This Stock Market Scam Starts from a Fake Broking Website & Ends in a Whatsapp Tips Group

Innovation and creativity are very important in every sector. From time to time, every company needs to show new kinds of innovation and creativity so that there is demand for their products and services.

Even in the stock market, fraudsters cannot stay behind without using creativity and innovation. When the same type of fraud is exposed in the market and people become aware, it becomes a bit difficult for fraudsters to commit the fraud again, increasing the chances of getting caught.

That's why fraudsters and scammers also need to show new kinds of creativity in their frauds or scams. And a new type of scam is emerging where the scammer tries to become a fake broker.

In this scam, the scammer takes the names of big brokers and creates websites and apps that look similar to theirs, inviting people to become wealthy together. In this video, we will learn how this scam is done and how you can avoid such scams.

Angel One recently issued a notification a few days ago, informing its clients through email that mobile apps with almost similar names to Angel One's website and mobile app are being downloaded in the market.

It was mentioned in that notification how clients should differentiate between Angel One and other apps, and if they suffer losses by installing any other app, Angel One will not be responsible.

To understand how these scammers and fraudsters cause losses to clients by creating fake brokers apps and websites, watch the entire video in detail.

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00:00 Intro
00:38 New scam in the Stock Market
01:30 Website similar to Angel One
01:52 Website similar to Fyres
03:06 Angel One notification to their Clients
03:32 How are these fake websites fooling clients
04:50 How WhatsApp and Telegram groups fooling peoples