INTERACTIVE BROKERS LAUNCHES MOBILE APP FOR GLOBAL STOCK TRADERS

KUALA LUMPUR, March 9 (Bernama) -- Interactive Brokers, an automated global electronic broker, has launched IBKR GlobalTrader, a simple mobile trading application for investors to trade stocks globally. 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.

According to a statement, 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 per cent) times the trade value, with no hidden spreads or markups. (US$1 = RM4.180)

-- BERNAMA