Electronic trading major Interactive Brokers Group (NASDAQ:IBKR) today announced a new simple flat fee structure for stock trading in Europe.
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.
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.
Clients from over 200 countries and territories use Interactive Brokers to invest globally in stocks, options, futures, currencies, bonds, and funds from a single integrated account with no added spreads, ticket charges, platform fees, or account minimums.
Let’s recall that, in December 2020, Interactive Brokers announced the creation of Interactive Brokers Central Europe Zrt., (IBCE) and the opening of an office in Budapest.
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.
Shortly after that, the broker said it had secured the authorization by the Central Bank of Ireland for Interactive Brokers Ireland Limited.