Interactive Brokers disclosed today (Tuesday) that it supplies the trading infrastructure behind South Korea’s DAOL Fi PRO platform. Daol Investment & Securities retains the client account and regulatory role.
Apple’s version history lists the app as launched on July 10. The formal announcement arrived more than six weeks later.
In May, IBKR opened Korea Exchange-listed stocks to eligible clients outside the country. DAOL Fi PRO serves Korean investors buying overseas shares through a locally operated platform.
Daol Retains the Client Relationship
Clients use Daol’s main Fi app to open an account, deposit Korean won, exchange currency and activate overseas-stock trading. According to the product website, they 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. IBKR acts as the technology partner, not the account provider or service operator.
Daol’s privacy notice provides another check on the operating model. It 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. More than 18 further types are 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. Price improvement is not guaranteed.
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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. It says Korean-language support for part of the market-intelligence service will arrive 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.
Korean Brokers Add Foreign Trading Rails
Webull and Meritz Financial Group announced a US-equities agreement in November 2025 using Webull’s platform and an Apex Fintech Solutions connection.
Samsung followed in February 2022. Its service with Blue Ocean Systems allowed 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. A screener universe is not the same as a tradable-instrument list.
The materials also provide different discovery figures: about 70,000 stocks on Daol’s website and more than 7,000 US shares in the App Store description.
IBKR Builds a Two-Way Korea Route
IBKR’s domestic-market access has also widened since the May Korea Exchange launch. The broker added 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.” He also referred to future derivatives access and direct Korean-market investment services for overseas investors.
No timetable was given for those additions. They would broaden the relationship beyond the overseas-stock service now promoted to Daol clients.
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 reported by Yonhap.
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%.
This article was written by Damian Chmiel at www.financemagnates.com.BrokersRead More
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