Are online brokerage firms safe?

If you remember the days of having to call up your broker on the phone or you remember movies from the 80s where they did so, you can probably appreciate a much easier system. Today, we can invest online. It is so simple to go to an online brokerage firm, place an order at your convenience, and watch the order being placed. You don't ever have to meet with a broker or investment professional if you don't want to.
Unfortunately, many people are still weary of this process, and with good reason. They are afraid of the security on the internet. I hear all the time about fraud on the internet. I've gotten emails from foreigners claiming they need me to help them transport money to the U.S. and they will give me a percentage, or that I have won some exorbitant amount of money that I need to claim right away. I feel bad for those who fall for these and get scammed out of a lot of money.
There are also other programs that claim they can make you money such as by stuffing envelopes or taking surveys, that leave you high and dry. A really big concern for most people is identity theft. They don't like using their credit card online for fear of their money and identity being stolen. These are all legitimate concerns and everyone should be careful with what they do on the internet.
The big problem with investing online is that you can put a lot of money in investments. When we start talking about our direct money, we really start to worry. Could someone steal my information and login to my account, stealing my money? Maybe they could make up a fake firm and take my money that way?
When looking for an online brokerage firm, there are several ways to protect yourself. First, only invest in a well-known, established company. Don't get pulled in by the low fees of new companies, they could be scams. If they're not, let everyone else test them out. Also, pick a firm 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 there excellent security. Use a company that has several passwords and security checks. Use a company that is protected by the SIPC.
Sharebuilder is an excellent company with all these safety features. I have been using them for over 2 years and have never had any safety issues. They are protected by the SIPC and are also owned by ING Direct, another very reputable bank. To add more safety to your account, make sure you change your password at least once a year. Never log in to your account from another computer, if you can help it. Preferrably you will only use your own computer. Don't use a saved password feature on your computer in case someone else uses it. Always make sure you see the padlock. If there is anything suspicious, remove your money immediately, and finally, always monitor your account.
If you want to know how you can buy stocks online, go to StockInvestingMadeEasy.info for more information.
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