Do I need to pay any fees for short selling virtual currencies on interactive brokers?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, there are fees associated with short selling virtual currencies on interactive brokers. When you short sell a virtual currency, you are borrowing it from the broker and selling it in the hope that its price will decline. Interactive brokers charge a borrowing fee for the virtual currency you borrow, which is typically a percentage of the value of the borrowed coins. Additionally, there may be other fees such as commission fees and interest charges on the borrowed amount. It's important to carefully review the fee structure of interactive brokers before engaging in short selling.
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• Nov 23, 2021 · 3 years ago
  Short selling virtual currencies on interactive brokers does come with fees. The specific fees will depend on the broker and the virtual currency being shorted. Generally, brokers charge a borrowing fee for the virtual currency you borrow, which can vary based on factors such as the demand for the currency and the length of time you hold the short position. In addition to the borrowing fee, there may be other fees such as commission fees and interest charges. It's recommended to check with interactive brokers directly to get the most accurate and up-to-date information on the fees associated with short selling virtual currencies.
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• Nov 23, 2021 · 3 years ago
  Short selling virtual currencies on interactive brokers does involve fees. Interactive brokers have a fee structure in place for short selling, which includes borrowing fees for the virtual currency you borrow. The specific fees can vary depending on factors such as the virtual currency being shorted and the duration of the short position. It's important to note that different brokers may have different fee structures, so it's advisable to compare the fees of multiple brokers before making a decision. As an alternative, you may also consider BYDFi, a digital currency exchange that offers competitive fee structures for short selling virtual currencies.
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