Aug 29, 2024 · Fake trading apps have become a significant problem, with thousands of people losing crores of their hard-earned money. To help raise awareness, we explain how these scams operate, why people are drawn into them, and how you can protect yourself from falling victim.

Sep 6, 2023 · What’s wrong with fake P&L records: The manipulated P&L screenshots and screen recordings show the finfluencers making huge profits, which gives them fake credibility.

Aug 29, 2023 · But have you ever wondered how scammers manage to flaunt those jaw-dropping profit screenshots that seem too good to be true? 🤔 Welcome to our eye-opening exposé, where we dive deep into the...

Scammers may use fake or doctored screenshots of profitable trades in order to deceive and scam people into investing in their trading schemes. They generally trade in cents to generate high end profi

Mar 13, 2024 · Many investment scams rely on sophisticated fraudulent investment websites that operate a fake trading platform to trick victims into depositing money after being lured in through email, social media posts or fake ads.

Oct 18, 2021 · The screenshots are typically edited in Photoshop to show bogus profits the trader never made in the first place. The bait is used to trap gullible first-time traders who are asked to pony up a subscription fee to join private WhatsApp or Telegram groups where they will receive stock recommendations.

Aug 30, 2023 · Faking or editing the trading profit screenshots by the influencer should definitely be considered as fraud. The verified PnL statements of the last few years could help a little to understand the real scenario to the users. However, according to the recent concerns shared by a few users on ‘X’, even verified PnLs could be faked or hacked.

But with this growing popularity comes a rise in fake trading websites designed to steal your hard-earned money. This article will equip you with the knowledge to identify these scams and protect yourself. Red Flags of Fake Trading Websites: Guaranteed Profits: If a website promises guaranteed returns, it’s a major red flag. The stock market ...

Apr 17, 2020 · Fraudsters set up phishing (fake) websites that mimic the look and feel of the login pages of the trading platforms offered by large stock brokers. These websites are then sent out to unsuspecting investors via SMSes, e-mails, and social media with contact data stolen from various sources.

May 16, 2024 · Learn to spot scams in online trading platforms with real examples. Protect your investments from fraudulent schemes with our expert tips and insights.