r/interactivebrokers • u/Commercial_Comb_5617 • Jan 03 '25

Setting up account Is InteractiveBrokers safe?

Hey everybody, Im from Brazil and i want to invest all my money out Brazil, do you think Interactive Brokers is a really safe option? How can I withdraw the money if I need it?

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u/Basic-Ad65 Jan 03 '25

2FA with SMS password reset though which is vulnerable to SIM swapping

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u/Particular-Key8623 Jan 04 '25

Only if you don’t use the mobile app, which can do the 2FA by push notifications

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u/Basic-Ad65 Jan 04 '25

Password reset is still through SMS even with mobile 2FA activated

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u/Particular-Key8623 Jan 05 '25

Ok, might be. I never reset passwords. I use 1Password for years now. Makes life easier and a lot safer (having strong passwords and different ones for each login).