Tempted by professional-looking social media adverts and websites, investors have been signing up to ‘get rich quick’ online trading platforms – only to find they have been scammed.
In the last financial year, reports of crypto and forex investment scams tripled to 1,800, with the average victim losing £14,600.
The FCA’s ScamSmart campaign, supported by the City of London Police, will be running social media adverts to try and combat the allure of fake platforms, some of which claim to be endorsed by celebrities.
