Interactive Brokers has announced expanding its offering of European exchanges. It now enables Nasdaq Copenhagen and Prague Stock Exchange, allowing traders to diversify their investment opportunities. With this, the automated global electronic broker has enhanced the services in all its operating regions. There are significant Nasdaq-related products available for fractional trading.
The customer base of over 200 countries is estimated to benefit from this update.
Milan Galik, the Chief Executive Officer of Interactive Brokers, said that traders worldwide can now add Danish and Czech stocks to their investment portfolios. Thereby, taking advantage of the opportunity at the lowest possible cost. Milan has added that adding two new offerings to the platform reinforces its commitment to providing its customer base with a wide range of facilities.
Founded in 1977, the brokerage platform features on the UK forex brokers list along with VT Markets, CMC Markets, and City Index. Meaning, its services and products can be accessed by residents of the UK. The customer base in the said regions is only required to deposit at least £100 to get started.
Commission and trading costs range from 0.015% to 0.05% of the trade value. Products offered by Interactive Brokers include options, stocks, and futures, to name a few.
Steve Sanders, the Executive Vice President at Interactive Brokers for Marketing and Product Development, talked about fractional trading by stating that the offering has been very popular among its customer base since its launch. Steve added that the product allows them to diversify their portfolio and invest in more stocks.
Things seem to be working fine for Interactive Brokers. Making this evident is the rising number of client accounts. Per the recent report, Interactive Brokers observed that client accounts rose by 2% to touch the figure of 2.26 million. The number is true for May 2023, and June 2023 is expected to be rolled out in the next month. DARTs have increased by a single digit, at 5% for 1.86 million.
The rise is credited to the constant expansion of offerings by Interactive Brokers, which stands true to its commitment to growing how traders can invest their funds.
It is headquartered in Greenwich, London, with support for currencies including, but not limited to, AUD, USD, and CZK. A complete list can be viewed in our Interactive Brokers platform review. Moreover, the review helps to understand how new users can register with the online brokerage firm.
Nasdaq Copenhagen and the Prague Stock Exchange are now available with Interactive Brokers. Traders can begin diversifying their investment portfolios with convenience.
They can also check out the comprehensive dashboard and trading features while leveraging the free version of the checkup tool. One must note that Interactive Brokers charge fees on inactive accounts. This includes interest and data charges, which are exempted only if the balance is substantially high.
Source: https://www.cryptonewsz.com/interactive-brokers-expands-its-european-exchanges-offerings/