Can I trade U.S. Penny Stocks without two-factor authentication?

Access to stocks trading on PINK/OTCBB is only allowed to users which are enrolled in the IBKR Secure Login System (SLS). 

The prerequisite for obtaining the PINK/OTCBB Trading Permissions is that all users with trading access to your account must have (at least) one of the following 2-Factor Authentication devices active:

Once that prerequisite has been satisfied, you can request the "United States (Penny Stocks)" Trading Permissions for your account, from your Client Portal.

Please Note

  • If your account is linked to a Financial Advisor master account, all users on the Financial Advisor master account that have trading access to your account, are required to be protected with a permanent security device.
  • Temporary Code or Temporary Online Security Code Cars are not permanent security devices and hence do not satisfy the user protection prerequisite for PINK/OTCBB Trading Permissions.

Additional Information

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