Telegram, one of the most used messaging apps, has become the hub for stock market scams. Account handling services telegram is one of the widely used services promoted by scammers here.
Now, these scammers generally create FOMO and play a trick with the beginners’ minds by displaying fake profits, a luxurious lifestyle, etc.
People trusting them eventually end up losing their entire capital and trust in the stock market.
In this blog, we’ll explain how these Telegram-based account handling services operate, what red flags to look for, and how to protect yourself.
How Account Handling Services in Telegram Work
Here’s a step-by-step of how most Telegram account handling scams unfold:
1. You Are Added to a Random Telegram Group
- A stranger adds you to a trading-related group or messages you privately.
- They pose as a SEBI-registered advisor, PMS provider, or even as a broker employee.
- Their messages are filled with:
- “100% profit in 1 week”
- “Only limited slots left.”
- “Personal account handling by expert trader”
2. Trading Account Handing With Profit Sharing
The admin offers the benefit that you can reap by trading under their guidance. Then, at the right time, they offer account handling services where:
- You’re told to share:
- Your trading credentials
- Or sign a Power of Attorney (POA)
- In return, they’ll:
- “Trade for you”
- “Earn 30% profit every week”
- “Split profits: 70% you, 30% us”
- Some offer a demo phase where they show fake profits to build trust.
3. You See Initial Gains, Then It Wipes Off Your Bank Account
- They may even help you to make small profits in the beginning.
- Then they ask you to add funds to increase position size.
- With the greed to make more money, you follow their instructions.
- Eventually, they increase lot sizes, take risky bets, and your account hits a loss or zero balance.
- The scammer disappears, often blocking your number and vanishing from Telegram.
Real-Life Examples
Here are a few patterns and cases we’ve come across:
- Pradeep (name changed), who entered into stock trading with the hope of making profits and passive income, fell into the trap of an account handling scam on Telegram, which resulted in the loss of more than ₹8 lakh.
- Aamir (name changed) also got scammed in one such case of trading account handling with profit sharing of 50/50 and lost more than ₹11,00,000 in an account handling scam.
Is Demat Account Handling Legal in India?
These account handling offers on Telegram are:
- 100% illegal (unless done by SEBI-registered PMS with minimum ₹50 lakh capital)
- Unregulated and untraceable
- Based on profit-sharing, which is not permitted unless via a registered PMS
- In violation of your broker’s terms and SEBI’s rules
- Last but not least, it is risky as it can wipe off your entire capital is at stake with no legal recourse
How to Report Account Handling Scams?
If you’ve been approached for account handling in stock market, then there are ways to report such cases. To make your point stronger, follow the tips below:
- Don’t delete Telegram chats, they’re your evidence.
- Report the user/group to Telegram using the in-app report option.
- Lodge a complaint in SCORES.
- Register with us to get assistance in filing, drafting & documenting the complaint.
Conclusion
Account handling via Telegram is a scam in most cases. No real SEBI-registered advisor will ever ask for your trading credentials or offer guaranteed profits on social media.
If you’re new to trading and feeling overwhelmed, take a step back and invest in learning the market, not shortcuts. Telegram scams prey on beginners; don’t be their next target.
