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Stock tips WhatsApp group with a fake trading app

A group run by a "market expert" shows huge profits and moves you to a fake trading app where your money only grows on screen.

Community reports: 0

How it works

You are added to a WhatsApp group, often after an ad featuring a famous investor, where a "professor" shares tips and members post big profits.
You are asked to trade through an "institutional account" or a special app for IPO allotments and block deals.
The app shows growing profits, but withdrawals need fees, and the app and group vanish.

What it looks like

Example messages. Numbers and links are masked.

Welcome to the Stock Market Learning Group. Our institutional account gives you guaranteed IPO allotments. Download the app to start.

Your profit of Rs 18,40,000 is ready. Pay 15% service charge to withdraw.

Red flags

A famous name in an ad that leads to WhatsApp
An "institutional account" or a special app
Guaranteed allotments or returns
Fees to withdraw your own money

The one question to ask

Is the app from a SEBI-registered broker, and can you find it on that broker's own website?

Already paid or shared details?

Call 1930 at once: in the first hour the money can often still be frozen before it moves on. Then call your bank on the number printed on your card, and file a complaint at cybercrime.gov.in with screenshots of every message and payment.

1930 · cybercrime.gov.in

Also seen as

IPO allotment groups
Fake commodity and forex platforms

What people are saying

ScamBhai desk2026-10-25Stock tips WhatsApp group with a fake trading app

How the stock tips group trap usually works. Someone is added to a WhatsApp group run by a "professor" or "SEBI registered analyst" with a famous-sounding name. Every day there are market tips, screenshots of big profits, and members thanking the admin.

After a week, members are asked to download a "institutional trading app" to get IPO allotments and block deals at discounts. The app shows the…

From the ScamBhai desk: a composite of common reports, not one person's story

#StockMarketScam

Replies: 0

ScamBhai desk2026-10-25Stock tips WhatsApp group with a fake trading app

A man in Mangaluru was added, without asking, to a WhatsApp group named after a well-known brokerage that posted daily stock tips. Once he trusted the admins, they sent him a link to join their "online platform".

Over about two weeks he paid instalments into several bank accounts they gave him. When they asked for more money so he could "receive the full profit", he grew suspicious and spoke to…

From the ScamBhai desk, based on a news report: Deccan Herald, 17 Nov 2025 · Source

#StockMarketScam

Replies: 0

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