PGY stock refers to the stock of Interactive Brokers Group (IBKR), a global brokerage firm located in Greenwich, Connecticut. IBKR runs the biggest electronic trading platform in the US by daily average revenue trades. The company provides trading for stocks, options, futures, forex, bonds, and funds worldwide all in one place.
Low Trading Commissions Attract Active Traders
IBKR appeals to active traders with low trading commissions. On the IBKR Pro plan, stocks and ETF commissions range from $0.0005 to $0.0035 per share. The IBKR Lite plan provides $0 commissions on US stocks and ETFs. These competitive rates make PGY stock attractive for frequent traders. The commissions include the IB SmartRouting system for best trade execution.
Margin Rates Keep Investing Affordable
In addition to low trading fees, IBKR offers industry-leading margin rates starting at 5.83%. This makes it more affordable for investors to leverage their existing capital. The low margin rates likely increase the popularity of PGY stock with margin traders.
Robust Trading Platforms and Tools
Traders choose PGY stock for IBKR’s powerful trading platforms and tools. Available on desktop, mobile and web, these platforms enable complex trades like options and algorithmic trading. Useful tools like Risk Navigator and Advanced Market Scanners assist traders in making informed decisions.
Access to Short Stocks
The transparency around short stock availability makes PGY a top choice for short sellers. The Shortable Instruments tool displays real-time shortable shares across exchanges so traders can find stocks to short.
Trade Fractional Shares
The ability to trade fractional share quantities allows investors to buy PGY stock and other high-priced securities in affordable increments. This feature expands IBKR’s customer base.
Huge Selection of Commission-Free ETFs
With over 150 commission-free ETFs, cost-conscious investors have abundant choices to build diversified portfolios. The waived commissions apply to positions held over 30 days.
Stock Lending Income
Account holders can earn extra income by lending fully-paid shares through IBKR’s Stock Yield Enhancement Program. The demand to borrow shares provides steady lending income.
Access Global Markets
Traders worldwide choose PGY stock for IBKR’s access to global trading markets across asset classes. The ability to trade international stocks and securities from one account is a major benefit.
Robust Research and Fundamentals Data
In-depth research tools like Fundamentals Explorer provide institutional-grade insights on over 30,000 companies. This appeals to fundamental investors interested in PGY stock.
Sustainable Investing Opportunities
Values-based investors are drawn to offerings like the Impact Dashboard which identifies companies aligning with specific causes. PGY stock allows matching investments to personal values.
