Interactive Brokers Launches Karta Visa Card to Connect Brokerage Balances with Everyday Purchases

Interactive Brokers stepped further into personal finance with the launch of the Karta Visa card, aiming to give users a way to spend directly from their brokerage accounts.

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According to the brokerage, the new card links trading and cash management in a single platform, enabling users to trade, save, invest, and make purchases globally without the friction of moving funds between platforms.

“Our all-in-one cash management solution gives clients an easy and flexible way to manage their money,” commented Milan Galik, Chief Executive Officer at Interactive Brokers. “Introducing the Karta Visa card broadens the scope of our integrated approach and further simplifies how clients can oversee their finances.”

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A New Layer to IBKR’s Cash Management Platform

The Karta Visa card adds to Interactive Brokers’ suite of cash management tools, offering clients a U.S. dollar card with no foreign transaction fees, real-time support, and lifestyle perks such as airport lounge access and luxury travel concierge services.

The Karta Visa card reportedly enables clients to make purchases worldwide without FX fees while earning reward points on travel and lifestyle spending. Cardholders also gain access to global airport lounges, the Visa Luxury Hotel Collection, and concierge assistance via WhatsApp.

Bringing Brokerage Convenience to Everyday Finance

Interactive Brokers’ existing cash management solution already lets clients earn interest of up to 3.62% on idle cash or borrow at rates between 4.62% and 5.62% when needed. Deposits can be made via mobile check or automated payroll, and funds remain protected under IBKR’s strong balance sheet and risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term framework.

At launch, the Karta Visa card is available to eligible clients across several regions. With instant virtual issuance through Apple and Google Wallet, users can start spending immediately while maintaining direct access to their investment funds.

By linking brokerage and banking functionality, Interactive Brokers continues to blur the line between investing and daily finance, offering a single account that works across markets, currencies, and now, at checkout.

Interactive Brokers recently reported strong third-quarter results, driven by a rebound in trading activity and higher interest income. The performance reflected continued momentum among active investors despite ongoing market volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term.

The brokerage recorded broad-based growth across its core business segments while maintaining tight cost control, helping boost profitability to its highest level in a year. GAAP net revenue rose to $1.66 billion from $1.37 billion in the same quarter last year, while adjusted net revenue reached $1.61 billion.

Diluted earnings per share increased to $0.59, up from $0.42 a year earlier. Profit before taxes climbed to $1.31 billion, with the company maintaining a strong pre-tax margin of 79%.