Top 4 Apps for Traders

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Stock trading apps have millions of users worldwide and process billions of pounds in traded shares but the security of the apps compares poorly with comparable mobile banking applications, security firm IOActive warns.

Hernandez put 21 of the most used and well-known mobile trading apps available on the Apple Store and Google Play through their paces. Testing focused only on the mobile apps; desktop and web platforms were not tested. Both shortcomings make it possible for miscreants to run man-in-the-middle attacks to eavesdrop and tamper in cases where users are using public Wi-Fi hotspots without taking adequate precautions, such as using VPN software.

The results for trading apps proved to be much worse than those for personal banking apps in and The app developed by a brokerage firm who suffered a data breach many years ago was found to be the most secure of the 21 apps tested. IOActive notified app developers of the issues it uncovered only earlier this month, following completion of its research.

It is currently going through the disclosure process hence its decision not to release the names of the apps it tested. The security firm is encouraging regulators should encourage brokers to implement safeguards for a better trading environment. Minds Best mobile stock trading application Machines - Call for papers now open. The Register - Independent news and views for the tech best mobile stock trading application.

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Mobile stock trading apps riddled with security holes Did someone just nick your shares? Mobile stock trading apps are riddled with security bugs. Cleartext password problems in of the tested apps [source: Microsoft modifies open-source code, blows hole in Windows Defender 'Every little helps' Tesco to kill free service Spring is all best mobile stock trading application new beginnings, but it could already be lights out for Windows' Fluent Design We put Huawei's P20 triple-lens snapper through its paces.

More from The Register. SEC 'fesses to security breach, says swiped info likely used for dodgy stock-market trading EDGAR database a veritable goldmine of financial tips. Equifax execs sold shares before mega-hack reveal. All above board — Equifax probe Nothing to see here, best mobile stock trading application along. Go back to your homes. Techno-senator tells Tinder to hook up its app with better security Swipe-a-shag tool gets the dreaded sternly-worded-letter treatment from Wyden.

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