Interactive Brokers has announced an expansion of its market access by adding Nasdaq Copenhagen and the Prague Stock Exchange (PSE).
Leading global electronic broker, Interactive Brokers has announced a significant expansion of its market access by adding Nasdaq Copenhagen and the Prague Stock Exchange (PSE) to its trading platform. This strategic move will grant the company's clients access to a comprehensive selection of over 150 markets worldwide, further strengthening their investment opportunities.
The US SEC-regulated broker is introducing fractional trading for eligible Nasdaq Copenhagen shares to enhance trading flexibility. This groundbreaking feature allows clients to invest in Danish companies by purchasing fractional shares, offering a cost-effective and diversified approach to stock investments.
Milan Galik, the company's CEO, expressed the company's dedication to providing clients with a wide array of investment options.
"Clients seeking to diversify and take advantage of new trading opportunities across geographies in Europe and around the world, can now add Danish and Czech stocks to their portfolios while benefiting from Interactive Brokers' low costs and the ability to trade products across asset classes from a single unified platform," said Milan Galik.
Trading costs for Danish stocks in this company vary depending on the commission structure chosen. For tiered pricing based on monthly volume, commissions range from 0.015% to 0.05% of the trade value, with a minimum order requirement of DKK 10.00. On the other hand, fixed pricing entails a commission of 0.05% of the trade value, with a minimum order requirement of DKK 49.00.
Regarding Czech stocks, Interactive Brokers applies a fixed commission rate of 0.15% of the trade value, with a minimum order requirement of CZK 70.
Currently, the multi-asset broker offers an extensive range of stocks and ETFs from 20 European countries. Investors can access markets in Germany, the UK, Poland, France, Hungary, Spain, Sweden, and more, providing them with diverse investment opportunities in Europe.