WhatsApp, Telegram, and other messaging apps have made our lives easier, but at the same time, they have generated new types of scams and fraud in the market. Scammers message you on WhatsApp and ask you to complete an online task, promising a handsome payment in return. But later, they wipe out your account. Want […]
Investing in the stock market can be a lucrative endeavor if done right. However, even legitimate-sounding companies can lead to significant financial losses. Here is one such case where a retail trader Shubham (name changed) had a bad investment experience with one of the SEBI registered advisory firm. Shubham: Hello ADB, I want to file
Forex trading involves betting on the rise or fall of the Indian currency relative to other foreign currencies. If the price moves in their favor, traders earn money; otherwise, they lose. This activity is similar to gambling, and above all, forex trading platforms are banned in India. Despite this, people are often attracted to such
There are instances where we get random calls to invest in the stock market. You might have encountered such calls, but is it right to follow them? Well, there could be a scammer on the other side. It is therefore important to stay alert while dealing with such calls and not to fall into the
As the number of demat accounts are increasing, so does the count of stockbrokers. Even the top notch stockbrokers sometimes fail to provide satisfactory services to their clients. But thankfully, there is a provision to file a complaint against any issue that you face while trading with registered stockbroker. Now, these issues could be of
It is important to learn the concepts of the stock market before making any investment decisions on your own. At the same time, it is crucial to register for an authentic course. Sometimes, people with basic knowledge deceive others by selling their courses online. Vipin (name changed) got trapped in one such case and ended
There are multiple investment options these days, and yes, there are opportunities to earn passive income, but there is no shortcut to doubling your money. However, unawareness and greed sometimes lead to heavy losses. Recently, our team came across the case of Sunil (name changed), who lost all his lifetime savings after joining one WhatsApp
We are not influenced but addicted to social media platforms these days. And sometimes, these platform do worse then anything good, especially when we are least aware about something. Recently, our team encountered one such case where victim Pankaj (name changed) joined a WhatsApp group after seeing advertisement on Instagram and lost around INR 30
Portfolio Management Services involve a registered entity taking charge of your investment. However, there are no guaranteed returns or promises in such services. People with no knowledge or awareness often get trapped in such schemes and lose their entire capital. Recently, Rajeev (name changed) shared with us one such case. Although he didn’t fall into
In the name of stock broker there are individuls and companies who misguide beginner traders and charge heavy fees and brokerage. Even registered brokers are found to be the part of such scams sometimes. It is therefore important for you to stay alert and ask for every document to validate their registrations and also ask
For retail traders, brokers often claim to provide a safe trading environment and reliable apps. However, glitches do occur, and traders can report these issues to SEBI and the exchange. But what if there are no reported technical glitches, yet you still face problems trading, withdrawing money, or booking profits at the right time? This
Scamsters know how to scam, but it is an individual’s responsibility to prevent themselves from falling into such traps. It’s your money, and you must be vigilant and responsible for safeguarding it. Recently, our team came across a case where Rajan (name changed) received a call from Ride Trading Consultancy (name changed), which claimed to
