Fake Trading Apps on App Stores…! Your Investment at Risk?
Imagine downloading a fake trading app from an App Store that is apparently a safe abode to invest your savings, but you end up getting scammed…!
A dangerous campaign is running to take away your money through fake trading apps that are being developed and downloaded into the App stores.
This is a part of the infamous banking fraud scandals in which people are tricked into making investments by promising them a good return.
How These Fake Trading Apps Operate: Understand in 5 Steps
Initial Contact: Slick Presentation : Victims are first added to WhatsApp groups or attracted through lucrative social media ads about the investment app that looks genuine and professional.
Offer Downloading: Enticing Benefits : These ads or groups offer exciting high-returns and other entry bonuses for downloading these apps on your mobile.
After Download: Fraud Begins : The app will ask for personal information about the user. Following that, a disclosure will appear to seek his approval.
Balance Top-up: Illusionary Gains : You will initially need to top-up your app wallet and will also witness a small gain percentage in the profits. This will motivate you to add more to get more.
Withdrawal Obstacles: Technical Issues and Boom…!!! When you try to withdraw your profits, you will face a sudden technical glitch, and before you can react legally, cybercriminals will steal the money from your wallet.
Recent Fake Trading Platforms List: Check the Names Here;
➤FINANS INSIGHTS
➤FINANS TRADER6
➤Amgex OHN
➤Invest Digital FX
➤Genie Pro xchange
➤Exmart Exchange
Do This…! Guidelines to Protect Yourself
➤ Always Verify Legitimacy of the app by credible user reviews and user agreement.
➤Never share any financial information on the app unless you’re sure about its authenticity.
➤Don’t fall for unrealistic promises like small investment big returns.
➤Educate yourself, read financial news and blogs for regular updates.
➤If you detect something fishy, report it to the authorities at the earliest.
In Conclusion: Investment is Not Bad but, Fake Trading App is…!
Investing your money is a good step for boosting your financial health. However, there is nothing more disappointing than going through a loss because of a fake trading app.
That’s why you need to be alert, careful, and always check before putting your money in any application. Follow itechstories for more updates.
