PSX Scam Alerts & Investor Safety
Fraud around the share market is common, especially on WhatsApp, Telegram and Facebook. Knowing the warning signs can save your savings.
The golden rules
- Never send money to anyone’s personal bank account or wallet for trading. Pay only into your broker’s official company account.
- Never share your broker, CDC or NCCPL passwords or OTP codes with anyone.
- No one can guarantee profit in the share market. A promise of “fixed monthly profit” is a red flag.
Common scams
| Scam | How it works |
|---|---|
| “Guaranteed profit” groups | Groups promise daily tips or fixed returns, take a fee or your money, then disappear or blame “the market”. |
| Money management | Someone offers to “trade for you” with your money or your login. Only SECP-licensed companies may manage other people’s money. |
| Pump and dump | A small, rarely traded share is hyped so people buy, while the promoters quietly sell at the top. |
| Fake brokers and apps | Look-alike websites, apps or “agents” using a real broker’s name ask you to deposit money. |
| Fake IPO allocation | Offers of “guaranteed IPO shares” for a fee. IPOs are applied for only through your broker, PSX e-IPO or CDC. |
| Impersonation | Fake profiles of well-known analysts or channels message you directly asking for money. |
About us: Gharera Trading is an education company. We do not give buy/sell signals, manage money, or ask anyone to deposit money for trading. Our only paid product is our course, bought on this website. If anyone claiming to be us asks for money for trading or tips, it is a scam. Contact us on WhatsApp 0324 3186809 to check.
How to check a broker
- Check the broker appears on the PSX list of TREC holders and is licensed by SECP. See our broker guide.
- Open your account in your own name and turn on CDC and NCCPL SMS and email alerts, so you know every time shares or money move.
- Check your CDC account statement regularly against your broker’s statement.
Where to complain
- Your broker first, in writing.
- PSX investor complaints, through the PSX website (psx.com.pk).
- SECP Service Desk for complaints about brokers, companies or unlicensed schemes (secp.gov.pk).
- SECP’s investor education site jamapunji.pk has more warnings and guides.
The best protection is knowing what you’re doing
People who understand charts and risk don’t need tip groups. Our Urdu course teaches you to analyse shares yourself, so your decisions stay in your own hands.
See the full courseThis page is for education and information only. It is not investment, tax or legal advice. Rules and rates change, so always confirm with your broker, NCCPL, FBR or a qualified advisor.