Comment on Mandatory TOTP for illiquid risky contracts

Matti commented on 10 Jun 2020, 10:31 AM

The email way of allowing trading is slow and not scalable. If there are a lot of requests in a single day, you’d have to wait longer. Now, you just need to set up TOTP once and enter the OTP only when you are logging in. After that, you can trade without any additional steps.

Also, TOTP may soon be made mandatory by the regulator for all accounts, and all brokers will have to implement this.

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