Hyderabad city Police warn against online trading, investment frauds

The city police have issued a public advisory cautioning citizens against a sharp rise in online trading and investment frauds reported across the city.

According to the Cybercrime Wing, fraudsters were targeting victims through social media platforms, Telegram channels and WhatsApp groups by promising high or guaranteed returns in cryptocurrency, forex and stock trading.

Police said scammers usually pose as investment advisors and



gradually gain the trust of victims before persuading them to invest small amounts. Fake trading websites, mobile apps and dashboards are then used to display false profits, encouraging victims to invest more money.

“When withdrawals are attempted, fraudsters demand additional payments in the name of taxes, processing fees, compliance charges or currency conversion costs. Despite repeated payments, victims are never allowed to withdraw funds,” officials said.