If you, the IB customer, think that IB should offer you the âFraud Protection Guaranteeâ like many other on-line brokerage firms already offer to their customers, you may vote at IBâs Features Poll, under âAccount Managementâ, Poll ID # 2396. http://www.interactivebrokers.com/en/general/poll/poll.php?ib_entity=llc Thanks, Nick
While your at it, can you add another poll question stating "Should IB raise fees so they can set aside the cash needed to offer the fraud protection you are seeking?" I'm being sarcastic but in essence, that is what you are asking.
LOL, classic! IB is like the no-frills other car rental company in the Hertz commercials. You want a map with your rental car? What do we look like, Hertz? IB customers - no fraud protection for you and no soup!
def just curious how much stock in ib you have before it goes public? i'm assuming you have at least 50k shares under $1 and will make at least $1 mil on the open?
you are asking for blanket fraud protection, i'm just saying the firms offering it do so as they have much higher margins - not just on trading fees but on other profit centers such as interest. your analogy on the no-frills is so off base. where should I start - perhaps with the free professional platform we offer. if our clients (and us) put the appropriate security measures in place, guaranteed fraud protection isn't much of an issue. however, asking us to reimburse you if you leave the keys in the car would have to come at a significant cost.
First of all I am not asking for blanket fraud protection - I'm glad you aren't doing the fraud protection. Why should I pay because other people can't secure their environment? But IB customer-service is no frills...don't be so defensive, no-frills isnt bad, it is what it is.
I agree with "def" on this issue. I prefer to keep the expenses down provided the best features in account security and trading access are kept up to date. IB and IB's customers need to both do their part. Catoosa
This is a completely naive and irresponsible statement. It is not possible for a non-engineer to "secure" a computer network. Even an engineer... Could not positively "secure" a network against a determined, targeted attack. IB has 500 employees... Of whom probably 50 have access to all your passwords. How am I supposed to "secure" my network from "rogue" employees. If fraud does take place... It will be completely impossible for the Customer to determine what happened... And may well be impossible for IB to determine... even if they bother. That is why responsible businesses get insurance. IB has a net profit of $700 million annually with margins >>>> 50%. It is the only broker I have ever encountered that is not 3rd party insured. The argument... Against allocating perhaps 2% of that obscene profit for insurance... As an unnecessary "frill" is absurd.
So this link is a lie???? http://www.interactivebrokers.com/en/accounts/accountProtection.php?ib_entity=llc And all this time I though Lloyds of London was a 3RD Party Oh no, my world is over... Guess I'll run back to etrade.... 2nd a non engineer can secure HIS ENVIRONMENT. I beleive those wer ethe exact words used.... If you wanna leave your computer open for any passerby to log in and do destruction..... YOUR FAULT!!!!! And for the educated.... here is a quote from etrades fraud protection promise... That last part (if we determine) is wide open for interpretation..... And if you provide... Now how do you prove you didnt provide???? Sorry to re-quote the other guy..... Perhaps the if's were overlooked.