TOGGLE AI to offer commission-free trading and subscriber-exclusive options pricing for new IBKR users
NEW YORK, May 24, 2022--(BUSINESS WIRE)--TOGGLE AI today announced an initiative that enables their customers to trade commission-free on Interactive Brokers. Users of TOGGLE's award-winning investment platform who are clients of Interactive Brokers, will now receive a reimbursement for trading fees each month. Plus, new IBKR customers will receive special pricing for options contracts.
"For nearly four decades, retail investors have been strong-armed into accepting opaque pricing structures and bloated fees from most brokerages," said TOGGLE AI co-founder and CEO Jan Szilagyi. "Combining TOGGLE’s cutting-edge technology with Interactive Broker’s innovative commission structure will be transformative for investors who expect more from their brokerages. My hope is that collaboration will push the industry as a whole to offer transparent pricing structures – and more affordable fees."
This collaboration highlights Interactive Brokers’ transparent pricing structure, and furthers TOGGLE’s mission of democratizing information and helping investors make better-informed trading decisions, faster.
TOGGLE subscribers who trade via Interactive Brokers, are eligible to receive a monthly reimbursement for any commission fees incurred, up to the dollar value of their TOGGLE subscription. U.S. stock trading is free for IBKR Lite account holders, while commissions for customers of TOGGLE AI who use the IBKR Pro pricing plan, start at just USD $0.002 per share. Additionally, TOGGLE AI’s customers who are new to Interactive Brokers can take advantage of low options commissions of USD $0.50 per contract.
"TOGGLE provides an excellent tool for traders, one of the best I have come across in the industry. We are glad to be associated with them," said Thomas Peterffy, Founder and Chairman of Interactive Brokers.
TOGGLE AI is a fintech company funded by leading VCs and financial institutions. TOGGLE’s intelligent investment dashboard provides AI commentary and educational material on any security worldwide.
For more information, please visit toggle.ai/ibkr
About TOGGLE AI
TOGGLE AI is an intelligent investment dashboard empowering both institutional and retail investors with curated insights on individual securities and their broader portfolio. Like a GPS for investing, the platform helps investors navigate a wide array of markets with instant insights tailored to their investing style. TOGGLE AI provides investors with a unique window into their portfolio, clearly highlighting what is driving their securities and how it might impact their holdings. Globally distributed, and led by a team of industry veterans, TOGGLE AI is hiring across engineering, finance, and design.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005696/en/
Euri Park, TOGGLE AI
Deborah Kostroun, Zito Partners