just now
July 19, 2023 - Interactive Brokers has announced that it now provides clients access to trade on the Taiwan Stock Exchange. This development allows clients worldwide to access Taiwanese equities without needing a separate regional broker.
Eligible clients of Interactive Brokers can now trade Taiwanese stocks, ETFs, and TDRs.
The inclusion of the Taiwan Stock Exchange will particularly benefit investment managers with Asia-centric strategies and retail investors seeking exposure to Taiwan's emerging sectors like energy storage and pharmaceuticals. In addition to this, investors interested in Taiwan's established semiconductor industry will now have a more straightforward route to participate. Furthermore, the Taiwan Stock Exchange offers high-dividend-yielding stocks, appealing to long-term investors.
David Friedland, Head of APAC at Interactive Brokers, commented, "Access to the Taiwan Stock Exchange strengthens Interactive Brokers’ presence in Asian markets and enhances the company’s global footprint. Extending our global reach underscores our dedication to providing experienced traders and institutional investors unparalleled market access worldwide.”
The company promises low and transparent trading costs, with commissions on Taiwanese stocks ranging from 0.03 – 0.08% of the trade value plus third-party fees for tiered pricing, depending on the monthly volume. Clients can fund and trade accounts in up to 26 currencies to invest in over 150 markets globally.
