Interactive Brokers Gives Korean Investors Global Stock Access Through Daol
Interactive Brokers disclosed Tuesday that it is supplying the trading infrastructure behind South Korea's DAOL Fi PRO platform, with Daol Investment & Securities retaining the client account and regulatory role. The app launched on July 10 according to Apple's version history, with the formal announcement arriving more than six weeks later. In May, IBKR opened Korea Exchange-listed stocks to eligible clients outside the country, and DAOL Fi PRO now serves Korean investors buying overseas shares through a locally operated platform.
Clients use Daol's main Fi app to open an account, deposit Korean won, exchange currency and activate overseas-stock trading, then trade through a separate Fi PRO application available for desktop and mobile devices. Daol keeps customer accounts, money management, service operation and investor-protection duties, while IBKR acts as the technology partner. Daol's privacy notice names Interactive Brokers, Inc. and Interactive Brokers Hong Kong Limited as overseas brokerage intermediaries for tax withholding, market-abuse checks and overseas-stock trades. The product page lists eight available order types including midpoint, stop-limit and market-on-close orders, with more than 18 further types planned, among them IBKR's Adaptive algorithm, time-weighted average price and volume-weighted average price orders. The App Store description says IBKR's SmartRouting compares major US exchanges and dark pools when executing orders, though price improvement is not guaranteed.
David Friedland, Interactive Brokers' managing director for Asia-Pacific, said the firms aim to "help expand access to global equities for Korean investors." Daol's website lists more than 80 news sources and 5,500 research ratings, with Korean-language support for part of the market-intelligence service arriving in a later update. Daol is an institutional customer of IBKR's broker-facing technology. Interactive Brokers reported 5.2 million client accounts at the end of the second quarter and $1.9 billion in quarterly net revenue.
South Korean individual investors held $210 billion in overseas securities at the end of 2025, up from $140 billion one year earlier, according to Bank of Korea data. Webull and Meritz Financial Group announced a US-equities agreement in November 2025, while Samsung followed in February 2022 with a service using Blue Ocean Systems for real-time trading in 8,000 US stocks during South Korean daytime hours. Daol's setup uses IBKR's trading system while keeping the regulated customer relationship with the Korean brokerage. The product materials focus on US shares, but the announcement refers more broadly to global equities; the current market list is not public, and the materials provide different discovery figures of about 70,000 stocks on Daol's website and more than 7,000 US shares in the App Store description.
IBKR's domestic-market access has also widened since the May Korea Exchange launch, adding South Korea's Nextrade alternative trading system in June alongside its earlier access to Korean derivatives. BC Lee, chairman of Daol Investment & Securities, said the companies plan to build a "long-term, two-way global investment platform," referring to future derivatives access and direct Korean-market investment services for overseas investors, though no timetable was given. IBKR says its introducing-broker infrastructure supports products across more than 170 markets. Neither company disclosed financial terms, expected client volumes or how many of those markets are available through Fi PRO. Daol's published online commission for overseas shares is 0.07%.
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