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Keith Parsons

Member
25
Posts: 25

Joined: 3/12/2014
Location: Durban, South Africa

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Subject : RE: Use a 2nd IB Userid to trade/monitor your acct
Posted : 4/3/2014 9:52 AM
Post #29667 - In reply to #29666

Hi Brian,
Tks for responding and apologies for not being more clear in my earlier post. I require USER access for the TWS station remote monitoring of my live account which is running OV / IB Gateway on PC1

To Clarify:
1) On PC1 I have OV / TP and IB Gateway.
2) To be able to monitor my account from a different location I need USER access for TWS. For monitoring of my account I have TWS (939.3) loaded onto my laptop.
3) As per Wes advice below I have completed the USER application.

Perhaps I have added to many rights to the USER application. Wes thread on the USER post is below. Perhaps someone could post / email me an IB USER application showing what should / should not be entered. (kparsons@worldonline.co.za)

Other than this issue - my work in learning / understanding OV is going great.

Thank u for the interest and patience. Much appreciated.

Regards,

KEITH PARSONS
________________________________________________

WES POST

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.
Wes

Deleting message 29667 : RE: Use a 2nd IB Userid to trade/monitor your acct


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