[IB] asks phone number for authentication

I have experience to transfer 50K from BAC to IBKR with no problem via ACH.

(Absolutely without phone)

It is free while wire cost some fee.
 
jk90029 said:
Dear-

Attached is the photo asking iphone/Android for IB login.

1) Probably customer should leave IB, in case he does NOT use cell. Is it true?
2) Possibly he does not want to release phone number for his phone, even if he uses phone.
3) If other brokers in US asks phone number together, he should leave US stock market? Possibly forever?

Appreciated if anyone shows me relevant explaining link or shows me any law/code/... .

PS) I understand that we should give SSN for opening a new brokerage account.
Should IB customer give phone to IB? Is it under law?

-Jay
More...

OK I agree with other posters that if you want to trade with a brokerage they have the right to get certain details with you. To trade with IB I've had to give them far more personal information to prove I am capable of trading certain things and having a margin account.

Having said that there are multiple ways of getting secure access to IB.

a) until recently I used the simple plastic card - no phone needed. No min or max on balance.
b) there is a fancy device with buttons on, which I now use (digital security card). Again no phone needed. Yes that is only available to certain customers with significant balances (>$500K).
c) or you can use IB key for which you need an app on your phone (I haven't used this). This is NOT available to accounts with more than $1m. You won't need mobile signal to use this once activated - only wifi. If you don't have wifi you can't trade anyway so this is a pointless issue to raise.

More here https://www.interactivebrokers.com/en/index.php?f=ibgStrength&p=log
(as is often the case JK, the answer to your question is available from the IB website if you could only be bothered to look)

Finally don't worry guys, JK isn't working for the competition. He just has a habit of asking dumb questions (if you find that insulting JK then let me know, I'll block you and stop trying to help you, no skin off my nose).

GAT
 
globalarbtrader said:
OK I agree with other posters that if you want to trade with a brokerage they have the right to get certain details with you. To trade with IB I've had to give them far more personal information to prove I am capable of trading certain things and having a margin account.
GAT
More...

Nobody deny providing legal info (personal) such as SSN and address, including me.
I agree those are for possible accident in margin account, similar requirement for opening credit card account.
That is true for most states and countries.

However someone deny/dislike to show "certain detail" such as Fingerprint+AssPhoto+Iris(Eye).
But you may provide those as soon as you willingly provide.

Please accept someone do NOT have fingerprint or cell phone to provide.
If IB asks "No fingerprint no more customer", then I leave too.

Similarly, if Bank or McDonalds asks "No phone no more customer", then I leave too.
The above "if you want to trade with a brokerage they have the right to get certain details with you" may NOT true for Bank/McDonalds.
 
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jk90029 said:
Nobody deny providing legal info (personal) such as SSN and address, including me.
I agree those are for possible accident in margin account, similar requirement for opening credit card account.
That is true for most states and countries.
More...

No it's due to banking regulations

jk90029 said:
However someone deny/dislike to show "certain detail" such as Fingerprint+AssPhoto+Iris(Eye).
More...

You are comparing a photo of your butthole to a phonenumber?

jk90029 said:
McDonalds asks "No phone no more customer", then I leave too.
More...

You are comparing McDonalds with a bank/brokerage firm?

Conclusion.... you're an idiot....
 
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