Interactive Brokers Nets European Brokerage License to End 2020 With the opening of a Budapest office, Interactive Brokers now covers both Western and Central Europe. Last updated on January 15, 2021 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Interactive Brokers (IBKR) ends the year with good news from Hungary’s central bank, Magyar Nemzeti Bank. By granting the massive trading platform a brokerage licence, Hungary’s capitol – Budapest – becomes IBKR’s second new branch this year, following Singapore. IBKR’s Expansion to Budapest Explained Founded long before the internet went mainstream, Interactive Brokers (IBKR) continues to expand its brokerage footprint. Servicing clients interested in bonds, funds, stocks, currencies, and derivatives, IBKR already covers over a million clients globally. After receiving approval by Hungary’s central bank on December 12, IBKR announced the expansion into a Budapest office.