The popular Interactive Brokers mobile apps, IBKR GlobalTrader and IMPACT, introduce option trading features and education for clients.
Interactive Brokers introduces options trading, Option Wizard features and Option Chain tools into the IBKR GlobalTrader and IMPACT apps.
Although the first offer is exclusive to clients only, the company has plans to add options trading in other entities soon. These new tools are useful in helping investors understand how options work and how to trade them. Clients only need to answer a few simple questions and choose an options strategy based on their preferences and market expectations. Option Chain provides a more independent client with a way to an option or builds a strategy step by step through a simple interface.
IBKR GlobalTrader is a mobile trading app for trading stocks and options, while IMPACT by Interactive Brokers is a dedicated app focused on ESG Option Wizard helps investors create their own combination strategy.
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: "We continue to develop tools enabling investors to make informed investment decisions that can enhance their trading strategies. The simplicity of the IBKR GlobalTrader and IMPACT apps plus guidance from the options tools give any investor a straightforward way to learn about and start trading options."
This offer is the answer to the concerns of new clients who are hesitant to start trading options post-pandemic. Through the educational resources offered, clients can allay these concerns and increase their chances of making consistent profits over the long term rather than blowing their accounts and moving on.