How does one log in, if the electronic card doesn't work? Call IB? The description of a 2nd account seems to be identical. All you get is a 2nd user name & pass code. More to keep track of. Evidently, you can transfer funds with that 2nd account. What's the advantage? marc :eek:
When card fails you call IB, answer security questions and they give you a temporary paper card to log in (much less secure) while you request and wait for a new device. Alternate login: I'm pretty sure you can't transfer funds or do other high-security Account Management functions. It's still a very good thing for emergencies, for partner trading and for running around town with the 3G or 4G device.
P.S. Had to check this before posting ... you also get a second commodities & securities bundle for $10/mo or free if enough commissions ... I don't care about this because I'm spending $30,000/year for data, but I just checked and saw that I've been getting the bundles for both accounts free since I got the second account in December 2012. However you definitely have to pay again for all other data in the alternate account, like market depth and etcetera.
I cannot transfer funds logged into the second account - I just checked. I misspoke when I said "with the same privileges". I never tried to transfer money when I'm traveling so I didn't realize this was the case, but I'm rather glad for that restriction actually.
An ATS logged on under the combined account userid it will get fills & account information for both accounts. If the ATS is designed for one account only this causes problems. I had to create separate users for each account.
Sounds like a good idea to get a second account for on-the-go account access with 4G like someone said. So let me get some things clear with you guys. Someone with individual account with 1 login only. You goto account management and set up a 2nd account. This 2nd account has its own login and password. Then this 2nd account will get mailed a 2nd security device? As for data subscription, does this 2nd account need to re-register and repay data feeds? Can this 2nd account basically 'see' and trade everything the primary account has? What are the limitations of the 2nd account? Is the limitation strictly no account management access?
If you have an individual account, you can create an additional user for yourself or another individual (via an online power of attorney arrangement). An additional user will be assigned a unique user name and password and will receive a security device. As market data subscriptions are session based, additional users will need to subscribe to and the account will be charged for any subscriptions elected. The account owner may control the access rights or permissions of any additional users. Refer to the following User Guide link for instructions on creating an additional user: https://www.interactivebrokers.com/en/software/am/am/manageaccount/usersandaccessrights.htm Refer to the following User Guide link for information regarding the management of access rights for an additional user: https://www.interactivebrokers.com/en/software/am/am/manageaccount/addingauserrole.htm
IB technical support and development group spent days of their time and solved the problem I was having with not being able to login to my account management using the gold card+. Ib's TAC group has been very supportive and helpful during the 14 years I have had an account at IB. I have now cut out a 5/32" thick clear plastic credit card size stiffener to which I attached my gold card+. This has ended the problems I was having with my fingers when touching the back side of the card triggering a string of 4s or other false number entries in the card display window. My card is now stiff and works great when hand held. IB may want to look into such a change in the card thickness for future cards. In addition to the stiffness change, the only thing I see that would increase the card usability is spacing the buttons further apart to cut down on entry errors for old shaky fat fingered users.