Online brokerage Interactive Brokers announced the launch of Plan d’Epargne en Actions (PEA) accounts for its French clients on Wednesday.
These accounts offer favorable tax breaks, making them an attractive savings vehicle for eligible French individuals.
Interactive Brokers explained in its press release that PEA accounts through Interactive Brokers enable French tax resident clients to build portfolios while benefiting from a preferential tax structure and lower costs.
The broker’s clients can choose from numerous French and European stocks, ETFs and mutual funds to help them achieve their investment goals.
In addition to the PEA account, Interactive Brokers offers regular trading accounts, providing its French clients with access to global stocks, options, futures, currencies, bonds, funds and more in 150 global markets from one unified platform.
“Plan d’Epargne en Actions accounts are a cost-effective way for French individuals to invest in the future,” said Steve Sanders, executive vice president of marketing and product development at Interactive Brokers.
“This is an important step in accelerating our growth in France and by adding PEA to our offering, we are providing French investors with a one-stop-shop for both traditional and tax-advantaged investments across 150 global markets from a single broker.”
Investors can open and fund PEA accounts easily and quickly, with Interactive Brokers also able to facilitate the transfer of existing accounts and the opening of new ones.