Interactive Brokers Takes Aim at Robinhood With New Trading App
- IBKR GlobalTrader is geared to investors new to markets
- App marks shift for firm that caters to experienced clients
Photographer: Tiffany Hagler-Geard/Bloomberg
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Interactive Brokers Group Inc. is launching a trading app geared to novice investors that’s poised to compete with rivals including Robinhood Markets Inc.
The Greenwich, Connecticut-based firm announced the new platform called IBKR GlobalTrader, which allows customers to make deposits in up to 23 different currencies, according to a Tuesday release.