Zerodha founder Nithin Kamath 'warns' stock investors: If you are seeing this post, you are
Published On : 2024-11-20T15:35:34+0530 [ IST ] |
Author : Mayur_Tembhare
Reading Time : 1 mins
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Zerodhaco founder and CEONithin Kamath has taken to social media to warn investors about the rising threat of fake trading app scams. His message serves as a timely reminder for individuals to exercise caution when investing.
In a post shared on X (formerly known as Twitter), Kamath emphasises on the importance of investor awareness urges individuals to be suspicious of unsolicited investment offers.
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Not a day goes by where I don't read about such scams or hear from people who have been affected. The scale of these scams is just insane.
There are now countless phishing scams that take advantage of the familiarity of all major brands, celebrities, etc. The tricks vary—fake apps, fake websites, fake social media profiles, scam calls—but all with the same goal: to steal your money.
These scams work because they take advantage of our emotions like hope fear and greed. Two simple rules that can protect you:
1. Never act in a hurry and always verify.
2. If something seems too good to be true it probably is.
Be extremely suspicious about everything. If you're seeing this post you're probably already aware of these scams so please share this with your friends and family who might be more vulnerable.”
How to protect yourselfInvestors can protect themselves by:
How do I protect myself?
Verifying the legitimacy of any investment platform before depositing funds.Being waryof unsolicited investment offers, especially those promising quick returns. Conducting thorough research on any investment opportunity before committing any money. Only investing through licensed and regulated financial institutions
Source : Reporters From Sunrise Chronicles
Tags : Conducting , readsocial media post highlights , These , investmentwebsite scams keep getting worse , Not , two , mediawaryof unsolicited investment offers , fundstricks vary — fake apps , Being , Read ,
Summary :
Zerodhaco founder and CEONithin Kamath has taken to social media to warn investors about the rising threat of fake trading app scams. His message serves as a timely reminder for individuals to exer
