digital security ID

Secure Transaction Program (STP)In order to prevent fraudulent withdrawal activity, IB offers a free identity token to all customers with over $100,000 (or USD equivalent) in equity. This identity token will generate one time use passwords that will be required for each and every cash withdrawal or change in the account email address of record. Accounts with multiple users will receive an identity token for each registered financial user. Customers without the identity token will be limited to a maximum withdrawal of $100,000 per business day (or USD equivalent).

http://www.interactivebrokers.com/en/accounts/secureTransactionProgram.php

So that can be used only for cash withdrawal or change in the account email address of record?
Still not perfectly safety.
 
Quote from kelly55:
Why dont they make that for login password?
If anyboey login to your account, and he/she will trade using your money!
Totally agree. I like the idea of having the security device but I don't understand the reasoning behind only using it for withdrawals >100k. Bloomberg uses these tokens for the logon and it works well.

Suss
 
Back
Top