LONDON--(BUSINESS WIRE)--IB UK announces the launch of Contract For Difference (CFDs) products.
Interactive Brokers announces the introduction of Contracts for Difference, known as CFDs, for clients trading in underlying UK equity shares. Non-US and non-Canadian residents have electronic access to IB UK CFDs and can now make those trades from the same account and trading platform at a low dealing cost, with more CFDs on other financial products to follow shortly.
CFD products carry several highlights. The product offers transparent low brokerage fees and carries no Stamp Duty. Investors have the facility to buy or sell short in tightly-quoted markets. Through Interactive Brokers, customers receive low interest charges and finance fees. Further, our clients have the ability to leverage their positions through the simplicity of a single account using Interactive Brokers' award-winning Trader WorkstationTM platform.
Gerald Perez, Managing Director of Interactive Brokers (UK) Limited says: “We are focused on providing Credibility, low Cost and Choice to our clients. At a low cost, you can now trade shares, options, futures, ETFs, bonds, forex and CFDs, globally."
About Interactive Brokers
Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, options, futures, foreign exchange instruments, bonds, and funds as a member of more than 80 electronic exchanges and trading venues around the world. The company provides professional traders and investors with electronic access to stocks, options, futures, forex, bonds and funds. Employing proprietary software on electronic exchanges worldwide, Interactive Brokers is continuously integrating its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention. Interactive Brokers (U.K.) Limited is authorized and regulated by the Financial Service Authority in the United Kingdom (registration number: 208159) www.interactivebrokers.co.uk.
Please note: CFD trading is not suitable for all investors. Customers should read the relevant risk warnings before investing. Due to the leveraged nature of CFDs, your losses may exceed the value of your original investment. Eligible customers must apply for CFD trading permissions via the Trading Permissions page in Account Management, and ensure that they have a market data subscription for LSE.