The online investment market is very popular now, and there are really many pitfalls. Stocks, foreign exchange, futures, gold, virtual currency, every channel you want to make money may have a hidden scam. You may be defrauded of 1 million at the beginning, or several million. Not much. Although there are various methods of online investment fraud, they ultimately lead investors to fake investment platforms to harvest funds. The core method is still the same four steps:
Step One: The Temptation of High Returns. All the fancy advertisements put out by investment companies or platforms, without exception, are for ultra-high annualized returns, often over 12%, or even as high as 30%-50%, and they all say they are guaranteed to make a profit without losing money.
Step 2: Give small profits a little sweetness. In the early stage, small profits will be given to investors, so that they can deposit a small amount of money with a skeptical attitude. Seeing that the account continues to rise and the small withdrawals are received in seconds, investors are gradually anesthetized, and the more they invest, the more they invest. more.
Step 3: Harvest through various methods. Once the funds are invested, it will be difficult to get them back! The more simple and rude ones will directly withdraw the funds, delete the account and say goodbye to the blacklist; the more patient ones will trick you into continuing frequent transactions and charge high handling fees; the more worrying ones will change the investment data at will in the background to let you buy whatever you want. Why do you doubt your life?
Step 4: Squeeze to the extreme. There will always be some investors who suddenly wake up and want to log in to the platform to withdraw cash in time to stop losses. Usually "login abnormality", "server maintenance", etc. are mentioned, but the other party actually has a hundred reasons to explain why the withdrawal failed. What's more, it requires recharging to activate the withdrawal. After repeated harvesting step by step, it is impossible to withdraw the money.
What causes your investment to lose money? The key is - you are investing in a fake platform.
Whether it is the software interface or the operation process, there is no difference between the fake platform and the regular platform. In order to make the fake platform more realistic, the fake platform will even purchase or obtain the same investment data charts as the real-time market. Therefore, it has become particularly important to identify authentic and fake platforms, which is something that FX110.com has emphasized over and over again!
Please keep the following four points in mind to help you avoid the pitfalls of most fake investment platforms:
1. Where did you see what advertisement? Advertisements placed on WeChat official accounts and online search engines; those claiming to have inside information in the comment areas of Weibo, Douyin, and Zhihu... are all common tricks used by scammers. More than 80% of the victims are friends with scammers from various social platforms, and are attracted to major fake investment platforms by "money-making experience", "cool teacher" and "insider information".
2. How did you download the investment and financial management APP? The review of financial apps on the mobile application mall is very strict, and relevant qualification documents such as business licenses, certificates, and agreements are required. Since they cannot be listed on the app market, fraud companies using such apps can only create URL links or scan QR codes to get users to click and download fake investment apps.
3. What account do you recharge to? Most fake investment platforms will require victims to transfer funds to designated personal accounts or public accounts that are not on the current investment platform, while compliant trading platforms can only open dedicated public accounts. At the same time, when purchasing financial products, you must sign an investment agreement, and the funds will be automatically deducted. The Banking Regulatory Bureau strictly prohibits account transfers, let alone transfers to personal accounts.
4. Have you ever been asked to make a bet? The so-called betting means that the platform will lose as much as the customer earns. Therefore, fake investment platforms deliberately set various restrictions, such as limiting transaction time, total transaction volume, transaction amount, etc., and tried every means to cause victims to suffer losses. Even if the victim is extremely lucky and actually wins the bet, the fake investment platform will come up with its trump card—manually changing the background data, making the victim feel as if he has lost everything.
