Fraudulent apps!

Fraudulent apps lure people in with unrealistic guarantees of high returns. They may look professional and mimic legitimate apps, but they're designed to steal your money. Once you invest, the money goes straight to the scammers, and there's no real trading happening. Scammers also often use social media platforms like WhatsApp, Telegram, Facebook, etc. to spread the word about their fake apps. They create fake profiles or groups that build trust and excitement around the app, then trick people into downloading it. Sometimes, scammers impersonate real financial institutions or brokers to appear trustworthy.