Interactive Brokers Launches Plan d’Epargne en Actions (PEA Classique) Accounts

Rhea-AI Summary

Interactive Brokers (IBKR) has launched Plan d'Epargne en Actions (PEA) accounts for French tax residents. These accounts offer favorable tax exemptions and include access to French and European stocks, ETFs, and mutual funds. The PEA accounts automatically come with a regular trading account, providing access to global securities across 150 markets. The offering features low commissions, no custody or transfer fees, and simplified account opening processes. Clients can utilize Interactive Brokers' trading platforms, comprehensive reporting services, and free trading tools to manage their investments effectively.

Positive

• Launch of tax-advantaged PEA accounts expanding market reach in France
• No custody or transfer fees for account holders
• Access to 150 global markets through a unified platform
• Potential for revenue growth through French market expansion

Negative

• None.

Insights

Financial Services Analyst

The launch of PEA accounts represents a strategic expansion into the French retail investment market, potentially opening up significant revenue opportunities for Interactive Brokers. PEA accounts offer tax advantages that make them highly attractive to French investors, similar to ISAs in the UK or IRAs in the US. The move could substantially increase IBKR's market share in France, where tax-efficient investment vehicles are particularly valued.

The offering combines IBKR's competitive advantages - low costs and broad market access - with a tax-efficient structure that could accelerate client acquisition in France. This positions IBKR to capture a larger share of the €400+ billion French retail investment market. The automatic inclusion of a regular trading account alongside PEA creates opportunities for cross-selling and increased trading volume across IBKR's global platform.

Clients Can Access Advantageous Tax Account Structure with Broad Product Offering and Low Costs

GREENWICH, Conn.--(BUSINESS WIRE)-- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the launch of Plan d’Epargne en Actions accounts. These accounts offer favorable tax exemptions, making them attractive savings vehicles for eligible French clients. PEA accounts through Interactive Brokers let French tax-resident clients build diversified portfolios while benefiting from a preferential tax structure and low costs. With an extensive selection of French and European stocks, ETFs, and mutual funds, clients can choose from a range of European securities to help them reach their savings goals. PEA accounts through Interactive Brokers automatically include a regular trading account, giving French clients access to global stocks, options, futures, currencies, bonds, funds and more on 150 global markets from a single unified platform, alongside the tax-advantaged options available within the PEA structure.

Investors can open and fund PEA accounts simply and quickly, gaining access to low commissions on an expansive selection of European securities with no added custody or transfer fees. Interactive Brokers can facilitate the transfer of existing accounts and the opening of new accounts. The process is designed to be straightforward, with no fees associated with opening accounts.

“Plan d’Epargne en Actions accounts are a cost-effective way for French individuals to invest for the future,” said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. “This is an important step in accelerating our growth in France and by adding the PEA to our offering, we are providing French investors with a comprehensive, one-stop shop for both tax-advantaged and traditional investments across 150 global markets from a single broker. With competitive pricing, advanced technology, and a broad selection of products, we aim to support the evolving investment needs of French clients.”

Clients of Interactive Brokers can use powerful trading technology and trading tools to create and execute trading strategies from desktop and mobile devices. Interactive Brokers’ powerful technology helps individual investors succeed, and available features include:

• Desktop, mobile and web trading platforms that are powerful enough for professional traders but designed for investors of any skill level.
• Comprehensive reporting services, including real-time trade confirmations, transaction cost analysis and sophisticated portfolio analysis to help investors manage accounts.
• Free trading tools designed to help investors spot market opportunities and analyze results to make better-informed trading decisions.

For more information on Plan d’Epargne en Actions (PEA Classique) Accounts, please visit: Plan d’Epargne en Actions

The Best Informed Investors Choose Interactive Brokers

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron’s, Investopedia, Stockbrokers.com, and many others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120627874/en/

Interactive Brokers Group, Inc.

Media: Katherine Ewert, media@ibkr.com

Source: Interactive Brokers

FAQ

What is the new account type launched by Interactive Brokers (IBKR)?

Interactive Brokers has launched Plan d'Epargne en Actions (PEA Classique) accounts, which are tax-advantaged investment accounts for French tax residents.

What markets can French clients access through IBKR's PEA accounts?

Through PEA accounts, clients can access French and European securities, plus global stocks, options, futures, currencies, bonds, and funds across 150 global markets via the included regular trading account.

What fees does Interactive Brokers (IBKR) charge for PEA accounts?

Interactive Brokers offers PEA accounts with low commissions and no custody or transfer fees. There are also no fees associated with opening accounts.