All these security devices are still susceptible to being hacked, although for limited periods and only by a very determined hacker. This is why IB can make you wait upto 72 hours if want to change your banking instructions even if you login with the device. However they are still better than only using a password for security.
That's not how it works. You log in normally, then as one extra step, keypunch in the eight digit code provided by the device. Quite simple, actually.
Huh? That is what IB uses; 1. User name 2. Password (can be lengthy w/numbers and characters) 3. Passcode from the device.
THa device is a dongle for software developers to prevent bootleg copies being used. Otherwise, in addition to not being able to use it on a handheld or phone,suppose you're out of the country at an Internet Cafe, they may not have an USB port offered.
This is a truly HEARTLESS post. I'm sure IB has a job for you in Tech Support. I have had at least 5 friends is wheelchairs, etc over the last few years... For whom it would be completely impossible to use any of these IB devices. Anyone sick or disabled would have years to develop trading systems they can use... That would not be subject to artificial 15 second deadlines invented by 26 year old programmers... So that comment of yours is especially, spectacularly stupid. The OPT OUT letter is full of catch 22s... It's extremely threatening... Where IB says they will not reimburse you for any fraudulent losses however caused. Since IB gives one no reasonable alternative to the Security Devices... And these devices DISCRMINATE against handicapped people... (Just like you, Old Trader)... They are clearly illegal in Canada... And this type of thing is taken VERY seriously here in Socialist Paradise. It would probably take one letter to the Human Rights Commission... For IB to be hauled out onto the carpet... And be forced to change their Draconian behavior.
Would these wheelchair people be unable to use the passcode card that IB has made available? It requires no special skills except the ability to read. You seem to be unaware of it based on your remarks above. Jack
If you put a USB device into a computer and that computer is hacked, then the security is just pointless. Those USB security devices are mainly used to enforce software licensing. The good thing about the devices they use is that they are totally independent of any computer. I'm surprised that everyone thinks they are smarter than the folks at IB. I'm all for a large-button and large-screen version for disabled folks. The credit-card sized one doesn't look too bad though on the webpage. Seems like if you could read and trade on the computer you could use it.
that particular USB device protects against piracy and won't serve the purpose we need. what you need is a USB device that is uniquely coded for your account not for your installation of TWS. you would not be able to log on without the device. but you can use it with any installation of TWS. the USB device i described is the best, most convenient solution for those who trade manually through their computer. the current token solution is the most versatile (it works with phones) but one of the least convenient.
The device I received from IB doesn't require any standing or walking. In fact, I think 99.99999% of its usage would occur while sitting... and it works with any kind of chair, bench, pew, wheelchair, hassock, stool, lawn chair, etc., etc., etc.