The safest app to buy stocks is eToro. eToro is the safest app to buy stocks because it’s regulated, secure, trusted by more than 28.5 million users, and more.
1. eToro is regulated
eToro is regulated and operates in accordance with FINCEN in the United States and the FCA, CySEC, and ASIC in other countries.
It is very difficult to remain compliant with these regulators which audit brokerages frequently. Any brokerage monitored by these regulators are usually very safe.
Not all platforms are regulated, so be sure to choose one that is monitored to protect investors.
2. eToro is secure
On eToro, users’s funds are secured in tier-1 banks and all personal information is guarded under SSL encryption.
Again, if you’re looking for a safe app to buy stocks, be sure to choose a brokerage with these protections.
3. eToro respects your privacy
Users are in complete control of their account settings.
eToro never sends its users spam or shares data without permission.
4. eToro has qualified support
eToro’s support team is qualified and available 24/7. If a user experiences an issue or needs assistance, someone will be available to help.
5. eToro has real users
eToro has more than 28.5 million users worldwide.
If you need a brokerage account, open one with a broker which has a lot of happy customers.
6. eToro makes its users aware of the risks
eToro reminds its users that investing involves risk and encourages its users to take proper safety measures, reduce risk wherever possible, stay informed, diversify their portfolios, and more to foster responsible investing.
Some brokerages make money every time you place a trade, so the entire goal of their platforms is to get you to trade.
You should choose a stock market app that focuses on your long-term success as an investor.
Investing involves risk – there is no such thing as a risk-free investment (U.S. Government bonds are close, but still aren’t completely free of risk).
Be sure to perform due diligence and know the full risk profile of any investment before you purchase.