July 19, 2021, | AtoZ Markets – US trading giant Interactive Brokers Group today announced a new simple flat fee structure for stock trading in Europe. The newly announced structure will be effective from Monday, July 19, 2021.
Interactive Brokers focus on Europe with new simple stock pricing
The broker is focusing on building its European customer base by introducing a new simplified pricing structure for stocks that is tailored to individual investor priorities.
The first markets to benefit from this new fee model are the exchanges of Western Europe. Interactive Brokers will release a similarly competitive pricing structure for Central European and Nordic markets soon.
According to an official press release, standard pricing will be a flat 3 EUR/GBP for trades up to 6,000 EUR/GBP in value. Larger trades will be commissioned at just 0.05% of trade value.
The new commission rates are available with IB SmartRouting, which optimizes the execution quality for clients by accessing the many exchanges and trading venues across the continent.
IBKR prioritizes both institutional and individual investors. This new fixed pricing structure is offered alongside our current tiered pricing and we invite our customers to review both options to choose the one that best fits their investing objectives.
Founded in 1977, Interactive Brokers offers stocks, options, futures, currencies, bonds, and funds from a single integrated account to clients from over 200 countries with no added spreads, ticket charges, platform fees, or account minimums.
As reported by AtoZMarkets, Interactive Brokers announced in December 2020, the creation of Interactive Brokers Central Europe Zrt., and the opening of an office in Budapest. The company said the opening of an office in Budapest comes amid growing demand in the Central European region.
Magyar Nemzeti Bank, Hungary’s Central Bank, approved the brokerage license for Interactive Brokers Central Europe Zrt. on December 12, 2020. Miklos Hanti serves as CEO for IBCE.
More than 25% of Interactive Brokers’ accounts currently come from Europe and Africa, with over 80% of new customers coming from outside the United States.
Think we missed something? Let us know in the comment section below.