Interactive Brokers implements IBot enhancements in Android mobile app

Maria Nikolova

Less than a month after Interactive Brokers announced it was making drastic changes to the AI tech powering IBot, the IB TWS mobile app for Android gadgets sees bot enhancements.

As FinanceFeeds reported in June, electronic trading firm Interactive Brokers Group, Inc (NASDAQ:IBKR) is making major changes to IBot, its natural language interface to trading. Whereas Interactive Brokers first announced the changes along with the release of the latest Beta version of its Trader Workstation platform, the changes are now going beyond the desktop version of the solution and are spreading to the mobile trading environment.

The most recent version of the IB TWS mobile application for Android gadgets offers to its users some of the improvements that have been introduced in the desktop platform. The IB TWS mobile app now offers access to a smarter IBot, as the artificial intelligence (AI) technology behind it is revamped.

IBot’s user interface is changed to make it easier to apply machine learning, based on how traders interact with it. Key elements are easier to spot in the new design which uses the full screen instead of limiting commands to text bubbles.

IBot was made available on Android devices in April this year, several months after the AI solution was introduced on iOS devices. The robot understands commands in various areas of interest to traders, ranging from account information to charts and quotes.

IBot has enjoyed substantial development since its initial launch in the fall of 2016 and now supports a variety of functions. In April this year, IBot got some additional capabilities, as Interactive Brokers integrated its website search with IBot to enable educational and task-based returns.

The development of IBot signifies the increased popularity of AI solutions in the financial services industry, as automated programs overtake some functions traditionally performed by customer support staff. Of course, the robot cannot answer all sorts of questions but the scope of its knowledge is gradually growing. In case a command presents a difficulty for IBot, it will provide its best guess answer, accompanied by warning that the query is not supported.

Read this next

Retail FX

Weekly Roundup: eToro links up with Elon Musk, US crackdown on Russian FX

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.


Must-Watch Top 5 Crypto Picks for Q2 2024 Featuring BlockDAG, Toncoin, Solana and More

Dive into BlockDAG’s meteoric rise and explore other promising altcoins like Pepe, Toncoin, Solana, and Render for superior returns.

Retail FX

Clone of Admiral Markets draws FCA attention

The United Kingdom’s financial markets watchdog today unmasked another fraudulent entity, this time bringing to light a clone firm that has been posing as FCA-‎authorised brand, Admiral Markets UK Ltd.

Digital Assets

Gemini Earn users to recover $2.18 billion in crypto payouts

Cryptocurrency exchange Gemini has agreed to pay $50 million worth of digital assets to investors in its Gemini Earn program as part of a settlement with the New York Attorney General (NYAG), announced on Friday.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: British Pound (GBP) Weakness, US Inflation, Euro, USD June 14 ,2024

British Pound weakens due to lower inflation expectations, potential policy changes from Reform Party, and broader economic concerns.


Q2 2024’s Top 5 Cryptos to Buy: BlockDAG, Pepe, Toncoin, Solana and Render

Learn about 2024’s Q2 top 5 cryptos. Explore potential high-return and advancements of altcoins like BlockDAG, Pepe, Toncoin, Solana, and Render.

Fundamental Analysis, Tech and Fundamental, Technical Analysis

GBPCAD Technical Analysis Report 14 June, 2024

GBPCAD currency pair can be expected to fall further toward the next support level 1.7250, former strong resistance from last year.

Digital Assets

Binance acquitted of tax evasion in Nigeria, now faces AML charges

Nigeria has dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the world’s largest cryptocurrency exchange appointed a local representative to handle court processes related to the allegations.

Digital Assets

Trezor launches new hardware wallet ‘Safe 5’ with fresh security features

Crypto hardware wallet manufacturer Trezor announced on Friday the launch of its latest flagship product, the Trezor Safe 5, featuring upgraded security to promote self-custody of digital assets.