The most common type of investment scam is done through the method of cold calls. In this type, the scammer usually calls up innocent traders who are just beginning out in the world of investment or haven’t started yet. These calls consist of convincing and persuading these traders to invest in the scam company. To make them seem reliable, these scammers even make up fake websites in an attempt to convince the customers into investing their money. The scammer will also claim that they have a government-regulated license. In such cases, the scammers are usually calling from overseas. This is done in an attempt to prevent these scammers from getting traced.
You must not entertain the phone calls from random numbers wherein the other person is trying to convince you into putting your money in an investment scheme the scammer often tries to extend the call duration by giving various scenarios and excuses.
Do not click or reply to advertisements and emails that endorse risk-free investment or anything on the lines of that.
When a certain scammer claims that they do not need a government-issued license or that they already have one, you must always cross-check with the regulator’s website to make sure.
You must always read reviews and do your research before investing your money anywhere. This not only helps you in staying away from the tricksters but will also help you in gaining a better knowledge about the investments.
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