How safe is share trading apps?
How safe is share trading apps?
This will depend on the broker itself. Full-fledged stockbrokers are registered with SEBI and there is almost nil chance that they will commit fraud. I will suggest you big brokers who have lakhs of clients like Zerodha, ICICI Direct, Kotak and others. There are also shady forex trading apps and binary trading apps and there is a good chance they might run away with your money. Hence, stay away from them.
India has a large number of online trading apps if you desire to trade through one. Online share trading apps are made with security and safety in mind, covering every area of trading activity. There are encrypted firewalls that protect financial information from fraud and secure transactions. Some of the top stock market apps have become wonderful platforms for investors to trade in the stock markets due to the quick spread of smartphones and the accessibility of inexpensive data plans. Every stock broker has its own trading app, and they regularly update its features to qualify as India's top trading app. However, the IIFL Market app is the greatest in every regard and has the added advantage of protecting the clients' money and personal information.