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IBKR GlobalTrader

Category: Finance Date:2023-09-08 16:13:36

Rating: 4.0 Tags: Education

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Introduction

IBKR Global Trader is an app that allows users to trade in over 90 stock markets worldwide, including major exchanges such as NYSE, NASDAQ, LSE, and HKSE. It also offers trading options for cryptocurrencies like Bitcoin, Bitcoin Cash, Ether, and Litecoin. The app provides educational content to help users expand their knowledge about options and strategies. With fractional shares, users can invest with as little as $1, making trading accessible to all. The app also allows users to swap stocks they own for stocks they want with a single tap. Users can start with a simulated trading environment and then switch to live trading by completing their application and funding their account. However, users should be aware that margin borrowing is only for experienced investors with a high risk tolerance and there is a risk of loss in online trading. US residents will need to open an IBKR Lite account with Interactive Brokers LLC. Interactive Brokers LLC is a member of NFA but does not have regulatory oversight authority over virtual currency products, transactions, exchanges, custodians, or markets. Trading in digital assets, including cryptocurrencies, is especially risky and is only for those with a high risk tolerance and the financial ability to sustain losses. All trading and custody of digital assets are provided by Paxos Trust Company and are not protected by SIPC.

The software (IBKR Global Trader App) offers the following advantages:

- Access to worldwide markets: The software allows users to trade in over 90 stock markets around the world, including major exchanges like NYSE, NASDAQ, LSE, and HKSE. Users can also trade cryptocurrencies like Bitcoin, Bitcoin Cash, Ether, and Litecoin.

- Options trading capabilities: The software enables users to trade single and multi-leg options globally on more than 30 market centers. It provides step-by-step options wizards and user-friendly option chains to simplify the trading process. Additionally, educational content is available to help users expand their knowledge about options and strategies.

- Fractional shares and small investments: With the software, users can invest in fractional shares, allowing them to trade even with small cash balances. This feature ensures that no trade is too small and no stock is too expensive. Investors can start with as little as $- regardless of the price of a stock.

- Stock swapping: Users have the ability to swap stocks they own for stocks they desire with a single tap, providing flexibility and ease of portfolio management.

- Simulated trading environment: The software offers a simulated trading environment where users can gain access to $-000 in simulated cash. This allows them to practice trading without risking real money. Once ready, users can transition to live trading by completing their application, funding their account, and start trading in real markets.

- Regulatory oversight and security measures: Interactive Brokers LLC, the provider of the software, is a member of NFA (National Futures Association) and subject to NFA's regulatory oversight and examinations. The software provides trading and custody of digital assets through Paxos Trust Company, offering high-security standards. However, it is important to note that trading in digital assets, including cryptocurrencies, carries a higher level of risk and is suitable only for individuals with a high risk tolerance and financial ability to sustain losses.

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More Information

File size: 29.00 M Latest Version: v1.4.713

Requirements: Android Language: English

Votes: 52 Package ID: com.ibkr.gt.app

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