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Is Stockspot Safe?

The many ways Stockspot keeps your money safe

Sarah King avatar
Written by Sarah King
Updated over 7 months ago

Yes. There are many ways Stockspot makes investing safe.

Ownership

All investments are owned in your name, or in the case of a SMSF, Trust or Company, in the entity's name.

The investments are purchased under a unique HIN which you can check anytime in your Stockspot dashboard. 

Your HIN can be found in your Dashboard under 'Your Profile'.

The HIN number will appear when you click on 'Click to reveal' (located under “HIN’ in “your account’).

As you're the legal and beneficial owner of your investments and have access to your funds at all times.

In the unlikely event something happens to Stockspot, you have the option to transfer your holdings to another platform or adviser or withdraw from your account.

Accessibility

The ETFs in your portfolio are with large, reputable ETF issuers so there's no issue with accessing your funds.

You can make a withdrawal from your portfolio back into your linked bank account at anytime.

When you start investing with Stockspot we suggest that you only consider investing if you have an investment horizon of at least a few years. This helps to ensure that you have the best chance of success when you invest. However if you need money to fund unforeseen expenses or your circumstances change, it’s easy to withdraw your money at any time.

You can withdraw your investments by requesting a withdrawal under ‘Transfer money’ in your Stockspot dashboard. Once you submit the request we’ll sell down some or all of your portfolio and transfer the funds into your linked bank account. The process typically takes 4 business days before you see the money in your account in line with the ASX’s settlement timeline.

Data Protection & Security

When going through our sign up process, we ask for your personal information to help verify your identity and ensure we’re giving you appropriate investment advice.

Our bank-level web security keeps your information safe and secure with our 256-bit SSL/TLS certificate. We keep your personal information secure and will never sell it to outside third parties.

We use various other measures to ensure your data and account are secure, such as database encryption, penetration tests and Certificate Signing Request technology. We’ve also introduced optional two-factor authentication (2FA) to add a second layer of security to withdrawals made on your account.

Tip💡 Read the other ways Stockspot keeps your money safe.

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