Online share trading apps have become very popular in recent years. It isn’t surprising that more and more people are turning to these apps to start their investment journey. But as the popular saying goes, every coin has two sides. There are many trading apps out there, good ones to add to it, but you need to be careful when you are using these apps. A small blunder can lead to you losing your investments; in this article, we will cover all the safety measures you should take while using one of these apps.
1.Be cautious about where and how you access the app
One of the first things you should be careful of when you are using any finance app, not just trading apps, is that you need to be mindful of where you are opening these apps. Avoid opening your mobile trading app in public, and do not access your account using public WIFI or any unsecured network. It’s also a good idea to keep your phone updated with the latest OS patches and ensure you’re using reliable anti-virus or mobile security software. If you have to access your account in public, be extra cautious when you are entering your credentials. Cover your screen and ensure nobody views your passcode. Once again, do not connect to public wifi since this is where cybercriminals will steal your data
2.Never leave your session unattended
It’s easy to get distracted. Maybe you step away for a coffee or a quick chat, but if your mobile trading app is still open, you’re putting your account at risk. Always log out when you’re done trading, especially in public or shared environments. Some apps might auto-log out after inactivity, but relying on that is a gamble. Make it a habit to log out manually. If your app allows, disable auto-fill or cache memory for credentials. It might take an extra second to log back in, but that second could save you from unauthorized access.
3.Keep your password tough
This might sound basic, but you’d be surprised how many users keep their passwords as “123456” or “yourname@123”. Your password is the first line of defense for your mobile trading app — treat it like a vault key. Use strong, complex combinations — mix upper and lower-case letters, numbers, and symbols. Avoid anything obvious, like birthdays or pet names. And never write it down on your phone’s Notes app or text it to yourself. If remembering it is tough, consider a trusted password manager (with its own strong password, of course). And yes, change your password regularly.
4.Enable 2-Factor Authentication (2FA)
During your demat account setup or while configuring your mobile trading app, always opt for 2-factor authentication. This adds a second checkpoint, typically an OTP sent to your registered mobile number, before anyone (including you) can log in. It might seem like an extra step, but it drastically reduces the chances of a hacker accessing your trading account, even if they somehow get hold of your password. Many apps now also support biometric locks like fingerprint or Face ID, enabling them for quicker yet safer access.
Mobile trading is undoubtedly a game-changer — fast, flexible, and accessible. But the very convenience that makes it powerful also demands responsibility. By following these crucial safety precautions when you invest in stocks, you can trade smarter, not just faster. After all, your hard-earned money deserves more than just strategy, it deserves solid protection, too.