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opt out from: Secure Login required for trading


 

I cannot opt out from 2fa for trading in one of my accounts (and my relative has same issue). Note, I am not talking about disabling 2fa altogether, just for trading.

I have several other accounts where logging into tws is happening without 2fa. And that was a simple exercise of
1. making sure that _all_ users are enrolled into 2fa
2. logging as the "main" user and going into settings -> security -> secure login system and then pressing the wheel next to "Secure Login not required for trading" to configure which users to opt out

However for the account where I haven't yet done that I can't seem to be able to set it up. there is simply no wheel next to??"Secure Login not required for trading". The whole line is greyed out

I have made a ticker on the issue and got a response: "new accounts cannot opt out and we are planning to disable optout for existing accounts in the future".?

Anyone has experienced the same (I am from EU)? Is it for real or my ticker just got answered by unexperienced person and the problem is in some other place (happened many times that first answer they give is plain wrong :) )?

I am thinking: how algorithmic trading is going to work? it is a bit of a mess to be constantly present every time you app decided to start trading (or there was some outage and it needed to redo 2fa).

aj

?


 

I think being?forced to use 2FA for logging in to TWS is coming to North America as well.

I use IB through another introducing broker, and they sent an email last week stating that due to a policy change, everyone had to enable 2FA for logging in to TWS.

Maybe if enough people complain IB will reverse course?



On Fri, Jul 29, 2022 at 10:38 AM ajn <andrei.jefremov@...> wrote:

I cannot opt out from 2fa for trading in one of my accounts (and my relative has same issue). Note, I am not talking about disabling 2fa altogether, just for trading.

I have several other accounts where logging into tws is happening without 2fa. And that was a simple exercise of
1. making sure that _all_ users are enrolled into 2fa
2. logging as the "main" user and going into settings -> security -> secure login system and then pressing the wheel next to "Secure Login not required for trading" to configure which users to opt out

However for the account where I haven't yet done that I can't seem to be able to set it up. there is simply no wheel next to??"Secure Login not required for trading". The whole line is greyed out

I have made a ticker on the issue and got a response: "new accounts cannot opt out and we are planning to disable optout for existing accounts in the future".?

Anyone has experienced the same (I am from EU)? Is it for real or my ticker just got answered by unexperienced person and the problem is in some other place (happened many times that first answer they give is plain wrong :) )?

I am thinking: how algorithmic trading is going to work? it is a bit of a mess to be constantly present every time you app decided to start trading (or there was some outage and it needed to redo 2fa).

aj

?


 

Not sure why you even want to opt out of 2FA for login. Remember, we are talking about brokerage accounts with real money and possibly significant balances. Simple password-only authentication is way too vulnerable and 2FA is pretty much the standard all over the WEB even for sites with negligible significance compared to brokerage accounts.

We use 2FA for years and the only impact is that we have to type a few numbers during login once a week when we start TWS. After that, TWS restarts automatically once a day and no password nor 2FA is required. Client applications trade via TWS API without any need for 2FA since that is a login-only activity. You obviously want to make sure the systems that run TWS/IBGW and your client applications have adequate security measures while TWS/IBGW is authenticated with IBKR.

闯ü谤驳别苍

On Fri, Jul 29, 2022 at 09:38 AM, ajn wrote:

I cannot opt out from 2fa for trading in one of my accounts (and my relative has same issue). Note, I am not talking about disabling 2fa altogether, just for trading.


 

开云体育

Jurgen, I totally agree with your assessment about the need for 2FA.?

One question: is your system allowing other users to connect to your backend? If so how do you handle them entering their PW/2FA code securely so your backend can connect to their accounts? There are some robotrading sites that do that and just wonder how it is implemented.?

On Jul 29, 2022, at 8:33 AM, 闯ü谤驳别苍 Reinold via groups.io <TwsApiOnGroupsIo@...> wrote:

?

Not sure why you even want to opt out of 2FA for login. Remember, we are talking about brokerage accounts with real money and possibly significant balances. Simple password-only authentication is way too vulnerable and 2FA is pretty much the standard all over the WEB even for sites with negligible significance compared to brokerage accounts.

We use 2FA for years and the only impact is that we have to type a few numbers during login once a week when we start TWS. After that, TWS restarts automatically once a day and no password nor 2FA is required. Client applications trade via TWS API without any need for 2FA since that is a login-only activity. You obviously want to make sure the systems that run TWS/IBGW and your client applications have adequate security measures while TWS/IBGW is authenticated with IBKR.

闯ü谤驳别苍

On Fri, Jul 29, 2022 at 09:38 AM, ajn wrote:

I cannot opt out from 2fa for trading in one of my accounts (and my relative has same issue). Note, I am not talking about disabling 2fa altogether, just for trading.


 

We don't have a need for "other users" to connect to our back-end and it would probably be quite a challenge to make that secure.

While each TWS/IBGW instance can only log into one account, that can be an "account of accounts" in case the various accounts are linked together. That does not necessarily mean all accounts have to have the same owner. In that case, a single client can trade for all linked accounts by simply adding the relevant account number when placing orders. And during login, 2FA is only required for that "account of accounts".

If the accounts are not linked, individual instances of TWS/IBGW plus client application have to be started. You can automate that with Richard King's IBC and there are several discussions over at /g/ibcalpha/topics how to setup IBC such that 2FA during login takes place on a mobile device that can be far away from where IBC/TWS/IBGW run.

闯ü谤驳别苍

On Fri, Jul 29, 2022 at 11:29 AM, bart decanne.com wrote:

Jurgen, I totally agree with your assessment about the need for 2FA.?
?
One question: is your system allowing other users to connect to your backend? If so how do you handle them entering their PW/2FA code securely so your backend can connect to their accounts? There are some robotrading sites that do that and just wonder how it is implemented.?
?


 

开云体育

Just to add to what 闯ü谤驳别苍 said, you can get IBC from its GitHub repository at:

?

?

Richard

?

From: [email protected] <[email protected]> On Behalf Of 闯ü谤驳别苍 Reinold via groups.io
Sent: 29 July 2022 18:27
To: [email protected]
Subject: Re: [TWS API] opt out from: Secure Login required for trading

?

We don't have a need for "other users" to connect to our back-end and it would probably be quite a challenge to make that secure.

While each TWS/IBGW instance can only log into one account, that can be an "account of accounts" in case the various accounts are linked together. That does not necessarily mean all accounts have to have the same owner. In that case, a single client can trade for all linked accounts by simply adding the relevant account number when placing orders. And during login, 2FA is only required for that "account of accounts".

If the accounts are not linked, individual instances of TWS/IBGW plus client application have to be started. You can automate that with Richard King's IBC and there are several discussions over at /g/ibcalpha/topics how to setup IBC such that 2FA during login takes place on a mobile device that can be far away from where IBC/TWS/IBGW run.

闯ü谤驳别苍

On Fri, Jul 29, 2022 at 11:29 AM, bart decanne.com wrote:

Jurgen, I totally agree with your assessment about the need for 2FA.?

?

One question: is your system allowing other users to connect to your backend? If so how do you handle them entering their PW/2FA code securely so your backend can connect to their accounts? There are some robotrading sites that do that and just wonder how it is implemented.?

?


 

开云体育

Thank you for the info.

There are some websites that claim they can connect to an IB account without PW/2FA, by providing a photoID+IB account#+form signed by the account holder, and then the connection would happen without supplying PW/2FA. eg ?claims this.?
I verified with IB in the past as I was suspicious and IB confirmed they indeed have a ‘backend integration’ with that site (they didn’t say more or how it is done, likely for security purposes). I didn’t understand how this was possible since all IB APIs require the auth, but it might be the ‘account of accounts’ approach you mention.?

Anyone has any insight if IB would add an existing account you don’t own under your master account to allow trading in it by providing this information, likely only for certain ‘approved’ entities?



On Jul 29, 2022, at 10:45 AM, Richard L King via groups.io <rlking@...> wrote:

Just to add to what 闯ü谤驳别苍 said, you can get IBC from its GitHub repository at:
?
?
Richard
?
From:?[email protected]?<[email protected]>?On Behalf Of?闯ü谤驳别苍 Reinold via?
Sent:?29 July 2022 18:27
To:?[email protected]
Subject:?Re: [TWS API] opt out from: Secure Login required for trading
?

We don't have a need for "other users" to connect to our back-end and it would probably be quite a challenge to make that secure.

While each TWS/IBGW instance can only log into one account, that can be an "account of accounts" in case the various accounts are linked together. That does not necessarily mean all accounts have to have the same owner. In that case, a single client can trade for all linked accounts by simply adding the relevant account number when placing orders. And during login, 2FA is only required for that "account of accounts".

If the accounts are not linked, individual instances of TWS/IBGW plus client application have to be started. You can automate that with Richard King's IBC and there are several discussions over at?/g/ibcalpha/topics?how to setup IBC such that 2FA during login takes place on a mobile device that can be far away from where IBC/TWS/IBGW run.

闯ü谤驳别苍

On Fri, Jul 29, 2022 at 11:29 AM, bart??wrote:
Jurgen, I totally agree with your assessment about the need for 2FA.??
?
One question: is your system allowing other users to connect to your backend? If so how do you handle them entering their PW/2FA code securely so your backend can connect to their accounts? There are some robotrading sites that do that and just wonder how it is implemented.?
?



 

IBKR has several standard and custom integration options for institutions and large clients and you can even co-locate your servers with them. Some of the more common options

What you describe very likely does not use TWS API. Maybe they use FIX CTCI or even a much tighter custom integration.

闯ü谤驳别苍

PS Glad to hear you checked with IBKR.


 

开云体育

Yes could be FIX CTCI as that lists in the comparison table it does not need user auth.


On Jul 29, 2022, at 11:11 AM, 闯ü谤驳别苍 Reinold via groups.io <TwsApiOnGroupsIo@...> wrote:

IBKR has several standard and custom integration options for institutions and large clients and you can even co-locate your servers with them. Some of the more common options

What you describe very likely does not use TWS API. Maybe they use FIX CTCI or even a much tighter custom integration.

闯ü谤驳别苍

PS Glad to hear you checked with IBKR.



 

Thanks. Sounds like IB is moving towards 2fa. Guess it is time to bite the bullet. I was just I was hoping IB would do something more algo trading friendly, but of course any solution has pros/cons.?

I am big fan of IBC. Been using it for 3 years, zero issues. One of my commits was even accepted in the code :) I tested over weekend how the latest version is handling 2fa. Very impressive, exactly how I was hoping a 3rd party app. would do it. I am switching 2fa on now with IBC. fingers crossed it will be as stable as without 2fa