Interactive Brokers - Revision history

YoshiRulz: /* Third Party Biometrics with Au10tix */ Remove extraneous empty template argument

2026-03-17T11:51:52Z

Third Party Biometrics with Au10tix: Remove extraneous empty template argument

← Older revision		Revision as of 11:51, 17 March 2026
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	====Third Party Biometrics with Au10tix====		====Third Party Biometrics with Au10tix====
	During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live ~~\|archive-date=~~ \|access-date=2025-10-13 \|website=Au10tix \|archive-url=http://web.archive.org/web/20251127091042/https://www.au10tix.com/legal/biometric-data-policy/ \|archive-date=27 Nov 2025}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.		During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live \|access-date=2025-10-13 \|website=Au10tix \|archive-url=http://web.archive.org/web/20251127091042/https://www.au10tix.com/legal/biometric-data-policy/ \|archive-date=27 Nov 2025}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.

	==References==		==References==
	<references />		<references />
	[[Category:Interactive Brokers]]		[[Category:Interactive Brokers]]

Bananabot: Added archive URLs for 1 citation(s) using CRWCitationBot

2026-02-23T12:29:03Z

Added archive URLs for 1 citation(s) using CRWCitationBot

← Older revision		Revision as of 12:29, 23 February 2026
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	====Deceptive MFA options====		====Deceptive MFA options====
	Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides \|archive-url=http://web.archive.org/web/20260207202720/https://ibkrguides.com/securelogin/sls/twofactorauth.htm \|archive-date=7 Feb 2026}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services]] (GMS)) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>		Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides \|archive-url=http://web.archive.org/web/20260207202720/https://ibkrguides.com/securelogin/sls/twofactorauth.htm \|archive-date=7 Feb 2026}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services]] (GMS)) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides \|archive-url=http://web.archive.org/web/20251124152231/https://ibkrguides.com/securelogin/sls/ibkrmobile.htm \|archive-date=24 Nov 2025}}</ref>

	While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]		While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]

Bananabot: Added archive URLs for 8 citation(s) using CRWCitationBot

2026-02-23T05:38:09Z

Added archive URLs for 8 citation(s) using CRWCitationBot

Bythmusters: testing to see if this leading linebreak is coming from the gap between template and text or is within the template

2026-01-25T14:17:38Z

testing to see if this leading linebreak is coming from the gap between template and text or is within the template

← Older revision		Revision as of 14:17, 25 January 2026
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	\|Type=Public		\|Type=Public
	\|Website=https://interactivebrokers.com		\|Website=https://interactivebrokers.com
	}}		}}'''[[Wikipedia:Interactive Brokers\|Interactive Brokers, Inc.]]''' (IB) is an American multinational firm that provides brokerage and financial services. The company operates under various names and legal structures across different jurisdictions, such as '''Interactive Brokers Hong Kong Limited''', and specializes in distinct lines of business, including '''Interactive Brokers, LLC''' for futures markets.
	'''[[Wikipedia:Interactive Brokers\|Interactive Brokers, Inc.]]''' (IB) is an American multinational firm that provides brokerage and financial services. The company operates under various names and legal structures across different jurisdictions, such as '''Interactive Brokers Hong Kong Limited''', and specializes in distinct lines of business, including '''Interactive Brokers, LLC''' for futures markets.

	IB connects its customers to a wide range of financial markets, including futures markets based in the United States.		IB connects its customers to a wide range of financial markets, including futures markets based in the United States.

Bythmusters: Copied info from infobox to cargo

2026-01-25T14:16:13Z

Copied info from infobox to cargo

← Older revision		Revision as of 14:16, 25 January 2026
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	{{Incomplete}}		{{Incomplete}}
			{{CompanyCargo
	{{~~InfoboxCompany~~		\|Description=
	~~\| Name = Interactive Brokers~~		\|Founded=1978
	\| ~~Type~~ = ~~Public~~		\|Industry=Financial
	\| Founded = 1978		\|Logo=Interactive Brokers.png
	\| Industry = Financial		\|ParentCompany=
	\| ~~Official~~ Website = https://interactivebrokers.com		\|Type=Public
	~~\| Logo = Interactive Brokers.png~~		\|Website=https://interactivebrokers.com
	}}		}}

	'''[[Wikipedia:Interactive Brokers\|Interactive Brokers, Inc.]]''' (IB) is an American multinational firm that provides brokerage and financial services. The company operates under various names and legal structures across different jurisdictions, such as '''Interactive Brokers Hong Kong Limited''', and specializes in distinct lines of business, including '''Interactive Brokers, LLC''' for futures markets.		'''[[Wikipedia:Interactive Brokers\|Interactive Brokers, Inc.]]''' (IB) is an American multinational firm that provides brokerage and financial services. The company operates under various names and legal structures across different jurisdictions, such as '''Interactive Brokers Hong Kong Limited''', and specializes in distinct lines of business, including '''Interactive Brokers, LLC''' for futures markets.

Rudxain: make "GMS" Style-Guide-compliant

2025-11-11T07:22:19Z

make "GMS" Style-Guide-compliant

← Older revision		Revision as of 07:22, 11 November 2025
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	====Deceptive MFA options====		====Deceptive MFA options====
	Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services~~\|GMS~~]]) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>		Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services]] (GMS)) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>

	While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]		While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]

Rudxain: link to wp:Play-Services; mention GMS

2025-11-11T06:01:30Z

link to wp:Play-Services; mention GMS

← Older revision		Revision as of 06:01, 11 November 2025
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	====Deceptive MFA options====		====Deceptive MFA options====
	Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support Google Play Services or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>		Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services\|GMS]]) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>

	While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]		While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]

Justanotherclippy: Updated information on MFA options, including a workaround.

2025-10-16T03:32:24Z

Updated information on MFA options, including a workaround.

← Older revision		Revision as of 03:32, 16 October 2025
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	Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.		Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.

	=== Two-factor Authentication & Biometrics ===		===Two-factor Authentication & Biometrics===

	==== ~~Extremely limited and deceptive~~ MFA options. ====		====Deceptive MFA options====
	Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide ~~an OTP~~ challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support Google Play Services or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>		Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support Google Play Services or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>

	==== Third Party Biometrics with Au10tix. ====		While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]

			====Third Party Biometrics with Au10tix====
	During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live \|archive-date= \|access-date=2025-10-13 \|website=Au10tix}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.		During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live \|archive-date= \|access-date=2025-10-13 \|website=Au10tix}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.

Justanotherclippy: Added information pertaining to Two-Factor Authentication practices and Biometric Data Collection

2025-10-13T14:01:59Z

Added information pertaining to Two-Factor Authentication practices and Biometric Data Collection

← Older revision		Revision as of 14:01, 13 October 2025
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	Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.		Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.

			=== Two-factor Authentication & Biometrics ===

			==== Extremely limited and deceptive MFA options. ====
			Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide an OTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support Google Play Services or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>

			==== Third Party Biometrics with Au10tix. ====
			During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live \|archive-date= \|access-date=2025-10-13 \|website=Au10tix}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.

	==References==		==References==
	<references />		<references />
	[[Category:Interactive Brokers]]		[[Category:Interactive Brokers]]

AnotherConsumerRightsPerson: Changed formatting.

2025-09-11T06:33:08Z

Changed formatting.

← Older revision		Revision as of 05:38, 23 February 2026
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	IB customers can request trading permissions to access futures markets based in the United States. The process for obtaining these permissions can be completed through IB's public-facing customer portal. Customers must log in, navigate to the appropriate settings, review the provided documentation, and complete a web form to electronically 'sign' the agreement. When selecting futures trading permissions, customers will encounter a '''Futures Arbitration Agreement''' among the documents they are required to acknowledge.		IB customers can request trading permissions to access futures markets based in the United States. The process for obtaining these permissions can be completed through IB's public-facing customer portal. Customers must log in, navigate to the appropriate settings, review the provided documentation, and complete a web form to electronically 'sign' the agreement. When selecting futures trading permissions, customers will encounter a '''Futures Arbitration Agreement''' among the documents they are required to acknowledge.

	The agreement may include text such as:<blockquote>You need not sign this agreement to open or maintain an account with IB. See 17 CFR 166.5</blockquote>Note that as of 2015-01-15, the text of 17 CFR 166.5 includes paragraph (c)(1):<ref>https://www.ecfr.gov/current/title-17/chapter-I/part-166/section-166.5</ref><blockquote>Signing the agreement must not be made a condition for the customer to utilize the services offered by the Commission registrant.</blockquote>and portions of paragraph (c)(2):<blockquote>If the agreement is contained as a clause or clauses of a broader agreement, the customer must separately endorse the clause or clauses containing the cautionary language and provisions specified in this section.</blockquote>However, IB's online trading-permission web form does not allow customers to separately endorse the 'cautionary language and provisions' from the 'settlement procedure' (e.g., the Futures Arbitration Agreement).		The agreement may include text such as:<blockquote>You need not sign this agreement to open or maintain an account with IB. See 17 CFR 166.5</blockquote>Note that as of 2015-01-15, the text of 17 CFR 166.5 includes paragraph (c)(1):<ref>https://www.ecfr.gov/current/title-17/chapter-I/part-166/section-166.5 ([http://web.archive.org/web/20250208184510/https://www.ecfr.gov/current/title-17/chapter-I/part-166/section-166.5 Archived])</ref><blockquote>Signing the agreement must not be made a condition for the customer to utilize the services offered by the Commission registrant.</blockquote>and portions of paragraph (c)(2):<blockquote>If the agreement is contained as a clause or clauses of a broader agreement, the customer must separately endorse the clause or clauses containing the cautionary language and provisions specified in this section.</blockquote>However, IB's online trading-permission web form does not allow customers to separately endorse the 'cautionary language and provisions' from the 'settlement procedure' (e.g., the Futures Arbitration Agreement).

	As a result, applicable IB customers may not realize that they can open futures transactions without agreeing to the Futures Arbitration Agreement. They may also be unaware that IB's systems impose a 1-contract trading restriction on accounts that do not agree to the agreement. Furthermore, customers may not recognize that this behavior by IB's systems conflicts with 17 CFR 166.5(c)(1), which they might have believed would protect them from such restrictions.		As a result, applicable IB customers may not realize that they can open futures transactions without agreeing to the Futures Arbitration Agreement. They may also be unaware that IB's systems impose a 1-contract trading restriction on accounts that do not agree to the agreement. Furthermore, customers may not recognize that this behavior by IB's systems conflicts with 17 CFR 166.5(c)(1), which they might have believed would protect them from such restrictions.

	====Interest rates charged====		====Interest rates charged====
	IB may be charging customers interest rates that exceed the maximum allowable rates set by statutory laws in certain U.S. jurisdictions. For example, the 2024 Maryland Code, Commercial Law § 12-102, specifies a maximum interest rate of 6% per annum.<ref>https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/</ref> However, IB does not explicitly state that it limits its interest rates to 6% for customers residing in Maryland.		IB may be charging customers interest rates that exceed the maximum allowable rates set by statutory laws in certain U.S. jurisdictions. For example, the 2024 Maryland Code, Commercial Law § 12-102, specifies a maximum interest rate of 6% per annum.<ref>https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/ ([http://web.archive.org/web/20250708180921/https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/ Archived])</ref> However, IB does not explicitly state that it limits its interest rates to 6% for customers residing in Maryland.

	It is worth noting that other brokerage firms publicly advertise significantly higher (and less favorable) interest rates to their customers, which may provide context for IB's practices. Nonetheless, the lack of clarity regarding compliance with state-specific interest rate laws raises questions about transparency and adherence to legal requirements.<ref>https://www.interactivebrokers.com/en/index.php?f=44427</ref>		It is worth noting that other brokerage firms publicly advertise significantly higher (and less favorable) interest rates to their customers, which may provide context for IB's practices. Nonetheless, the lack of clarity regarding compliance with state-specific interest rate laws raises questions about transparency and adherence to legal requirements.<ref>https://www.interactivebrokers.com/en/index.php?f=44427 ([http://web.archive.org/web/20251129221039/https://www.interactivebrokers.com/en/index.php?f=44427 Archived])</ref>

	===Public sphere===		===Public sphere===
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	====Commodity Futures Trading Commission (CFTC) action====		====Commodity Futures Trading Commission (CFTC) action====

	On September 28, 2021, the U.S. [[Commodity Futures Trading Commission]] (CFTC) issued a press release announcing that it had settled charges against Interactive Brokers, LLC. The settlement included a $1.75 million fine and $82.57 million in customer restitution for the following violation:<ref>https://www.cftc.gov/PressRoom/PressReleases/8432-21</ref><blockquote>Failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020, in violation of CFTC Regulation 166.3.</blockquote>On April 20, 2020, the May 2020 West Texas Intermediate (WTI) crude oil futures contract, traded on the NYMEX exchange, settled at negative prices. The CFTC alleges that when a futures commission merchant, such as Interactive Brokers, LLC, operates systems incapable of accurately reflecting actual market prices, customers may suffer harm.		On September 28, 2021, the U.S. [[Commodity Futures Trading Commission]] (CFTC) issued a press release announcing that it had settled charges against Interactive Brokers, LLC. The settlement included a $1.75 million fine and $82.57 million in customer restitution for the following violation:<ref>https://www.cftc.gov/PressRoom/PressReleases/8432-21 ([http://web.archive.org/web/20250731232208/https://www.cftc.gov/PressRoom/PressReleases/8432-21 Archived])</ref><blockquote>Failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020, in violation of CFTC Regulation 166.3.</blockquote>On April 20, 2020, the May 2020 West Texas Intermediate (WTI) crude oil futures contract, traded on the NYMEX exchange, settled at negative prices. The CFTC alleges that when a futures commission merchant, such as Interactive Brokers, LLC, operates systems incapable of accurately reflecting actual market prices, customers may suffer harm.

	It remains unclear whether the CFTC or any other regulator has required Interactive Brokers, LLC, to update its systems to a specific performance standard to prevent customers from being exposed to potential harm from similar incidents in the future.		It remains unclear whether the CFTC or any other regulator has required Interactive Brokers, LLC, to update its systems to a specific performance standard to prevent customers from being exposed to potential harm from similar incidents in the future.

	====January 2021 customer trading restrictions====		====January 2021 customer trading restrictions====
	On January 28, 2021, Interactive Brokers restricted customer trading in certain securities with heightened stock volatility, including GameStop, AMC Entertainment, and Koss. Specifically, the company prevented customers from opening new options positions.<ref>https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html</ref> Interactive Brokers' chairman, Thomas Peterffy, stated in an interview with CNBC that the decision was made independently by the company and not due to external pressure, including from parties who might have financially benefited from disrupted order flow. CNBC also noted that the brokerage [[Robinhood]] had imposed similar trading restrictions on the same day.<ref>https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html</ref>		On January 28, 2021, Interactive Brokers restricted customer trading in certain securities with heightened stock volatility, including GameStop, AMC Entertainment, and Koss. Specifically, the company prevented customers from opening new options positions.<ref>https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html ([http://web.archive.org/web/20250919085011/https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html Archived])</ref> Interactive Brokers' chairman, Thomas Peterffy, stated in an interview with CNBC that the decision was made independently by the company and not due to external pressure, including from parties who might have financially benefited from disrupted order flow. CNBC also noted that the brokerage [[Robinhood]] had imposed similar trading restrictions on the same day.<ref>https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html ([http://web.archive.org/web/20260222215247/https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html Archived])</ref>

	Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.		Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.
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	====Deceptive MFA options====		====Deceptive MFA options====
	Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services]] (GMS)) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>		Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web \|date=2025-08-07 \|title=Two-Factor Authentication Methods \|url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides \|archive-url=http://web.archive.org/web/20260207202720/https://ibkrguides.com/securelogin/sls/twofactorauth.htm \|archive-date=7 Feb 2026}}</ref> They heavily push for the use of their application: IBKR Mobile to provide a TOTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support [[wikipedia:Google_Play_Services\|Google Play Services]] (or [[Google Mobile Services]] (GMS)) or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web \|date=2025-08-07 \|title=IBKR Mobile - IB Key Authentication \|url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm \|url-status=live \|access-date=2025-10-13 \|website=IBKR Guides}}</ref>

	While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]		While no information is provided by Interactive Brokers' on their website on how to set up a 3rd Party TOTP Authenticator, it is possible to obtain a secret key by navigating through Settings > Security: Secure Login System > Mobile Authenticator and copying the secret key above the QR code into your Authenticator such as [https://keepassxc.org/docs/KeePassXC_UserGuide#_adding_totp_to_an_entry KeepassXC] or the [https://authenticator.cc/ Authenticator Browser Extension]

	====Third Party Biometrics with Au10tix====		====Third Party Biometrics with Au10tix====
	During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live \|archive-date= \|access-date=2025-10-13 \|website=Au10tix}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.		During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web \|date=2025-10-13 \|title=Au10tix - Biometric Data Policy \|url=https://www.au10tix.com/legal/biometric-data-policy/ \|url-status=live \|archive-date= \|access-date=2025-10-13 \|website=Au10tix \|archive-url=http://web.archive.org/web/20251127091042/https://www.au10tix.com/legal/biometric-data-policy/ \|archive-date=27 Nov 2025}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.

	==References==		==References==
	<references />		<references />
	[[Category:Interactive Brokers]]		[[Category:Interactive Brokers]]

← Older revision		Revision as of 06:33, 11 September 2025
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	IB connects its customers to a wide range of financial markets, including futures markets based in the United States.		IB connects its customers to a wide range of financial markets, including futures markets based in the United States.

	==Select business and consumer practices==		===Select business and consumer practices===

	===Arbitration agreements===		====Arbitration agreements====
	IB customers can request trading permissions to access futures markets based in the United States. The process for obtaining these permissions can be completed through IB's public-facing customer portal. Customers must log in, navigate to the appropriate settings, review the provided documentation, and complete a web form to electronically 'sign' the agreement. When selecting futures trading permissions, customers will encounter a '''Futures Arbitration Agreement''' among the documents they are required to acknowledge.		IB customers can request trading permissions to access futures markets based in the United States. The process for obtaining these permissions can be completed through IB's public-facing customer portal. Customers must log in, navigate to the appropriate settings, review the provided documentation, and complete a web form to electronically 'sign' the agreement. When selecting futures trading permissions, customers will encounter a '''Futures Arbitration Agreement''' among the documents they are required to acknowledge.

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	As a result, applicable IB customers may not realize that they can open futures transactions without agreeing to the Futures Arbitration Agreement. They may also be unaware that IB's systems impose a 1-contract trading restriction on accounts that do not agree to the agreement. Furthermore, customers may not recognize that this behavior by IB's systems conflicts with 17 CFR 166.5(c)(1), which they might have believed would protect them from such restrictions.		As a result, applicable IB customers may not realize that they can open futures transactions without agreeing to the Futures Arbitration Agreement. They may also be unaware that IB's systems impose a 1-contract trading restriction on accounts that do not agree to the agreement. Furthermore, customers may not recognize that this behavior by IB's systems conflicts with 17 CFR 166.5(c)(1), which they might have believed would protect them from such restrictions.

	===Interest rates charged===		====Interest rates charged====
	IB may be charging customers interest rates that exceed the maximum allowable rates set by statutory laws in certain U.S. jurisdictions. For example, the 2024 Maryland Code, Commercial Law § 12-102, specifies a maximum interest rate of 6% per annum.<ref>https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/</ref> However, IB does not explicitly state that it limits its interest rates to 6% for customers residing in Maryland.		IB may be charging customers interest rates that exceed the maximum allowable rates set by statutory laws in certain U.S. jurisdictions. For example, the 2024 Maryland Code, Commercial Law § 12-102, specifies a maximum interest rate of 6% per annum.<ref>https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/</ref> However, IB does not explicitly state that it limits its interest rates to 6% for customers residing in Maryland.

	It is worth noting that other brokerage firms publicly advertise significantly higher (and less favorable) interest rates to their customers, which may provide context for IB's practices. Nonetheless, the lack of clarity regarding compliance with state-specific interest rate laws raises questions about transparency and adherence to legal requirements.<ref>https://www.interactivebrokers.com/en/index.php?f=44427</ref>		It is worth noting that other brokerage firms publicly advertise significantly higher (and less favorable) interest rates to their customers, which may provide context for IB's practices. Nonetheless, the lack of clarity regarding compliance with state-specific interest rate laws raises questions about transparency and adherence to legal requirements.<ref>https://www.interactivebrokers.com/en/index.php?f=44427</ref>

	==Public sphere==		===Public sphere===

	===Commodity Futures Trading Commission (CFTC) action===		====Commodity Futures Trading Commission (CFTC) action====

	On September 28, 2021, the U.S. [[Commodity Futures Trading Commission]] (CFTC) issued a press release announcing that it had settled charges against Interactive Brokers, LLC. The settlement included a $1.75 million fine and $82.57 million in customer restitution for the following violation:<ref>https://www.cftc.gov/PressRoom/PressReleases/8432-21</ref><blockquote>Failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020, in violation of CFTC Regulation 166.3.</blockquote>On April 20, 2020, the May 2020 West Texas Intermediate (WTI) crude oil futures contract, traded on the NYMEX exchange, settled at negative prices. The CFTC alleges that when a futures commission merchant, such as Interactive Brokers, LLC, operates systems incapable of accurately reflecting actual market prices, customers may suffer harm.		On September 28, 2021, the U.S. [[Commodity Futures Trading Commission]] (CFTC) issued a press release announcing that it had settled charges against Interactive Brokers, LLC. The settlement included a $1.75 million fine and $82.57 million in customer restitution for the following violation:<ref>https://www.cftc.gov/PressRoom/PressReleases/8432-21</ref><blockquote>Failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020, in violation of CFTC Regulation 166.3.</blockquote>On April 20, 2020, the May 2020 West Texas Intermediate (WTI) crude oil futures contract, traded on the NYMEX exchange, settled at negative prices. The CFTC alleges that when a futures commission merchant, such as Interactive Brokers, LLC, operates systems incapable of accurately reflecting actual market prices, customers may suffer harm.
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	It remains unclear whether the CFTC or any other regulator has required Interactive Brokers, LLC, to update its systems to a specific performance standard to prevent customers from being exposed to potential harm from similar incidents in the future.		It remains unclear whether the CFTC or any other regulator has required Interactive Brokers, LLC, to update its systems to a specific performance standard to prevent customers from being exposed to potential harm from similar incidents in the future.

	===January 2021 customer trading restrictions===		====January 2021 customer trading restrictions====
	On January 28, 2021, Interactive Brokers restricted customer trading in certain securities with heightened stock volatility, including GameStop, AMC Entertainment, and Koss. Specifically, the company prevented customers from opening new options positions.<ref>https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html</ref> Interactive Brokers' chairman, Thomas Peterffy, stated in an interview with CNBC that the decision was made independently by the company and not due to external pressure, including from parties who might have financially benefited from disrupted order flow. CNBC also noted that the brokerage [[Robinhood]] had imposed similar trading restrictions on the same day.<ref>https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html</ref>		On January 28, 2021, Interactive Brokers restricted customer trading in certain securities with heightened stock volatility, including GameStop, AMC Entertainment, and Koss. Specifically, the company prevented customers from opening new options positions.<ref>https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html</ref> Interactive Brokers' chairman, Thomas Peterffy, stated in an interview with CNBC that the decision was made independently by the company and not due to external pressure, including from parties who might have financially benefited from disrupted order flow. CNBC also noted that the brokerage [[Robinhood]] had imposed similar trading restrictions on the same day.<ref>https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html</ref>