Wes Smith Veteran   Posts: 199 Joined: 10/11/2012 Location: Ontario,Canada  User Profile | IB only allows a user to be logged in at the same time. This is a problem if you want to monitor your account from a different location and are already logged in with the Trade Processor. The solution is to create a 2nd userid via IB Account Management web application under the "Manage account"/"User Rights" menu. I'm not going to detail how to do this, as it's pretty straight fwd. In IB's view .. A user is a fully separate 3rd party from yourself. People would use this function to grant another person access to your account.. for example an advisor or spouse or 'Trade Processor'. You fill out forms online to define the user/password, determine which rights it has (for example .. Trading only without the ability to withdraw/add funds), etc. Since this 3rd party is a 'trading' user, IB will require you to complete a trading authorization form. It's pretty painless. Just fill it out, fax or scan/email it back to them. So now .. you can use your 2nd userid with IB-Gateway and TP.. and monitor your account via Web or the full TWS app. Downsides... Market Data subscriptions are per user and may have a cost depending on what you subscribe to. It's not a big deal for OV/TP users. These systems trade a lot and will easily cover the minimum commissions to qualify for the US free data bundle. | |
