With the popularity of social networks and instant messaging applications, it is inevitable that we will see some information about investments in Telegram groups. However, not all of these messages are true and trustworthy, and some of them may be investment scams, which is a potential risk for investors.

The following are some of the investment scams that often appear in Telegram groups:

1. Impersonating an investment institution or trading platform or company:

Some scammers may impersonate a well-known investment institution or company as a way to gain the trust of investors. They may set up a platform similar to an official website to show investors some false information so as to lure them to invest.

2. High return scams:

Some scammers will post free signals and screenshots of earnings in Telegram groups and claim to get high returns for following their trades. However, this information is likely to be false and may even involve insider trading.

3. Cryptocurrency scams:

Cryptocurrency is a highly sought-after investment in recent years, but it is also one of the easiest areas to exploit by scammers. In Telegram groups, you may see people claiming to help you buy or sell cryptocurrencies with guaranteed high returns. However, these people are often scammers who may be stealing digital assets from your wallet.

4. Online hacker scams:

Some scammers may appear in Telegram groups as online hackers, claiming to help you obtain certain information, or break into a system, or get back the money you lost. Unfortunately, they may use this method to gain access to your personal information, login credentials and other sensitive information, or even scam you for an "upfront fee".

To avoid falling into the trap of a scam, there are several steps you can take:

1. Review the relevant institution/company/trading platform: 

If you receive an advertisement or information about an investment institution or company, first review its background and business to confirm that it is legitimate, reliable and reputable. (You can use the FxGecko app to search or post a complaint for information about the company)

2. Don't blindly believe in high returns: 

High returns usually mean high risks, so investors need to be vigilant and not invest blindly because of high returns.

3. Protect your digital assets: 

When investing in cryptocurrencies, make sure you have enough knowledge of the field first and know how to take the necessary security measures, such as using dual authentication and storing private keys for digital assets.

4. Do not trust strangers easily: 

In social media and instant messaging apps, we often communicate with strangers. However, always be vigilant and do not trust complete strangers easily, and do not send money to strangers freely.

In conclusion, there are always risks involved in investing, and we need to do some research and risk assessment to protect our interests. Only then can we choose more safely and wisely.

You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.

Click here to recognize common investment trading scams to avoid being scammed.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.