Scammers generally use convincing power to scam people, and this has increased the number of cyber frauds in India. People have lost ₹1,750 crores in Cyber frauds, including forex trading. Now, before moving ahead, let’s understand what a forex trading scam is. So, in this the scammer approaches via WhatsApp or Telegram and sometimes by […]
Scams are increasing because scammers are getting smarter and people want to get rich quickly. Scammers reap the benefit of this trap such people by showing high-return investment schemes. Now the question is if you fall victim to this then how to report trading scams? And above all, ‘How can I get my money back
You all might have heard that to gain profit in trading one must work on trading psychology. Most of the traders fail at this point but Ankush (name changed), one of the retail traders followed this very strictly. After doing ‘n’ numbers of trades in the FnO segment he used to deactivate the segment to
Investment advisors are there to provide guidance to emerging traders & investors, but some IAs tend to misuse their license to meet their own evil interest. This is the case where a Registered Investment Advisor (RIA) did a scam of ₹90,000 with one of his clients, Kabir (name changed). This all started on May 29th,
There are many tech-glitches where you might have heard of huge losses of traders & investors. But recently, we came across a case where the trader earned a profit of ₹80,000 due to technical glitch in the app but what happened next left the client with only disappointment. However, there is a regulatory and market
“Invest in this scheme and you will get 1% return daily.” Daily? “Yes, so no risk of losing and you can grow your money easily.” What if your favorite influencer or top-notch influencer promotes this? You will think of investing in such a scheme without any second thought, Right? This is the tactic that the
Everyone wants to earn quick profit and want to gain high returns. But the stock market demands patience which unfortunately most of the beginner traders don’t have. This makes them invest their capital in illegal trading practices like Dabba Trading. Without having an understanding of how dabba trading works, they get into high-risk practices. Although
Now while doing futures & options trading, the broker square off your position when: But what if the broker auto-square off the position without giving any valid reason? What are the rights of the traders to deal with such situations? Here is a similar case, where Chetan (name changed) lost ₹50,00,000 due to the auto-square
In the world of online finance and stock trading, many people turn to so-called “experts” for guidance. But what happens when the expert turns out to be a scammer? This is the case of how a YouTuber named Aryan, who presented himself as a stock market guru, lured unsuspecting investors into his web of fraud,
Businessmen and individuals with significant capital often rely on Chartered Accountants (CAs) to manage their finances and handle taxation. In doing so, they share highly sensitive personal and financial information with their CA, trusting that it will be handled responsibly. But what happens when that trust is betrayed? Recently, a doctor (let’s call him Shikhar)
Earlier all the shares bought in the stock market were provided in the physical form. Later in 1996 when demat account was introduced, the shares were converted and made available in dematerialized form. But if someone still holds physical shares of the listed company can request dematerialisation of any share in physical format by following
We covered multiple types of scams to create awareness among people. Every other day we come across one or the other unique kind of scam where the objective of the scammer is the same, to loot people’s capital. However, their way of scamming people is getting upgraded day by day. On one hand, many awareness
