Interactive Brokers adds options trading to IMPACT mobile app
Electronic trading major Interactive Brokers has added options trading to its IMPACT mobile app.
IMPACT now offers its users to trade more than 30 global options markets with the Options Chain, Options Exercise Tool and a new Options Wizard that prompts traders to answer a few questions and presents them with strategies to consider based on their expectations.
IMPACT is a patent pending mobile trading application designed to help investors align their investments with their values. The app’s simple and intuitive design streamlines the sustainable investing process for any investor. Define your personal investment criteria from among 13 impact values, and then use IMPACT to score your portfolio and identify companies that are more aligned with your values.
IMPACT also includes a “Swap” feature that gives you the ability to swap positions in the same dollar amount from one security to another. With a tap, you can buy and sell securities simultaneously, based on the comparative impact scores of one company versus another.
Additional features include:
- Charitable Giving: IBKR GIVE lets US clients align their IMPACT values with non-profit organizations and make cash donations directly from the app. Using a comprehensive directory of US charities and non-profit organizations from GuideStar by Candid, GIVE lets clients easily donate to a charity matching their values, or search for a non-profit of their choice.
- Guided Investing Experience: IMPACT provides access to Socially Responsible Investment portfolios through Interactive Advisors, which was named “Best for Socially Responsible Investing” by Investopedia in 2021. IMPACT users who are interested in these ready-made portfolios will be directed to Interactive Advisors to open an account.
- Access to Cryptocurrency: IMPACT investors also have access to cryptocurrency trading, which enables clients to trade and custody Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) via Paxos Trust Company. This feature is only available to US clients.