As stock market investment gains popularity in India, it has also become a playground for cybercriminals who are luring people with fake IPO and trading platforms. These scams, often spread via WhatsApp and Telegram, promise high returns but lead to financial fraud.
In recent years, the investment culture in India has evolved significantly. With more people showing interest in the stock market, cyber fraudsters are now exploiting this shift. They create fake trading platforms and fraudulent IPO schemes to trick investors into parting with their money.
These criminals often use realistic-looking websites and apps to deceive investors. Victims are lured with promises of quick and high returns, but once the money is transferred, the scammers vanish.
Scammers send promotional messages via WhatsApp, Telegram, or SMS offering "guaranteed" high returns.
They share links to fake websites or apps that mimic genuine trading platforms.
Initially, victims may even receive small returns to build trust.
Encouraged, they invest more money — and that’s when the scammer disappears.
Many times, the app or website vanishes overnight, leaving investors in shock.
According to The Hindu, a man from Tiruppur fell victim to such fraud. He was persuaded to invest in an IPO through a fake company called ‘Adit Pro’. Scammers added him to a WhatsApp group and offered false tips and stock suggestions, creating an illusion of legitimacy.
Avoid "Too Good to Be True" Returns
Annual returns of 12-15% are realistic in the stock market. Anyone promising double or triple returns with certainty is likely scamming you.
Verify SEBI and RBI Certification
Always check whether the person or group giving investment advice is registered with SEBI or RBI.
Don't Trust Success Stories in Groups
Scammers often create groups and post fake testimonials to fool users.
Never Click on Unverified Links
If you receive a link from an unknown source, avoid opening it. It could lead to phishing websites or malware.
Use Official Apps Only
Only download trading or investment apps from Google Play Store or Apple App Store.
Enable Two-Factor Authentication (2FA)
Use two-layer safety features and never share your OTP, passwords, or confidential information with anyone.
If you fall victim to an online investment scam:
Call the national cyber helpline at 1930
File a complaint at www.cybercrime.gov.in
Cybercrime authorities strongly advise citizens to avoid online job and investment offers that lack complete transparency or official verification.
Before putting your hard-earned money into any IPO or trading offer:
Verify on official stock exchanges like BSE and NSE
Ignore random messages on WhatsApp or Telegram
Always consult certified financial advisors
Don't let a fake promise of profit become a costly mistake. Stay smart. Stay secure.
