just now
May 31, 2022 - Interactive Brokers has launched fractional shares trading for European stocks and ETFs. Clients of Interactive Brokers can now buy and sell fractional shares of eligible U.S. and European stocks and ETFs.
With fractional shares, there is no minimum for European shares and investors can invest in U.S. shares with as little as USD 1.00, irrespective of the stock price. In addition, Interactive Brokers offers cash quantity stock orders, which lets clients 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.
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers said, “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.”
Fractional shares trading is available on all of Interactive Brokers’ trading platforms including the mobile app IBKR GlobalTrader. European stocks and ETFs listed on select exchanges, and with average daily volume above $5 million and market cap above $5 billion, are eligible for European fractional shares trading.
