{"id":507585,"date":"2023-01-26T03:20:00","date_gmt":"2023-01-26T03:20:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=507585"},"modified":"2023-01-26T16:03:23","modified_gmt":"2023-01-26T16:03:23","slug":"interactive-brokers-global-trader","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/interactive-brokers-global-trader\/","title":{"rendered":"Interactive Brokers Global Trader – IBKR GlobalTrader Puts the World in the Palm of the Investor\u2019s Hand"},"content":{"rendered":"\n

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today launched IBKR GlobalTrader, a simple mobile trading application for investors to trade stocks around the world. 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<\/a> on over 80 stock exchanges in North America, Europe and Asia. Investors trading with IBKR GlobalTrader benefit from Interactive Brokers\u2019 global expertise serving over 1.75 million accounts in over 200 countries and territories.<\/p>\n\n\n

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\"IBKR<\/figure><\/div>\n\n\n

Developed specifically for global investors<\/strong>, IBKR GlobalTrader conveniently lets investors make deposits in up to 23 different currencies<\/strong>. <\/p>\n\n\n\n

These deposits are automatically converted at interbank rates into the currency needed to buy and sell stocks across markets and geographies. <\/p>\n\n\n

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\"Global<\/figure><\/div>\n\n\n

For investors seeking global diversification but unsure of what to invest in, the IBKR GlobalAnalyst<\/strong> scanner helps investors identify investment opportunities worldwide. Investors can then use the IBKR GlobalTrader app to quickly take advantage of them.<\/p>\n\n\n\n

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\u201cAs 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.\u201d<\/p>\nSteve Sanders, EVP of Marketing and Product Development at Interactive Brokers.<\/cite><\/blockquote>\n\n\n\n

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.<\/p>\n\n\n\n

IBKR GlobalTrader Fees<\/h2>\n\n\n\n

Interactive Brokers has industry leading rock bottom fees. $0 Commissions on US Stocks and ETFs with no inactivity fees or account minimums.<\/p>\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Stocks<\/th>FREE<\/td>\n<\/tr>\n
ETFs<\/th>FREE<\/td>\n<\/tr>\n
No Transaction Mutual Funds<\/th>FREE<\/td>\n<\/tr>\n
Other Mutual Funds<\/th>3% or $14.95 per trade (whichever is lower)<\/td>\n<\/tr>\n
Deposits<\/th>FREE<\/td>\n<\/tr>\n
Wire Withdrawals<\/th>FREE once a month, then $10.00<\/td>\n<\/tr>\n
Check Withdrawals<\/th>FREE once a month, then $4.00<\/td>\n<\/tr>\n
All Other Withdrawals<\/th>FREE once a month, then $1.00<\/td>\n<\/tr>\n
ACATS or DWAC Position Transfers<\/th>FREE <\/td>\n<\/tr>\n
DRS Deposits<\/th>$25.00 per transaction ($100 per rejected transaction)<\/td>\n<\/tr>\n
DRS Withdrawals<\/th>$5.00 per transaction (no fee for rejected transaction)<\/td>\n<\/tr>\n
Returned Check Fee<\/th>$25.00<\/td>\n<\/tr>\n
FX Auto Conversion<\/th>3 basis points of trade value<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

Products Offered<\/h2>\n\n\n\n

IBKR GlobalTrader offers stocks, ETFs, Mutual Funds<\/a>, Cryptocurrencies and more through their trading platform. You can get access to global markets at competitive fees.<\/p>\n\n\n

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\"Products<\/figure><\/div>\n\n\n

Additional tools and features available on the IBKR GlobalTrader app include:<\/p>\n\n\n\n