Interactive Brokers U.K. introduces Commission Credit offer for Stocks and Shares ISAs

Rick Steves

Interactive Brokers (U.K.) Limited promotes a new offer for UK investors, providing a £55 commission credit for opening Stocks and Shares ISAs, aiming to enhance the investment journey with tax-efficient opportunities.

Interactive Brokers (U.K.) Limited, an affiliate of the automated global electronic broker Interactive Brokers Group, has rolled out a promotion for UK residents.

This initiative grants a £55 commission credit to new clients who open a Stocks and Shares Investment Savings Account (ISA). The offer is designed to attract both newcomers to savings and current ISA holders seeking a more robust trading platform.

Interactive Brokers underscores the potential of their ISAs to assist UK investors in achieving their savings objectives through a wide array of global investment options and a tax-advantageous framework.

Encouraging tax-efficient investment practices in the UK

Interactive Brokers’ Stocks and Shares ISAs offer UK investors access to a vast selection of investment products both locally and internationally. Account holders can trade stocks, bonds, and ETFs using a sophisticated trading platform that boasts low commission rates without incurring additional custody or transfer fees.

Gerald Perez, Managing Director at Interactive Brokers (U.K.) Limited, emphasizes the company’s commitment to supporting investors at every stage of their savings journey and points out the added value of the commission credit promotion combined with the platform’s extensive features.

“We welcome those just beginning their savings journey as well as existing ISA holders keen on transferring to a superior trading platform,” said Gerald Perez. “The new trading commission credit promotion, combined with our powerful platforms, low trading commissions and global product offering, could help more individuals in the UK reach their savings goals.”

No hidden fees, competitive commissions, interest earnings, global access

The Stocks and Shares ISAs provided by Interactive Brokers come with a suite of benefits tailored to optimize the investment experience:

No Hidden Fees: Investors are not charged custody fees for holding investments, nor are there fees for transferring an ISA from another brokerage, although a minimum monthly activity fee applies.
Competitive Commissions: Trading commissions are set at a low rate, starting from £3/€3 for UK and European stocks, and USD 0.005 per share for US stocks, with larger trades being charged at 0.05% of the trade value.
Affordable Currency Conversion: The platform offers low-cost currency conversions with competitive commissions, tight spreads, and substantial liquidity.
Interest Earnings: There’s an opportunity to earn interest on cash balances that are readily available.
Global Access: The service allows for investment across a diverse array of global markets, and includes tools like IBKR GlobalAnalyst for identifying international diversification opportunities.
Versatile Trading Platforms: Catering to different investor profiles, Interactive Brokers offers various platforms, including the advanced Trader Workstation (TWS), IBKR Mobile for on-the-go trading, and the Client Portal for consolidated trading, cash management, and account services.

Interactive Brokers streamlines the process of opening an ISA with an efficient online signup and facilitates the transfer of ISAs from other providers, further solidifying its position as a user-friendly and comprehensive investment solution for UK residents.

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