Interactive Brokers expands offering with fractional shares in European Stocks and ETFs LeapRate

Interactive Brokers announced on Tuesday the launch of fractional shares trading for European stocks and ETFs. Clients of the automated global electronic broker can now buy and sell fractional shares of eligible US and European stocks and ETFs. Fractional shares are units of stock that represent less than one full share.

Fractional shares allow traders to invest in European shares with no minimum amount and for US shares that is as little as $1.00, regardless of the stock price.

With fractional shares, investors can maximize returns by putting small cash balances to work quickly, instead of holding cash and potentially having lower returns. Additionally, Interactive Brokers offers cash quantity stock orders, which allow clients to place orders in a specific cash amount. Fractional shares will automatically be bought or sold if the cash amount does not line up with a whole number of shares.

Interactive Brokers

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said:

Steve Sanders, Interactive Brokers

Steven Sanders
Source: LinkedIn

Interactive Brokers was the first big broker to introduce fractional trading in U.S. shares and it’s been very popular with our clients.

Adding European fractional shares gives investors the opportunity to trade across markets in a more affordable way, in addition to the benefit of investing in more stocks to help clients achieve diversified portfolios.

Interactive Brokers recently released its metrics for the first three months of the year, reporting a 28% revenue drop in Q1 2022.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.