A Stray Bullet

In the fast-growing fintech world, stock markets have grown dramatically. About 15,000,000 new investors have joined the stock market since March 2021. 

The trading account and the demat account are two key components of stock trading, but what is a demat account and what is the difference between a demat account and a trading account? Simply put, a trading account is the place where you keep that part of your money which you want to invest, whereas a demat account is the place where you keep stocks and other investments 

which you have bought.

As the number of investors is increasing rapidly, the chance of certain malpractices are also on the rise. Some common malpractice that an investor needs to be aware of are:

  • Portraying garbage as gold to get some money: Many traders pitch in to sell penny stocks, fraudulent banks and other inappropriate stocks to make you invest for higher returns, but it never happens.
  • Trying to play with your mind: Many times brokers try to entice you by targeting you for your ethnic group, gender, social status, religion and more.
  •  Unnecessarily taking upfront payments: Many times they take xeeeno advance payments for commodities which are going to arrive, but they never really arrive. Also, they may take heavy account opening charges.
  • Power of Attorney (POA): Brokers may take Power of Attorney from the investors for trading and later misuse them for their personal benefits.

Securities Exchange Bureau of India (SEBI) and Reserve Bank of India (RBI) regulate and handle these issues and malpractices. However, solely relying on the governing bodies is not enough, we need to be careful from our side too. So what can we do to avoid getting fooled and losing our hard earned money? Here are some guidelines to follow for getting Forex smart trade into the world of market investments, that would save you from such frauds:

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