Interactive Brokers Announces New Simple Stock Pricing in Europe

Interactive Brokers Group, a Nasdaq-listed (IBKR) global brokerage firm, introduced a new simple flat fee structure for stock trading in Europe today. The newly announced structure will be effective from Monday 19 July 2021.

According to an official press release, Interactive Brokers aims to attract individual investors in Europe. The company mentioned that the standard pricing will be 3 EUR/GBP for trades up to 6,000 EUR/GBP in value.

For trades larger than the mentioned amount, the company will charge 0.05% of the trade value. Interactive Brokers highlighted that the new commission rates are available with IB SmartRouting.

“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,” the company mentioned.

Earlier this month, Interactive Brokers announced the removal of its monthly inactivity fees. Interactive Brokers (UK) Limited, the British subsidiary of the American brokerage giant, posted strong financial results in 2020.

Focus on Europe

During the latest announcement, Interactive Brokers mentioned that the primary focus of its newly introduced fees structure is to facilitate European stock traders. Additionally, the company is planning to introduce a competitive pricing structure for other markets in the near future. “IBKR is focusing on building its European customer base by introducing a new simplified pricing structure for stocks that are tailored to individual investor priorities. The first markets to benefit from this new fee model are the exchanges of Western Europe. We will release a similarly competitive pricing structure for Central European and Nordic markets soon,” the brokerage firm added.

In December 2020, Interactive Brokers expanded its European business with a new entity in Ireland.