The Financial Services and Markets Authority (FSMA) has issued a warning against the increasing number of fraudulent trading platforms online.
Such platforms are luring investors with the promise of quick and easy profits, the FSMA notes. “However, these alluring offers are often elaborate scams, potentially leading to significant losses,” it warns.
Should an individual fall victim to such operations, The regulator advises an individuals who fall victim to such scams to sever all contacts and transactions with the scammers, contact their banks, and report the incidents to both the FSMA and the police.
