by 
The Curious Bag
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<h4 class="dechead">On One Hand: Scams And Glitches Make it Dangerous
A combination of scams and technical glitches can expose investors' personal and financial information to identity thieves and scammers, according to the North American Securities Administrators Association. In addition, the AARP reports that investors who use online accounts can become overconfident in their abilities or even addicted to the thrill of generating quick profits.
On the Other: Investment Accounts Are Secure
Despite the potential for technical glitches, the AARP reports, brokers protect online investment accounts with several layers of security. In addition, major brokers, such as Merrill Lynch and Smith Barney, service online investment accounts, and these major firms offer their own reputation in addition to the multiple layers of electronic security.
Bottom Line
For the inexperienced, online investment accounts can carry some dangers. As long as the investor relies on trusted brokers and uses security-capable web browsers, though, online investment accounts feature a considerable level of safety.
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