Interactive Brokers Establishes Central European Office in Budapest

​Interactive Brokers, an American multinational brokerage firm, announced that it has established a new entity in Budapest, which is named Interactive Brokers Central Europe Zrt., (IBCE), continuing to grow its international business.

The new entity has been licensed by Magyar Nemzeti Bank, Hungary's Central Bank on December 12, 2020. Miklos Hanti serves as CEO for IBCE.

With the opening of the new office in Hungary, the broker now has ten entities around the globe in the US, Australia, Canada, Hong Kong, India, Japan, Luxembourg, Singapore, and the UK, serving over one million client accounts in more than 220 countries and territories.

"Establishing an office in Hungary is part of our continuing trend of opening entities around the world to support our growing global presence,” said Thomas Peterffy, chairman of Interactive Brokers. “We plan to make Budapest the center of our operations for Central Europe to keep pace with account growth, which has been rapid in both Western and Eastern Europe and around the world."

More than 25% of Interactive Brokers accounts now come from Europe and Africa, with over 80% of new clients coming from outside the United States.

Interactive Brokers offers clients worldwide the ability to invest in stocks, options, futures, currencies, bonds, and funds on 135 markets in 33 countries from a single Integrated Investment Account. Clients can also benefit from the company's superior pricing, industry-low margin rates, tight forex conversion pricing, and advanced technology. The company is also well known for providing a wide range of free educational resources to the public.