A lot of people have asked, “Are stock trading apps safe?” – and the answer is a resounding “yes”. While it’s true that some of these apps are scams, most of the ones that are legitimate use advanced encryption and other measures to keep your account and funds secure. The best stock trading apps use a secure program known as Plaid to protect your bank account and prevent unauthorized withdrawals. It is important to choose your investment apps wisely, as choosing the wrong platform can lead to identity theft or fraud.
A good stock trading app will tie into a brokerage. It will not have a separate account but will have a low fee for trading. Look for a brokerage with low or no trading fees. Some even offer zero-fee services. These apps may include market news, technical analysis, live chat rooms, and recorded educational classes to further educate you about stock trading. However, keep in mind that not all stock trading apps are completely safe.
E*TRADE’s app is user-friendly and easy to navigate, and provides the basic features you’ll need. The Power E*TRADE app features advanced options trading, futures trading, and great charting capabilities. AMC also offers its own app, called Stash, which is geared toward active traders. In short, if you’re looking for a stock trading app with the highest level of security and safety, E*TRADE should be your top choice.