Luckily, Moka is legit and safe to use. The app uses the same level of encryption as any other FinTech app, and Moka doesn't sell your data. In other words, expect 256-bit encryption, SSL connections, and internal security policies standards to ensure your information is never at risk.

Is Moka investing safe?

Like with any other financial app or online tool, people will question whether or not Moka is safe. The simple answer is yes – as safe as any investing product can be. Moka uses the same security measures as Canada's major banks which includes 256-but encryptions, SSL connections, and strict security policies.

Is Mylo trustworthy?

All the ETFs that you'll be investing in are held in trust by a custodian at Mylo, which is insured by the Canadian Investor Protection Fund (CIPF). ... The only risky element you need to note here is that – while the funds in your Mylo account are insured and safe, your investment account itself is not CIPF insured.