The Rise of Fake Online Trading Schemes: With more people investing online, fake trading schemes promising quick profits have increased sharply. These scams often target beginners through social media, messaging apps, and fake websites that look professional and convincing.
Guaranteed Returns Are the Biggest Red Flag: Any platform or “expert” promising fixed or guaranteed returns in the stock market is likely a scam. Genuine trading involves risk, and no legitimate trader or broker can assure consistent profits.
Verify SEBI Registration Before Investing: Always check whether a broker, advisor, or trading platform is registered with SEBI. Scammers often use fake registration numbers or claim overseas licenses to appear credible. A quick verification can prevent major losses.
Be Careful of Telegram and WhatsApp Tips: Many fake schemes operate through private Telegram or WhatsApp groups offering “sure-shot” tips. These groups often show manipulated profit screenshots to lure investors before disappearing with their money.
Avoid Sharing Personal and Banking Details: Never share your trading account login, PAN, Aadhaar, OTPs, or bank details with anyone. Fraudsters may misuse this information to access your funds or carry out unauthorized trades.
Use Only Trusted Trading Apps and Websites: Download trading apps only from official app stores and use platforms from well-known brokers. Avoid clicking on random links sent via SMS, email, or social media claiming special trading offers or bonuses.
Stay Informed and Report Suspicious Activity: Educating yourself about basic investing and market risks is the best protection. If you suspect a scam, report it to your broker, SEBI, or cybercrime authorities to help protect other investors as well. The above information is for educational purposes only and does not constitute investment advice.
.png){kind=logo}
