Lower Commissions in Europe | Interactive Brokers (2024)

FAQs

Can I use Interactive Brokers in Europe? ›

Simple Investing, Simple Pricing.

Interactive Brokers continues its tradition of offering low cost investing to European individuals and institutions by introducing low, simple stock pricing on the most active European exchanges. We are simplifying our pricing so you know the cost before you invest.

Interactive Brokers — Lowest fees in Europe, best for advanced traders and international market access. eToro — Best overall for copy trading and zero-commission stocks/ETFs. DEGIRO — Top pick for low fees and broad access to global exchanges. XTB — Excellent option for beginner investors.

Typically, it costs £3 per trade for British stocks and ETFs, and €3 for most European stocks. This assumes you're using a feature called IB SmartRouting, which basically scours multiple exchanges for the best available prices. Just to stress, this is a charge on the overall transaction — not per share.

For currency trades executed under the auto currency conversion service, IB will typically add or subtract (at its discretion) 0.03% to the exchange rate that would otherwise apply.

Investors living in “difficult” jurisdictions (meaning countries where other brokers, including Schwab, will not accept clients) would be well-served to check out Interactive Brokers. IB clearly stands alone as the most accessible brokerage platform for international access to the U.S. and most foreign exchanges.

IBKR Trader Workstation (TWS)

Trade stocks, options, futures, currencies, bonds and funds on over 150 markets worldwide from a single unified platform.

IBKR Lite: No base commission; 65 cents per contract. IBKR Pro: No base commission; 15 to 65 cents per contract depending on commission structure (volume discount available).

How do I convert USD to EUR in Interactive Brokers? ›

IBKR has a low margin rate because they make money on a number of other services they provide. These include monthly fees on IBKR Pro, subscription to market data, inactivity fees and others.

0.12% to 0.18% of trade value*, with a minimum per order of USD 1.75 but no more than 1% of trade value. * Paxos will charge a commission on every trade of 18 bps of trade value, subject to a USD 1.75 minimum commission on any executed order. IBKR receives a portion of that commission as a referral fee from Paxos.

In "Connect Your Bank via ACH" it says: One free withdrawal is allowed per calendar month. Subsequent withdrawals using this method will incur a fee of USD 1.00 at IBKR.

The automatic currency conversion required to settle your stock trade will be performed by IBKR using a conversion rate that is determined based on the prevailing foreign exchange market rates at the time of execution.

Trading internationally depends upon the investment platform that you choose. Some financial firms, such as Interactive Brokers, allow customers to trade internationally through a traditional brokerage account, while other firms require you to open a special international trading account.

If you're a French citizen or a tax resident in France, you're eligible to open a trading account with Interactive Brokers. Generally, where you can open a brokerage account depends on your citizenship and tax residency status.

Single Stock Options are available on hundreds of leading European companies. Block sizes designed to optimise trading: minimum volume thresholds that meet the needs of end investors.

Find below the strengths of the best brokers available in Italy, updated for 2024: Interactive Brokers is the best international online brokers in Italy in 2024. - Extremely low fees. Wide range of products.