What are the best practices for securing a trading account?
The best practices for securing a trading account are as follows:
- Never share the login ID, password, and 2FA authentication with anyone.
- Do not trade based on tips from WhatsApp groups, Telegram channels, Twitter, etc., without completely understanding the product and risks.
- If advisors are involved, ensure they have an investment advisor license and look up the license on the SEBI website by visiting sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13.
- Do not trade in leveraged products like options without completely understanding the risks. To learn more about various products, visit zerodha.com/varsity.