Tickertape is a popular stock market research and screening platform in India. It helps investors analyse stocks, compare companies, and explore investment opportunities. Before investing, users always want to ask, “Is Tickertape Safe or trustworthy?”
Operated by Anchorage Technologies Private Limited, Tickertape is a legitimate financial research platform. It does not directly hold the investment. Investments here are made through the user’s own broker and Demat account. However, before using its service, you should first understand its data collection practices, third-party partnerships, and the risks connected to stock market investments.
We’ll examine Tickertape’s safety, privacy policies, and security measures.
Is Tickertape Safe to Use in India?
This research and screening platform offers financial information to help investors make informed decisions. A subsidiary of Smallcase, Anchorage Technologies Private Limited, operates this platform.
The platform does not directly hold your investment funds or securities. When you think about investing, you complete a transaction through your connected brokerage platform and Demat account.
Through the platform created by SEBI-registered managers, smallcases is available to offer a structured way to explore investment strategies.
However, Tickertape does not guarantee investment safety or returns. Investments always have financial risk. Users are responsible for their investment decisions here.
How Does Tickertape Protect Your Personal Information?
To operate its service, Tickertape collects different types of information. Its privacy policy clearly explains what it collects and how it uses it. Here are some details related to the same:
1. Personal and Financial Information
When you register or use some services, Tickertape collects the first and last name, Mobile number, email address, age, PAN details, Investment-related information, Financial information, and other important information. Without registration, users here can also browse certain sections of the platform
2. Technical Information
After you visit the website or use its service, Tickertape automatically collects the details related to browser type, operating system, IP address, etc. To analyse visitor activity and improve the platform experience, the company may also work with third-party service providers
3. How is Your Information Used?
Tickertape uses this information for several purposes. Some of them are:
- Managing user accounts and offering requested services
- Improving their product performance
- Sending newsletters, promotional offers, and service-related communications
- Performing market research and customer analysis
- Fraud, abuse, and unlawful activities prevention
- Showing content as per your preference
For regulatory requirements like KYC & AML, they may also share some personal, demographic, and financial information with regulated entities. This means that they could share it with banks, brokers, investment advisers, and other financial institutions.
Read more: Is Tickertape Pro worth it?
Does Tickertape Share Your Data With Third Parties?
Yes, as per Tickertape’s privacy policy, Tickertape shares the information with group companies, affiliates, and third-party service providers. This sharing may happen to deliver services, process transactions, provide technical support, and meet regulatory requirements.
For example, it uses authorised third-party payment service providers for payment transactions. For card payments, certified tokenisation services are used here. Tickertape, however, does not hold the card information submitted for these transactions.
The platform also shows advertisements for loan products by RBI-registered lenders through its lending service provider arrangements.
For more details, users should read its privacy policy.
What Security Measures Does Tickertape Follow?
It uses industry-standard security technologies and processes to protect personal information from unauthorized access, use, or disclosure. Top measures are:
- Technical security control
- Operational measures
- Physical security control
- Periodic review of security measures
- Process for dealing with security breaches
The company also states that it will try to inform the affected users if unauthorized access happens due to a security breach.
However, no platform can completely guarantee full security from potential cyberattacks and data breaches. Users should therefore follow basic security practices like using strong passwords and avoiding suspicious links.
Is Investing Through Tickertape Risk-Free?
Although Tickertape is an amazing platform for researching stocks and investment opportunities, it does not completely remove the risks available in the stock market.
Company performance, economic conditions, market sentiment, and other factors often fluctuate the stock price. Even a company with strong performance sometimes experiences a price decline.
Before investing, you should take these precautions:
- Research the company’s financial performance and business model
- Before purchasing shares, evaluate its valuation
- Compare information from different financial resources
- Know your risk tolerance and investment goals
- Do not depend solely on short-term price movements for making investment decisions
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FAQs
1. Is Tickertape a genuine platform?
Yes, Anchorage Technologies Private Limited, a smallcase subsidiary, operates Tickertape. It offers stock research, screening, and other financial information services.
2. Does Tickertape hold my money?
No, Tickertape does not directly hold your money. Investments made here are from your own brokerage and Demat account.
3. Is it safe to share PAN details with Tickertape?
Yes, sharing your PAN details is generally considered safe for using its basic features. But Tickertape’s privacy policy states that it may collect PAN and other personal or financial information for its services and regulatory requirements.
Conclusion
As it has a published privacy policy and stated security practices, Tickertape is a legitimate stock market research platform. It does not directly hold your money. However, investments here are made through your brokerage and Demat account.
However, the platform stores and shares some of your confidential information with affiliates, regulated entities, and service providers. Before submitting sensitive information, you should understand these practices.
To be honest, Tickertape is a reasonable platform for stock research and screening.