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Wise Platform is excited to announce our latest collaboration with an iconic name in financial services, global electronic broker Interactive Brokers (IBKR). Interactive Brokers is leveraging Wise Platform’s easy-to-use APIs to allow clients a simple and seamless experience when making deposits in their trading accounts across a number of different currencies.
This integration makes global investing easier than ever by allowing clients to save money on transfer fees when investing in their choice of 150 international markets worldwide through a quick and easy service.
Interactive Brokers clients can now also elect to ‘Pay with Wise’, which enables them to convert their local currency to an Interactive Brokers-supported currency at the true mid-market exchange rate, free from hidden fees and markups 一 all without leaving their IBKR platform.
Additionally, clients can transfer directly from balances in their linked Wise accounts. Customers may receive their money in the chosen currency in a matter of seconds — 50% of all transfers globally sent on Wise are instant (arriving in less than 20 seconds)*.
Together, these features help reduce transfer fees and shorten the time clients of Interactive Brokers need to move funds between their bank accounts and their trading accounts.
Steve Naudé, Head of Wise Platform, said:
“Our integration with Interactive Brokers will make investing in global stocks through IBKR’s platform affordable and fast for users all over the world. Customers will be able to see exactly how much they are paying to move their money into different currencies, which means greater peace of mind and a better return on investment. We look forward to continuing to work alongside IBKR to make global investing easier for clients all over the world.”
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said:
“Interactive Brokers serves over two million self-directed investors and active traders in 200+ countries and territories. With the Wise integration, we can offer account funding in more local currencies, enabling greater participation in global markets, diversification of investments, and added protection against local economic uncertainty - all on Interactive Brokers’ single unified platform.”
Wise Platform partners with over 60 banks and businesses worldwide, allowing them to leverage Wise’s technology and embed the best way to send, receive and manage money internationally. Wise’s collaboration with Interactive Brokers is one of its largest to date.
*The speed of transaction claim depends on individual circumstances and may not be available for all transactions
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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