Interactive Brokers Launches Mutual Funds for Stocks and Shares ISAs
11 February 2025 - 9:00PM
Business Wire
Thousands of UK and Global Investment
Products Available
Interactive Brokers (U.K.) Limited, an affiliate of Interactive
Brokers (Nasdaq: IBKR), an automated global electronic broker,
announced the expansion of its offering of Stocks and Shares
Investment Savings Accounts (ISAs) with the addition of mutual
funds. This enhancement allows UK investors to access a wider range
of investment products in a tax-efficient savings vehicle alongside
advanced trading platforms, low fees, and global
diversification.
The newly introduced mutual funds complement the thousands of
available global securities, including stocks, bonds, and
exchange-traded funds (ETFs). With competitive pricing and no added
custody or transfer fees, Interactive Brokers provides UK investors
with a powerful platform to take control of their investments.
“We’re pleased to introduce mutual funds to our Stocks and
Shares ISAs, empowering UK investors to build diversified
portfolios with a wider array of investment options,” said Gerry
Perez, CEO of Interactive Brokers (U.K.) Limited. “As the tax year
deadline approaches on 5 April, UK investors can maximise their ISA
contributions and save efficiently for their financial future.”
Interactive Brokers offers a unique combination of features
designed to help investors make the most of their ISA
contributions:
- No Custody, Minimum Deposit or Transfer Fees: No minimum
deposit is required. There are no custody fees for investments or
charges for transferring an ISA from another provider. A minimum
monthly activity fee of £3 applies.
- Low Commissions: Trading commissions start from just
£3/€3 per trade for UK and most European stocks. Thousands of
mutual funds are available with no transaction fee, while most
other funds are priced at £4.95 in the UK, inclusive of all
regulatory and exchange fees.
- Trade US Stocks for Less: UK investors benefit from much
lower overall costs when trading US stocks. With low commissions
and a transparent FX conversion fee that is up to 50 times lower
than other UK brokers, Interactive Brokers makes cross-border
investing significantly cheaper than most competitors. To review
the broker pricing comparison for UK residents, please see the
chart here: US Stock Trading Costs for UK Residents
- Earn Interest: UK clients can earn interest of up to
3.989% on their GBP cash balances or up to 3.83% on their USD cash
balances. The interest rates are as of February 7, 2025, and are
subject to change. See the UK Interest page for full details and
terms that apply.
- Global Diversification: With access to thousands of
global investment products, including mutual funds, stocks, bonds,
and ETFs, investors can create a truly diversified portfolio, and
leverage tools like IBKR GlobalAnalyst to explore new
opportunities.
- Powerful Platforms: Interactive Brokers offers a variety
of platforms to suit the needs of occasional investors and active
traders: the advanced Trader Workstation (TWS), IBKR Mobile for
trading on the go, the intuitive Client Portal to view, trade and
manage an account, and the new IBKR Desktop that combines popular
tools with a streamlined design.
Opening a Stocks and Shares ISA with Interactive Brokers is
quick and simple. Investors can easily sign up online or transfer
an ISA from another provider without hassle, making it easy to take
advantage of this powerful tax-efficient investment vehicle.
For more information on Interactive Brokers’ Stocks and Shares
ISA, visit: Interactive Brokers ISA Accounts
Stocks and Shares ISAs are only available to UK residents.
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, foreign exchange,
and forecast contracts 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
have 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20250211282013/en/
Media: Katherine Ewert, media@ibkr.com
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