How to stay safe when trading online

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Online trading has soared in popularity in recent years, with the proliferation of platforms making it easier than ever for novices and experienced professionals to get a piece of the action.

However, there are no guarantees when it comes to trading, so it pays to take care and pay plenty of attention to your situation to stay safe.

How to stay safe when trading online
How to stay safe when trading online

To make that easier, we’ve put together a few key tips.

Choose a reliable broker

Before you start trading stocks online, you must choose a broker you can trust. Ensure they’re regulated by the Financial Conduct Authority before opening an account and supplying them with your personal details. You can usually find out this information by scrolling to the footer of their website

Once you’ve checked that, take a look at their reviews on Google and places like Trustpilot. If there aren’t many or there are several similarly worded reviews in a short space of time, it’s probably best to steer clear. It’s also worth seeing if there are any sign-up bonuses that you can make use of.

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