Is Mobile Trading as Safe as Desktop Trading?
Mobile phones have provided greater convenience for daily traders. But is mobile trading safe to use? The simple answer is, yes, it is!
Updated November 13, 2023.
In the world of trading, smartphones are now ubiquitous. And rightly so—throughout history, the ability to buy and sell stocks while on the go has always given investors the opportunity to trade easily and quickly.
But along with great convenience come security concerns. Is trading on a mobile phone as safe as trading on a desktop device? The simple answer to these questions is yes!
» Still learning the basics? Read all you need to know about trading stocks
Benefits of Mobile Trading
Being able to manage stocks on mobile has proven to be an extremely convenient process for traders. Some of the main benefits include:
- Trading apps have streamlined their interface to fit any screen size, and orders can be placed in an instant.
- When using a mobile trading app, you can stay updated on market trends and check up on stock indices, shares, or commodities.
- Tracking your portfolio has never been easier, thanks to instant notifications and alerts.
- You can also easily research updates and track various graphs and visual charts to monitor your investments.
- Trading on mobile apps is perfectly safe—they follow most of the same safety protocols as web-based portals. They also provide additional levels of security, such as fingerprint scanners and two-step authentication, to authorize transactions.
With better mobility, safety, and ease of use, it’s safe to say that mobile trading, like many other tech innovations in recent years, is here to stay.
Note: Fortrade offers the ability to trade the price changes of stocks with CFDs and NOT to buy/sell ownership of stocks themselves
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