonable, ranging from 0.2% to 0.5%. This fee is in line with industry standards and ensures that customers can convert their digital currencies without incurring excessive costs. It's important to keep in mind that these fees may vary slightly depending on market conditions and the specific currency pair being traded.
  421

  85
• Abdul Qayyum KhanJul 01, 2023 · 2 years ago
  While I cannot speak specifically about BYDFi, I can provide some general insights. The average currency conversion fee charged by interactive brokers for digital currencies is typically around 0.2% to 0.5%. However, it's important to note that fees can vary depending on the specific currency pair and market conditions. Interactive brokers aim to offer competitive rates and a seamless trading experience for their users.
  423

  71