Are Online Brokerage Firms Safe?

If you remember the day to call your broker on the phone or you remember the films from the 80-ies, where they do this, you can probably appreciate it much easier system. Today, we can invest online. It is so easy to go on-line brokerage firm, place the order in your favor, and watch as the places. Do not ever meet with a broker or investment professional if you do not want.

Unfortunately, many people are still weary of this process, and with good reason. They are afraid of Internet safety. I hear all the time about fraud on the Internet. I got e-mails from strangers saying that we need in order to transfer the money in the U.S. and they will give me a percentage, or that I had won some outrageous amount of money you have to apply immediately. I feel bad for those who fall for this and get scammed out of a lot of money.

There are other programs that claim you can earn as stuffing envelopes or taking surveys, to leave you high and suha.Stvarno big problem for most people, is identity theft. They do not like to use their on-line credit card for fear of their money and identity theft. These are all legitimate concerns and everyone should be careful with what you are doing online.

a big problem with online investing is that you can put more money into investments. When we started talking about our direct money, we really start to worry. Can someone steal my data and log into my account, stealing my money? Maybe we could make up a fake company and take my money that way?

When looking for on-line brokerage firms, there are several ways to protect yourself. First, only invest in well-known, established company. Do not be pulled into the low fees of new companies, they could be scams. If they do not let anyone else test them. Also, choose a company that has many security features. Use a website that has a padlock symbol in the address bar for security. Use a company that goes on and on about with excellent security. Use a company that has a couple of passwords and security checks. Use a company that is protected by SIPC.

Sharebuilder is a great company with all these safety features. I have been using them for more than two years and have never had any security problems. They are protected by SIPC, and are also owned by ING Direct, another very reputable bank. To add more security to your account, make sure you change your password at least once a year. Never log into your account from another computer, if you can help. Preferably it will only use your computer. Do not use the saved password feature on your computer in case someone else is using. Always make sure you see the padlock. If there is anything suspicious, take their money right away, and finally, always keep track of your account.