How To Avoid Investment Scams
Getting scammed at any point in time can be a very devastating experience and no one wishes to find themselves in such situations. These days there are several platforms that offer investment plans that are fake and unrealistic, and if you are not careful, you may be forced to fall for them and lose all of your money.
In order not to be a victim of such circumstances, here are some tips that can help you avoid getting scammed:
1. Verify The License and Registration of The Company you want to Invest In
A very good way to find out if an investment company you want to invest in is licensed and registered is to do your research by simply using the Google search engine to check for and read about the authenticity of the company. For Nigerians especially, visiting the Securities and Exchange Commission (SEC) website online at www.sec.gov.ng is a way to find out if the company is registered and licensed to carry out such operations.
2. Watch Out for Promises Of High Rates Of Return And/Or Quick Profit
It is important to not get carried away by the promises from these fraudsters because they may make things look very easy but if it sounds too good to be true, it most likely is. Fraudulent people know what to say that appeal to people and this can be very tricky. There isn’t any such thing as a NO risk investment, the higher the investment, the higher the risk level. Do not fall for this trap at all.
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3. Look Out For Unsolicited Offers
If you receive a call out of the blue offering an amazing investment opportunity you can be sure that it could be a warning sign of a scam. This is a very significant way on which these fraudulent people act so always treat unsolicited phone calls with skepticism and curiosity.
4. High-Pressure Sales? Beware!
This is also one of the tricks used by con artists to get you to part with your money. They talk you into acting now and fast but do not fall for this tactic. Always take your time and make an informed decision.
5. Ask For Terms and Conditions
Do not invest in something until you have a written agreement from the company (this is usually the “Terms and Conditions” for online platforms) and you have taken the time to check it out. It may not seem very necessary but it is worth it and will save you from getting scammed. If you are being told that a Terms and Conditions document isn’t necessary or available, run away, it’s a red flag.
Conclusively, many scams online and on social media are being promoted a lot; learn to treat any investment opportunity you see advertised online with curiosity and strong skepticism. Always do your research so you do not fall prey to these fraudsters.