Hi guys,
One of our readers sent me this tip they received from their bank just now, and I wanted to share it with you.
I wish you the best, and I’ll talk to you soon,
Max Roberts
| Nowadays it can be difficult to distinguish a sophisticated scam from a real investment opportunity.You may have seen adverts on social media and search engines promising high returns on investments, like: “Double your money in 24 hours” and “Get rich with crypto now!”They might encourage you to invest in gold, property, crypto, and even wine, with the promise of fast, and potentially life-changing returns. These ads are usually accompanied by reviews from other investors, with testimonials about all the money they’ve made.It can be hard to spot fake websites, adverts, reviews, emails, and text messages when they look and sound like legitimate investment. So here’s our guide on how to spot a scam. |
Signs of a potential investment scam Social media adverts offering suspiciously fast and high returns on investments with little to no risk, even if they look like they’re endorsed by a well-known celebrity, influencer, or government agency Being contacted out of the blue via phone, email, or social media about a potential investment opportunity You’re pressured to make a decision quickly about an investment with no time to consider your options You’re told to download screen sharing or remote access tools to ‘support you’ through the investment process. A legitimate financial institution would never ask you to do this |
How to avoid an investment scam Verify the investment company exists by checking the European Central Bank’s list of financial institutions and investment funds Search the company name online and call an independently sourced telephone number. Look for any negative reviews or comments from other consumers concerning scams Reject cold calls. If you’re called or messaged about an investment opportunity, the safest thing to do is hang up and ignore any automated voicemail messages Be extra cautious. It’s worth talking with a trusted family member or friend and showing them the investment opportunity, to help sense-check its legitimacy. If you’re unsure if the investment is suitable for your individual circumstances, seek professional advice from an authorised independent financial adviser before investing |