Understanding Fake Financial Market Advisory Services in India
In the internet era, it is indeed a tough job to find the right financial market advisory services in the country. The business of proffering advisory services is almost mushrooming everywhere. But if your actually looks closely to it, you will see that none of these businesses have the sound base, without even having a proper website. And the so called Tips Providers starter emerging into Social Media (Facebook, Twitter), Whatsapp, Free Blogger Blogs, Email and SMS based Tips, Tips on Yahoo Messenger.
So who are these guys providing free/paid tips to the people?
- Probably the Sub-brokers/Authorized Person of Broker who want to attract people to grow his brokerage business. Mostly they open free blogger blogs and will be filled “Tips” sort of content and the main intention to provide Tips is to get new clients for his Brokerage Commissions
- Financial College Graduates those who considering themselves as Super Tips Providers and started educating ignorant people and sometimes the reversal happens. The ignorant people approach MBA/Financial Grads to get some tips as they know the market better than them-self.
- Those who lost the money in the market and now they want to survive (Mostly they would had lost all the money and in a big debt and have to survive at any cost)
- Newbie Traders who consider themselves as Market Predictors after their 4-5 success. That make them feels like a “Super Market Predictors”
- We offer nearly 12 to 16 calls to our clients in stock futures in a month.
Who are their Targets?
Generally they are targeting the mass. However the people who are falling prey to such guys are mostly Beginners in Trading and Investment, looking for some sort of advices to understand the market and to make money or those who lost money and want to get back in a very short amount of time are urging themselves to look for a Tips Provider who can guide them in earning money and Recovering their losses.
How do they advertise to the People?
Following are some of the sample taken from Social Media (Facebook Groups) where these day i feel lots of such fake advertising occurs
- INDIA BEST BUY SELL SOFTWARE FOR MCX,NIFTY,NSE, BSE,SHARE MARKET,CDS(currency) ACCURACY FOR 96% only profit no loss call for live demo
- YESTERDAY MCX PERFORMANCE ROCKEDDDD!!!!! GOLD,SILVER,NG,LEAD INTRADAY PROFIT RS.64000 IN 1 LOT VISIT OUR TRACKSHEET JOIN AND ENJOY BIG PROFIT
- WE GIVE SURESHOT CALLS (MONEY BACK GUARANTEE) IN STOCK FUTURE AND OPTIONS. THESE CALLS ARE 100 % GUARANTEED CALLS.
- You don’t need any Trading Skills, Zero Education, Zero Knowledge and you have to use their methodologies/System and you can earn huge Money.