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 customers. PEA accounts through Interactive Brokers allow French tax clients to build diversified portfolios while benefiting from a preferential tax structure and low costs.
With an extensive selection of French and European shares, ETFs and mutual funds, clients can choose from a range of European securities to help them achieve their savings goals.
PEA accounts through Interactive Brokers automatically include a regular trading account, giving French clients access to global equities, options, futures, currencies, bonds, equities and more in 150 global markets from a single platform, alongside tax privileged options available in the PEA Structure.
Investors can open and fund PEA accounts simply and quickly, gaining access to low fees on an extensive selection of European securities without additional 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 simple, 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 Marketing and Product Development at Interactive Brokers. “This is an important step to accelerate our growth in France and by adding PEA to our offering, we provide French investors with a comprehensive, one-stop service for both tax advantages and traditional investments in 150 global markets from a single broker. With competitive prices, advanced technology and a wide selection of products, we aim to support the evolving investment needs of French clients.”