TOGGLE AI, IBKR Start Initiative To Lower Trading Costs For Users

TOGGLE AI announced an initiative that enables customers to trade for free using Interactive Brokers Group Inc IBKR.

IBKR clients who use TOGGLE AI will receive a reimbursement for their trading fees each month, as well as special pricing for options contracts, limited to the dollar value of a user's TOGGLE AI subscription.

"For nearly four decades, retail investors have been strong-armed into accepting opaque pricing structures and bloated fees from most brokerages," said TOGGLE AI co-founder and CEO Jan Szilagyi.

"Combining TOGGLE’s cutting-edge technology with Interactive Broker’s innovative commission structure will be transformative for investors who expect more from their brokerages. My hope is that collaboration will push the industry as a whole to offer transparent pricing structures – and more affordable fees."