Interactive Brokers launches stock trading app, IBKR GlobalTrader
The IBKR GlobalTrader app features fractional shares, Swap, Crypto trading, and free educational resources.
Interactive Brokers has launched IBKR GlobalTrader, the broker’s new stock trading app designed for both novice investors and experienced stock traders.
IBKR GlobalTrader lets investors make deposits in up to 23 different currencies, with deposits being automatically converted at interbank rates into the currency needed to buy and sell stocks across markets and geographies.
The mobile app features the GlobalAnalyst scanner which helps investors identify investment opportunities worldwide.
Tools for both beginners and advanced traders
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: “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. 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.
The broker has been taking measures to address the needs and wants of retail traders, having recently launched a new tool for investors to compare the relative valuations and financial metrics of stocks globally.
Going by the name of GlobalAnalyst, the tool helps investors improve their international portfolio diversification by discovering undervalued companies with greater growth potential.
IBKR also entered the crypto game by introducing cryptocurrency trading for Registered Investment Advisors (RIAs) in the United States via Paxos Trust Company on behalf of clients.
Investment advisors will be able to trade and custody Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) with commissions as low as 0.12% – 0.18% of trade value, depending on monthly volume with a USD 1.75 minimum per order.
Earlier this month, Interactive Brokers announced the launch a new podcast series featuring interviews with executives, thought leaders and market experts discussing topical themes impacting global markets and trading.
Traders’ Insight Radio will have in-house IBKR podcast hosts providing important context around the singular viewpoints being examined during the conversations.
