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Brokerages, advisory firms prefer Telegram to WhatsApp, here's why

Much before WhatsApp changed its terms of service, several brokerages and advisory firms had made the switch to Telegram for its 'wider reach and better admin control'.

January 11, 2021 / 10:32 IST
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Representative image | Source: Pixabay

Signal and Telegram messaging apps are seeing a surge in demand as the new privacy policy of WhatsApp triggers concerns over data but several brokerages and advisory firms had moved to Telegram much before the terms of services were revised. They say Telegram offers a wider reach and better admin control.

"I had moved from WhatsApp to Telegram initially because it could not handle more than 256 members, did not have a broadcasting channel and did not have admin controls that are required to control messages during a live market where only admins may prefer to message rather than the entire group," said Debi Prasad Baral, Co-founder, Financepeer.

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Also read: Signal, Telegram see demand spike as new WhatsApp terms stir debate

"The performance is far superior but the most important thing is getting connected to even lakhs of users in a single group while the appropriate content restriction for non-admins is the winner here compared to WhatsApp," he said.