Interactive Brokers is pleased to announce that its client base has surpassed the 2.5 million mark.

In November, the number of active brokerage accounts increased to 2.52 million, up 2% from October and up 22% from a year ago. Client balances increased by 27% year over year to $404.3 billion during the period.

Interactive Brokers' equity in November increased 10% over the previous month to $367 million.

The broker's popularity, global expansion program, and innovative solutions contributed to these impressive results.

The company recently launched fractional trading capabilities for stocks and ETFs listed on the Toronto Stock Exchange, CBOE Canada, and some U.S. and European securities. Interactive Brokers has also received regulatory approval from the Financial Conduct Authority (FCA) to serve clients in the UK.

These decisions have helped attract a large number of younger clients, as fractional share trading allows investors to diversify their investment portfolios by spreading their relatively small capital across a wider range of stocks.

The average client fee, which includes exchange, clearing, and regulatory fees, was $3.21 in November.