Is Our Money Safe With the Stock Trading Apps?

[Hate2Wait]

I was discussing this with my colleague and I feel when we invest in stock through an app like in India we have many apps but these days most prefer to Grow App or Zerodha but I was discussing with him about what if they run away with our money.

Do you think it's possible that they can run away with our money and we can do anything about it?

 

[cherry123]

This is always my fear with online investment. You can't tell the intentions of the developers. So we can only assume nothing is certain with investment apps

 

[Hate2Wait]

This is always my fear with online investment. You can't tell the intentions of the developers. So we can only assume nothing is certain with investment apps

Yes we never know when they turn to scam so we really need to invest carefully

 

[LoukiaCharilaou]

You can never be sure because the intentions of the developers are unknown. You must be very careful.

 

[cherry123]

Yes we never know when they turn to scam so we really need to invest carefully

That's the truth we need to be careful with it to avoid losing money it can be very annoying losing money.

 

[Enxx]

There are some apps in my country that are safe to invest on and this is because they are micro bank which are registered with the government. Apps like kuda is legit and trustworthy to invest in stock market

 

[nomad]

If you are using legit platforms, your funds are save. When I say legit platform, I mean platforms that are registered with the security exchanges.

 

[Stardom22]

I think for me I really can't trust on the investment apps. Unless they are regulated by the capital markets authorities I can't trust and invest in them.

 

[Shavkat]

My cousin is asking me to try Olymp Trade, but I need more time to know the mechanics. Are you familiar with it?

 

[Reedex]

Your money will be safe with stock trading platforms that are legitimate and have stood the test of time.

 

[uptrendfinancialsignal]

If you join a credible stock apps your money would be very safe and you can try out robinhood.

 

[Springtime]

I don't trust investment apps. I've opened an investment account with my bank. I buy and sell stocks via their platform. The interface is very user-friendly and I get a SMS confirmation as soon as the transaction is done.

 

[uptrendfinancialsignal]

I don't trust investment apps. I've opened an investment account with my bank. I buy and sell stocks via their platform. The interface is very user-friendly and I get a SMS confirmation as soon as the transaction is done.

A stock trading apps like robinhood is very credible.

 

[cherry123]

I don't why I don't trust any investment online . I don't trust any investment apps. I will rather dump my money with investment offline I will prefer that one

 

[Reedex]

You cannot be guaranteed that your money is safe in stock investment because it is a market that fluctuate.

 

[flower]

It is critical to conduct personal research on the trading apps before you invest your money.

 

[eldavis]

When selecting a platform that you would have to put your Money, you just have to be careful cause anything can happen. make sure you have made all the needed research and try not to put in all you have there just in case.

 

[Bisolami]

I was discussing this with my colleague and I feel when we invest in stock through an app like in India we have many apps but these days most prefer to Grow App or Zerodha but I was discussing with him about what if they run away with our money.

Do you think it's possible that they can run away with our money and we can do anything about it?

I cannot vouch for all of those applications but there are some ones that your money is safe with them

 

[Hate2Wait]

This is why we need to stick with the popular apps like Grow and zerodha because we cannot expect these apps to run away with our money and are definitely worth trying

 

[riberet19]

It all depends on the consolidation of the company, how reputable it is certainly, and the regulation, if they do not comply with the regulation or something happens to your money being regulated you could always impose a complaint against the entity.