Interactive Brokers Introduces Nasdaq Copenhagen and Prague Stock Exchange Trading, Offers Fractional Trading

Interactive Brokers (IB) Review

Interactive Brokers (NASDAQ:IBKR), a leading electronic trading company, has expanded its services to allow clients worldwide to trade shares on Nasdaq Copenhagen (CPH) and the Prague Stock Exchange (PSE). In an announcement today, the broker revealed that fractional trading of eligible Nasdaq Copenhagen shares is now available. (Read our detailed review of Interactive Brokers)

Interactive Brokers caters to clients in more than 200 countries and territories, offering access to over 150 global markets. Their platform serves a diverse range of investors, including self-directed individuals, sophisticated traders, advisors, hedge funds, and institutional investors. Clients can invest in various asset classes such as stocks, options, futures, currencies, bonds, and funds. They also have the flexibility to fund and trade accounts in up to 26 different currencies, including the Danish Krone (DKK) and Czech Koruna (CZK).

Milan Galik, the Chief Executive Officer of Interactive Brokers, expressed the company's commitment to providing clients with an extensive range of investment options. He stated, "Clients seeking to diversify and capitalize on new trading opportunities across Europe and the world can now incorporate Danish and Czech stocks into their portfolios. They will benefit from Interactive Brokers' competitive costs and the convenience of trading various products from a unified platform."

Interactive Brokers maintains transparent trading costs. For Danish stocks, commissions range from 0.015% to 0.05% of the trade value, with a minimum of DKK 10.00 per order for tiered pricing based on monthly volume. Alternatively, fixed pricing incurs a commission of 0.05% of the trade value, with a minimum of DKK 49.00 per order. Regarding Czech stocks, fixed commissions amount to 0.15% of the trade value, with a minimum of CZK 70 per order.

Interactive Brokers Spreads European Presence with New Office in Ireland

The First Office in Ireland was established in 2020, and since then the local team has enlarged and reached to 110 employees.

Interactive Brokers logo
Interactive Brokers

Interactive Brokers is boosting its presence in Western Europe with the opening of a new office in Dublin, Ireland. The move aims to better serve the client's needs and support Interactive's growth ambitions across several markets throughout that region.

The American broker first established a presence in the country in 2020. It was securing its position in continental Europe after the fallout of Brexit.

"Interactive Brokers initially chose Ireland due to the benefits of Ireland's EU membership, strong regulatory reputation, and ease of access to the European market. Throughout that process and into our first two years of business, we have been incredibly impressed with the local financial services talent and pro-business environment," said Interactive Brokers' Chief Operating Officer, Kevin Keller.

Interactive Brokers has a global presence with offices around the world. Apart from its US and Irish roots, it also maintains a physical presence in Canada, the United Kingdom, Switzerland, Hungary, India, China, Japan, Singapore, and Australia. The company's headquarter resides in Connecticut.

Interactive Brokers

Interactive Brokers has been around since 1978 meaning it's one of the first brokers in this industry. The company also saw its revenue jump 70% between July and September last year. However, most parts were from interest income rather than commission-based because those numbers only rose by 3%.

Meanwhile, Interactive Brokers is focused on expanding its offerings. Among several things, the broker added support for fractional shares for European company stocks and exchange-traded funds (ETFs). It also launched a new mobile trading app earlier this year.