digital security ID

Discussion in 'Retail Brokers' started by kelly55, Sep 13, 2006.

  1. kelly55

    kelly55

    Which broker have digital security ID same as etrade?
     
  2. kelly55

    kelly55

  3. ids

    ids Interactive Brokers

  4. ids

    ids Interactive Brokers

  5. kelly55

    kelly55

    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.
     
  6. kelly55

    kelly55

    Why dont they make that for login password?
    If anyboey login to your account, and he/she will trade using your money!
     
  7. 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