Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today 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.”
