STOP trading from these apps I De-influencing
If you invest money in the stock market, you probably use a popular broking app to invest your money. But what if we tell you that the app where you have invested lakhs of your money is actually FAKE? And all your money is in the bank accounts of scammers, not in the stock market.
This is not a joke. This scam is actually happening in India & 1000s of people have lost crores of rupees. Scammers make you download fake applications that look exactly like renowned brokers’ apps and once you invest your money, they block you out
That’s why in this video, we will explain the entire working of this scam & most importantly, how can you stay away from these scams.
List of SEBI registered brokers - https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=30
National Cyber Crime Reporting Portal - https://cybercrime.gov.in/
National Cyber Crime Helpline Number - 1930
How to safeguard yourself from getting scammed -
1. Never download any trading app outside of the Play Store or the App Store.
2. Thoroughly check the app page before downloading.
3. Check if the broker is registered with SEBI.
4. Check for a confirmation message from your broker/CDSL/NSDL.
5. Report the crime.
0:00 - Let’s begin
1:20 - How big is the problem?
2:25 - How does the scam work?
8:36 - Red flags to look out for!
12:55 - Alternative scamming methods
13:50 - How to safeguard yourself?