Brokerage firm Interactive Brokers has announced a new simple flat fee structure for stock trading in a bid to increase its market share in Europe.
The company said it will charge a flat €3 for trades up to €6,000 in value while larger trades will be commissioned at just 0.05 per cent of trade value.
The newly announced structure will be effective from Monday.
The broker said its new commission rates are now available with IB SmartRouting.
“ 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,” the company said.
Interactive Brokers offers global trading on 135 market centers including all US markets, serving individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers.
