IB Secure Device

Quote from siki13:

Maybe IB should restrict those penny stocks and some other trading instrument that is used for pump and dump.
I mean how many of us are trading those things.
Less than 1% of all customers?
For the rest of us that should be disabled by default.
So if you are among this 1% and wants to trade penny stocks you would have to sent some writing
signature document .
Of course enabling this feature over web page account management would
be meaningless because hackers would
then search for a way how to turn it on.
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I had this same idea. These obscure penny stocks SHOULD be disabled by default. I don't even think 1% trade them.
 
As I understand it pk stocks have always been blocked by TWS.

True story.
Question:Can I buy pk stocks in my margin account?
IB answer:Contact our trade desk for help selling your pk stocks.
 
What about the australian companies whose adr's are being delisted from the new york stock exchange because it's too expensive. I now own pink sheet stock for Australia and New Zealand Bank. I could buy on the australian exchange but it's such a small position it's hardly worth paying 37 australian dollars a month for quotes for the exchange plus 6 australian dollars a trade.
 
Quote from mwerbe:

What about the australian companies whose adr's are being delisted from the new york stock exchange because it's too expensive. I now own pink sheet stock for Australia and New Zealand Bank. I could buy on the australian exchange but it's such a small position it's hardly worth paying 37 australian dollars a month for quotes for the exchange plus 6 australian dollars a trade.
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Well, I don't think it's even "that" simple bec the ADRs will need to be converted back to regular shares, and then moved back to Australia.... It's probably better to sell the ADRs here, though you may get a rip off price.

Generally, I am very cautious about non-sponsored ADRs. It's typically better to trade directly in the local market if at all possible. Learned that lesson with Nintendo ages ago.
 
Quote from IB Salvatore:

Because of the increasing frequency of fraudulent activity targeting online financial services providers, Interactive Brokers will be requiring the use of a security device in the near future. This system will be required for both trading (TWS and WebTrader) as well as financial withdrawals.
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Salvatore,

I have successfully opted out of using the security token after receiving it in the mail, for one of my accounts. I have a few accounts -- some personal, some corporate. Because I'm going to be away from home for several weeks, I wanted to pre-emptively opt out for those accounts as well -- i.e., before they were "invited". The reason is that one week after receiving the security token, it becomes required for logging in. If I'm not at home for several weeks, it's possible that I get a token for my other accounts and I'm not at home to "opt out".

However, I was told that I couldn't opt out until I'm invited. Is there a way around this?

Thanks
 
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