In today's investment landscape, online trading offerings appear as tempting options for those looking for higher returns. But appearances are often deceiving. Cybercriminals use seemingly legitimate investment platforms to defraud bona fide investors. In this blog post, we look at the risks and pitfalls of online trading and give you the tools you need to protect yourself from fraud.

The current situation

In times of low interest rates, investments were hardly profitable for laypeople. Despite rising interest rates, savers are still waiting for “better offers”. Online trading seems to be an attractive alternative. But caution is advised: In addition to reputable providers, there are also criminal actors on this market. There have recently been several cases of fraud in Paderborn in which investors lost up to 30,000 euros.

A current case

A current case from Paderborn illustrates the danger: a 67-year-old man was lured by an advertisement from the online trading platform “Euprofits”. Despite seemingly high profits and a professionally designed website, the platform turned out to be a scam company. The man lost 10,000 euros in Bitcoins, which he could no longer get back. This is a typical case of online trading scams that are often carried out through fake “personal broker” websites.

Precautions and recommendations

To protect yourself from such fraud attempts, you should follow a few basic rules:

  1. Be skeptical if you are offered unusually high winnings: if the offer sounds too good to be true, it probably is.
  2. No direct advertising from banks and savings banks: Such institutions do not approach customers directly to encourage them to trade online.
  3. Do your research : Before you sign up to a trading platform and transfer money, you should get comprehensive information.
  4. Be careful with cryptocurrencies: Think carefully about whether investing in Bitcoin etc. is the right choice for you and whether you can bear the risk.
  5. Don't let yourself be put under pressure: If you are pressured by your “personal broker” to invest more money, you should be skeptical.
  6. Protect your data: Do not reveal sensitive information such as online banking access data or account details.

Online trading fraud is a serious threat and should not be taken lightly. By staying informed and vigilant, you can effectively protect your money.

Also read: Classifieds: Beware of online scams

Source:

Press portal


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