Tips! Tips! Tips! Even experienced traders and investors can fall into the trap of seeking easy and quick profits. Recently, we came across the case of Madhulika (name changed), who got scammed by a fake advisory company. The company operated on a 50% profit-sharing model and provided tips that initially generated profit but eventually wiped […]
It is a common myth that scammers generally target people from rural areas with weak educational backgrounds. These days, scammers have expanded their scope and started targeting the educated urban population. Recently, we came across the case of Sharavan (name changed), who is pursuing an MD from one of the colleges in Maharashtra, and ended
On June 27, we received calls from one of the victims, Raman Mandal (name changed,) who lost around ₹50,000 due toa technical glitch in the trading app. Our team took step-by-step initiatives starting from the SEBI Scores portal to file a complaint in Smart ODR and helped the victim in getting more than 50% refund
Everyone wants to earn money, and for that, they explore different options. Housewives, often look for different ways to make passive income, and generally lured by investment options that give them a sense of financial independence. However, scammers are everywhere and often reach out to such people via WhatsApp or Telegram. Some use the names
It all started when Mr. Rajput (name changed) was chilling with his family on one Sunday evening and he received a random message on Whatsapp. It was a message from an account name ‘Trade Center’ (name changed) which was something like: ‘Get assured profits & guaranteed returns on your investments’, to get started Click here.
Have you decided to join a Stock Market Course? Great! This can help you become self-reliant and make your own trading decisions. But wait! Is just deciding to take a course or joining a course the right solution? Of course not! What if the course provider is not a trader himself? And even if he
When it comes to investment, there are different financial assets, and one among them is cryptocurrency. No doubt, if done the right way, it can also give you high returns and benefits. But unlike financial assets like mutual funds, stocks, bonds, etc., cryptocurrency is not regulated in India. Hence, you cannot report any crypto scams
Institutional investors play a very important role in the stock market, as their investment decisions have a major impact on the prices of stocks. But they are big entities based in foreign countries or India that collect funds from other companies to invest. None of the institutional investor approaches retail traders or investors to invest
2 out of 3 cases we came across are of account handling in stock market, where traders or beginners provide their account to an unregistered entity that claims a guaranteed return on trading on their behalf. The result is the same in all the cases where people lose their entire capital in a few days.
Is it the lack of awareness or a greed to double money in a few months that make people fall in scams and frauds. Not doing proper validation and not considering market rules & regulation is the major reason of increasing number of scams these days. We came across incident where people lose their hard-earned
Clone trading apps that look exactly like genuine trading apps are misleading retail traders and investors, leading them to lose their entire capital. People often come across these apps through ads on social media platforms, where they are provided with a link to join a Telegram or WhatsApp group. Enticed by the promise of huge
Stock market trading or investment in the global market requires awareness in the first place. Having an understanding of what is possible and what’s not can actually protect you from bigger scams. However, people pay the least attention to this and end up losing their money in the share market. Recently, we came across one
