The AutoTrade Software License fee applies to stocks and/or options and the IB Direct connection for AutoTrading. The license is $99 per month per account.
This is a flat fee no matter how many trading strategies you select for a single brokerage account, no matter how frequently you trade, no matter how large your trades, no matter how much money is in your brokerage account. One flat monthly fee. Period.
You will be able to pay for theAutoTrade Software License during the AutoTrade setup wizard if the connection you selected requires the license.
To manage your AutoTrade Software License fee, click here:
By default, the license auto-renews. You can switch to manual renewal by clicking the link above.