Investing online is a convenient way of accessing investing options with fewer processes compared to other traditional means. While it is easier to carry out transactions, it is still an investment which should be handled with care. Investors can play a part in minimising potential mishaps when executing an investment transaction via online platforms by enhancing their financial literacy and exercising greater precautions.
Here are some precautionary suggestions on how to protect yourself when investing online.
It is possible to buy and sell shares, unit trusts, derivatives and other investment products through online investing platforms in a mouse click. Although online trading of investments saves investors time, it remains critical that investors conduct their own research to make informed decisions before investing.
Always be mindful of technological bottlenecks when investing through an online platform. There may be lags or be disruptions that prevent investment orders from registering on the platform in the instant that you have made the order or transaction.
Check the quality of your device and internet connection. Avoid using an online investing platform when it is experiencing technical glitches.
Always review your trade documents and e-statements promptly. Log onto your online investing account regularly. Beware of any suspicious or unauthorised transactions and any unauthorised changes to your account information such as telephone number, email address and login password.
Access your online investing platform by typing the website address (URL) or your online investing platform. Avoid accessing the website through any hyperlink embedded in an e-mail, SMS message, internet search engine or suspicious pop-up window.
Set a strong password and change it regularly. Avoid recycling the same password and storing your password in computers or mobile phones. Do not share your passwords or security code with other people, including your family members.
Announcements The Securities Industry Dispute Resolution Center (SIDREC) has released its 2022 Annual Report. It emphasises the organisation’s commitment to providing impartial and effective dispute
Announcements Meet us virtually at the Virtual FIMMAC & IES 2022 with the theme of RE:SET from 17 to 18 October 2022. The event will
CEO Sujatha Sekhar Naik discussed SIDREC’s experience on the critical value of the mediative approach in dispute resolution at a panel session at the Kuala Lumpur International Alternative Dispute Resolution Week (KLIAW 2017) organised by Kuala Lumpur Regional Centre for Arbitration (KLRCA)
Securities Industry Dispute Resolution Center (201001025669)
Level 25, Menara Takaful Malaysia
No. 4, Jalan Sultan Sulaiman
50000 Kuala Lumpur
T: +60-3-2276 6969
E: info@sidrec.com.my
