Interactive Brokers Group, Inc., a global electronic broker, released its performance data for October. The figures show growth in retail activity and trading volumes.
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Daily Average Revenue Trades reached 4.472 million. This is up 16% from September and 58% compared with the same month last year. The total number of client accounts increased to 4.23 million, a 2% rise from the previous month and 33% higher than last year.
Interactive Brokers Client Equity Hits $781.5B
Client equity rose to $781.5 billion, marking a 45% increase year-on-year. Margin loan balances grew to $81.6 billion. Client credit balances totaled $156.5 billion, including $6.3 billion held in insured bank deposit sweeps.
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Retail clients traded U.S. stocks at an average all-in cost of about 2.4 basis points per trade. The data reflects a sustained increase in retail engagement and overall platform activity.
Karta Visa Integrates Brokerage with Spending
Recently, Interactive Brokers introduced the Karta Visa card, integrating its cash management platform with everyday spending. The card connects brokerage accounts to purchases, allowing clients to trade, save, invest, and make payments without transferring funds between accounts.
It is a U.S. dollar card with no foreign transaction fees and includes features such as reward points, airport lounge access, and concierge services. Existing cash management functions, including interest on cash balances and borrowing options, continue to be available.
The card is accessible to eligible clients in several regions with instant virtual issuance via Apple and Google Wallet.
Ask IBKR Provides Real-Time Portfolio Analysis
Interactive Brokers also launched Ask IBKR, an AI-powered tool that provides portfolio insights using natural language queries. The tool allows users to view metrics including performance versus benchmarks, asset allocation, top holdings, dividends, fees, and cash flows.
Ask IBKR extends PortfolioAnalyst with chatbot functionality, offering access to fundamentals, statements, corporate actions, and tax information. It is available through Client Portal, Advisor Portal, and IBKR Desktop, with plans for broader platform availability. The company additionally offers InvestMentor, a microlearning app for beginner investors.