Interactive Brokers adds SafetyPay for Latin America deposits

Interactive Brokers Group Inc. has partnered with Paysafe’s SafetyPay to introduce a new funding option for clients in Latin America. This integration enables eligible clients to deposit funds directly from their personal bank accounts using local currencies, streamlining the account funding process before they can access the broker’s trading platform.

Milan Galik, CEO of Interactive Brokers, emphasized that the service aims to simplify the account funding process, allowing clients to trade various assets across more than 170 global markets. SafetyPay offers a straightforward method for Latin American clients to transfer funds from their local bank accounts and quickly access the global markets available through Interactive Brokers.

The company plans to continue adding local funding solutions to enhance the client experience in different regions. Interactive Brokers is a member of the S&P 500 and provides services for securities, commodities, foreign exchange, and prediction markets, catering to individual investors, hedge funds, and financial advisors.

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