Is Smarttrader.deriv.com Legit or a Scam? Info, Reviews and Complaints

These scams can take many forms, but some common types include:

Pump and dump schemes: Scammers promote a stock or cryptocurrency as the next big thing, encouraging investors to buy in. Once the price of the asset has been artificially inflated, the scammers sell their own holdings, causing the price to crash and leaving other investors with losses.

Advance fee scams: Scammers will offer to invest your money for you, but require an upfront fee for their services. Once they receive the fee, they disappear, leaving the victim with no investment and a loss of the upfront fee.

Unregistered securities: Scammers may offer investments in unregistered securities that are not regulated by the government or securities agencies, and often have no real value.

To protect yourself from investment scams, it's important to be cautious and conduct thorough research before investing your money. Avoid investments that promise high returns with little or no risk, as all investments carry some degree of risk. Check the legitimacy of the investment company and the securities being offered, and never invest more than you can afford to lose. If you suspect that you have fallen victim to an investment scam, report the incident to the appropriate authorities and take steps to protect your personal and financial information.

Ponzi schemes: Scammers promise high returns on investment, but instead of using the money to invest, they use the funds to pay returns to early investors. The scheme eventually collapses and investors lose their money.