Investment Scams
Australians lose more money to investment scams than any other. So how can we help?
Investment scams can be hard to spot, so before investing, take a moment and let Sell Securely do the background check for you.
Sign up here, give us their details and we will contact them and check their details for you.
What is an investment scam and how can we help?
Investment scams involve promises of big payouts, quick money or guaranteed returns. Always be suspicious of any investment opportunities that promise a high return with little or no risk – if it seems too good to be true, it probably is – and is highly likely to be a scam.
We do not check the investment you are about to invest in, but we can validate the person is who they say they are and the bank details are correct. Generally, scammers use fictitious names and once your money is in their account, it’s gone!
Before you invest, you should ask yourself if you are willing to lose some or all of the money you have invested and know that if you go ahead, you are investing with little or no protections behind you.
We do not provide any investment advice.
How to spot an investment scam.
They sound like the real deal
A scammer claiming to be a stock broker or portfolio manager calls, emails or contacts you on social media and offers financial or investment advice. They may even claim to be from an investment firm or company you have heard of, as scammers sometimes impersonate these businesses to seem legitimate.
Be aware ‘investment opportunities’ that promise a high return with little risk
If the advertised price of a good, or service looks too good to be true, it probably is. Scammers place ads for a very low price for an expensive item.
Red-flag investments
The scammer may claim that they do not need an Australian Financial Services licence or that they are approved by an actual government regulator or affiliated with a genuine company. The investments offered in these cold calls are usually share, mortgage, or real estate high-return schemes, options trading or foreign currency trading. The scammer usually operates overseas and will not have an Australian Financial Services Licence.
Get Pay Ewe's help today.
Let us validate the investment potential. Make sure the person is who they say they are and the bank details are correct with Securely.
