Traders can now view available credit where it asks “How much can I spend” by clicking “Check”.
Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) continues to enhance the capabilities of its mobile applications, with the latest enhancements in the version of the apps released early this week concerning the Interactive Brokers Debit Mastercard.
Put briefly, the apps now allow traders to see how much they can spend. When traders access their Interactive Brokers Debit Mastercard from IBKR Mobile, they can now view available credit where it asks “How much can I spend” by clicking Check. The value shown is the spending limit as of the time shown, e.g. “Updated 1 minute ago”, and shows the amount available for pre-authorization.
FinanceFeeds has informed its readers in detail about the features of the Interactive Brokers Debit Mastercard thanks to an exclusive interview published in October last year. In its essence, this product is an integrated financial management account that links your brokerage account to a debit Mastercard to facilitate borrowing and spending at ultra-low rates.
Let’s note that traders must have an open, funded Interactive Brokers account to qualify for an Interactive Brokers Debit Mastercard (available to clients of the broker in certain regions only). Traders may spend and borrow directly against their account, with no monthly minimum payments and no late fees. Of course, they can use the Interactive Brokers Debit Mastercard anywhere Debit Mastercard is accepted around the world. They can also invest in stocks, options, futures, forex and bonds on over 120 global exchanges at lower cost.
Earlier this year, Interactive Brokers released some important updates to its mobile apps with regard to the Debit Mastercard. Traders got to manage their IBKR Debit Mastercard – authorize transactions, pre-authorize large-purchases and lock and unlock their debit card right from their phone.
Let’s not forget that Interactive Brokers’ mobile app combines IB TWS for Mobile and the IB Key security protocol into one app that lets traders securely manage their accounts and trade. Thus, traders can keep their accounts safe by applying IB Key two-factor authentication when logging into any of Interactive Brokers’ websites or trading platforms.