Yup this is true. They don't want to be doing just that, and they'll get pissy if you're doing only that. Though, it's also a freaking excellent broker, so yo

Yup this is true. They don't want to be doing just that, and they'll get pissy if you're doing only that. Though, it's also a freaking excellent broker, so you could just... use it for your normal brokerage purposes too. They've also got a CMA with rates as good as basically anything except maybe Fidelity (which sorta cheats by sweeping from a mmf), so you can theoretically just use it for your normal banking as well. I don't actually maintain a IBKR account myself, but if I were to consolidate somewhere, it'd probably be either there of Fidelity. If I had to do forex more regularly, IBKR would win for me, hands down.