Securing Your Information for Safer Trading
How to spot common trading scams and ways to keep your information safe?
Common signs of cybersecurity threats and trading scams
Scams are intricately designed to deceive, and each day, scammers devise new methods to gain access to your personal information for their financial gain. Below are the most common ways that scammers may deceive you:
Common signs of cybersecurity threats and trading scams
Phishing Emails
Scammers send deceptive emails that appear to be from reputable CFD brokers such Oscar Markets or financial institutions, urging recipients to click on malicious links or provide sensitive financial information.
Fake Websites
They create fraudulent CFD trading platforms that closely mimic legitimate ones, tricking traders into depositing funds or sharing personal and financial information.
To find out how to keep your account secure, check out this link for helpful tips and information.
Trading scams
False Promises
Scammers may promise unrealistic returns on CFD investments, luring traders with the prospect of high profits and minimal risk.
Impersonation
Scammers may impersonate Oscar Markets or other well-known CFD providers, using similar logos and branding to deceive potential traders.
Unregistered Brokers
Some scammers pose as unregistered brokers, operating without the necessary licenses or regulatory approvals, and attract traders with enticing offers.
Social Media Scams
Scammers may impersonate Oscar Markets or other well-known CFD providers, using similar logos and branding to deceive potential traders.
Pressure Sales Tactics
Scammers may employ high-pressure sales tactics, encouraging traders to make quick decisions or deposits without proper research.
Misleading Information
They provide false or misleading information about CFD products, making them appear less risky or more lucrative than they are.
Inadequate Risk Disclosure
Some scams involve unregistered or CFD products, making it difficult for traders to seek recourse in case of issues.
Investment Clubs
Scammers promote fraudulent investment clubs or groups, asking traders to pool their money into a collective fund, which they later abscond with.
How to protect yourself against cybercrime and trading scams?
Confirm that the Oscar Markets trading platform is legitimate and registered. Also, do not forget to check the Business Registration Number and License numbers. You will find all of this information on the footer of the Oscar Markets website.
To learn more about 2FA and protecting your online account, please visit to the Protect your Account page.
Only use your secure client area for all transactions, like withdrawals, transfers, and deposits.
Always pause and think twice before clicking on any email attachments or links. Do not forget to verify the sender’s details to ensure authenticity.
Stay informed about CFD trading, market dynamics, and common trading strategies. Education is a crucial defense against fraud and scams.
Be wary of unsolicited emails, phone calls, or social media messages offering CFD trading opportunities. Scammers often use these channels to reach potential victims.
If something does not feel right or if you are being pressured to make quick decisions, take a step back and evaluate the situation.
We are here to help.
If you suspect that you have fallen victim to an investment scam or if you have any inquiries, please do not hesitate to reach out to us at: support@oscarmarkets.com
We are dedicated to conducting thorough investigations and taking all essential measures to stop and prevent scammers from impersonating Oscar Markets, and its employees and misusing our logo to deceive individuals genuinely interested in our products and services.
