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Interactive Brokers Introduces Simple Mobile App for Global Stock Trading
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Interactive Brokers has launched IBKR GlobalTrader, a mobile app designed for global investors to trade stocks across over 80 exchanges in North America, Europe, and Asia. The app offers easy account setup, low trading costs with commissions starting at USD 0.0035 per share, and the ability to trade in 23 currencies. Features include fractional shares, crypto trading, and free educational resources via IBKR Campus. This user-friendly platform caters to both novice and experienced traders, aiming to enhance global market access.
Positive
Launch of IBKR GlobalTrader enhances accessibility for global investors.
Low trading costs: commissions start at USD 0.0035 per share.
Ability to trade in 23 currencies, enhancing global market access.
Features like fractional shares enable investments with as little as $1.
Negative
None.
IBKR GlobalTrader Puts the World in the Palm of the Investor’s Hand
GREENWICH, Conn.--(BUSINESS WIRE)--
Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today launched IBKR GlobalTrader, a simple mobile trading application for investors to trade stocks around the world. With a streamlined design, the app is easy for novice investors to use, and powerful enough for experienced stock traders. Investors can open an account in minutes and start trading stocks on over 80 stock exchanges in North America, Europe and Asia. Investors trading with IBKR GlobalTrader benefit from Interactive Brokers’ global expertise serving over 1.75 million accounts in over 200 countries and territories.
Developed specifically for global investors, IBKR GlobalTrader conveniently lets investors make deposits in up to 23 different currencies. These deposits are automatically converted at interbank rates into the currency needed to buy and sell stocks across markets and geographies. For investors seeking global diversification but unsure of what to invest in, the IBKR GlobalAnalyst scanner helps investors identify investment opportunities worldwide. Investors can then use the IBKR GlobalTrader app to quickly take advantage of them.
“As a growing number of individuals around the world discover the benefits of actively participating in the financial markets, the need for a simple and easy to use stock trading app has never been greater,” said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. “The IBKR GlobalAnalyst tool helps both beginners and advanced traders find investment opportunities, and then they can use the simple IBKR GlobalTrader app to trade stocks worldwide.”
Trading costs with IBKR GlobalTrader are transparent and low. For investors outside the U.S., commissions start at just USD 0.0035 per share and U.S. residents enjoy zero commissions on U.S. stocks. Commissions on Forex transactions are 3bps (0.03%) times the trade value, with no hidden spreads or markups.
Additional tools and features available on the IBKR GlobalTrader app include:
Fractional Shares: With fractional shares, investors can invest in U.S. shares with as little as $1, regardless of the stock price.
Swap: Switch positions in the same dollar amount from one security to another. With one tap, investors can buy the stocks they want and sell those they no longer want to own.
Crypto Trading: Trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) or Litecoin (LTC) via Paxos Trust Company and the IBKR GlobalTrader app. Cryptocurrency trading is available to clients of IB LLC.
Free Educational Resources: Investors can continually learn more about the markets, trading and investing via IBKR Campus.
IBKR GlobalTrader is available for download in the Apple App Store and on Google Play. Investors can sign up for a free trial with no commitment.
Product eligibility and availability may vary depending on country of legal residence.
About Interactive Brokers Group, Inc.:
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 135 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its February 26, 2021, Best Online Broker Review.
Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com
Source: Interactive Brokers Group, Inc.
FAQ
What is IBKR GlobalTrader?
IBKR GlobalTrader is a mobile trading app launched by Interactive Brokers that allows investors to trade stocks on over 80 exchanges worldwide.
What are the trading costs associated with IBKR GlobalTrader?
Trading costs with IBKR GlobalTrader start at USD 0.0035 per share for international investors, while U.S. residents enjoy zero commissions on U.S. stocks.
In how many currencies can investors deposit using IBKR GlobalTrader?
Investors can make deposits in up to 23 different currencies using IBKR GlobalTrader.
What features does IBKR GlobalTrader offer?
IBKR GlobalTrader offers features like fractional shares, crypto trading, and educational resources through IBKR Campus.
Is IBKR GlobalTrader available for download?
Yes, IBKR GlobalTrader is available for download on both the Apple App Store and Google Play.
