Interactive Brokers (Nasdaq: IBKR), a major American electronic trading platform , launched IBKR GlobalTrader, a mobile trading application for investors to trade stocks worldwide, on Tuesday.
According to the press release, with over 80 stock exchanges in North America, Europe and Asia, investors can open an account in minutes and start trading stocks. In addition, Interactive Brokers serves over 1.75 million accounts in over 200 countries and territories, so investors trading with IBKR GlobalTrader benefit from the global expertise of Interactive Brokers.
“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,” Steve Sanders, the EVP of Marketing and Product Development at Interactive Brokers, commented.
Traders on the IBKR GlobalTrader app could rely on fractional shares, swaps, crypto trading and access to free educational resources. IBKR GlobalTrader is available for download from the Apple App Store and Google Play. Moreover, investors can sign up for a free trial with no commitment.
Trading Costs in the App
US residents get zero commissions on US stocks, but commissions start at USD 0.0035 for investors outside the US. Forex commissions are 3bps (0.03%) times the trade value, with no hidden spreads or markups.
Last month, Interactive Brokers released some key operating metrics for January, showing a monthly recovery but a drop in demand from the previous year’s levels.
The Daily Average Revenue Trades (DARTs) for the month came in at 2.621 million. This number has strengthened by 18% from the previous month but turned out to be 20% lower than January 2021.
