Protect Yourself from Trading Scams

Deceptive schemes known as scams can trick traders into losing money or sharing details affecting individuals of all experience levels. Vigilance and caution can protect you from these threats.

01

Threats to Cyber Defense

Fraudulent Emails

Watch out for emails pretending to be from CFD providers or financial institutions. Scammers often employ these tactics to lure recipients into clicking on links or sharing confidential details.

Phishy Websites

Scammers often craft websites that mimic trustworthy trading platforms to deceive users into depositing money or divulging personal and financial details.

02

Common Trading Scams

Phishing and Spoofing

Fraudulent messages that request sensitive information mimic trusted financial institutions.

Imposter Trading Platforms

Websites or applications that appear authentic but are intended to steal funds.

Ponzi Schemes

Contributions from new investors fund investment opportunities that promise high returns with little risk.

Social Media Scams

Fraudulent trading opportunities are promoted through social media channels.

Impersonation

Scammers act as representatives of established brokers to pull sensitive information.

03

How to Identify and Avoid Scams

Verify Broker Credentials

Always confirm the legitimacy of any broker before engaging in transactions.

Be Skeptical of High Returns

Approach promises of high returns with caution; they may not be realistic.

Secure Your Information

Keep your sensitive information safe by safeguarding your financial and personal details.

Dodge Unsolicited Offers

Be wary of unexpected offers or requests for information.

Conduct Thorough Research

Investigate all platforms and opportunities before participating.

04

What to Do If You Suspect a Scam

Cease All Transactions

Immediately stop any trading activities if you suspect a scam.

Report the Scam

Inform relevant authorities or platforms about the suspected fraudulent activity.

Secure Your Accounts

Change your passwords and strengthen security measures for your accounts.

Seek Professional Advice

Be wary of unexpected offers or requests for information.