Securities and Exchange Commission of Pakistan (SECP) has raised fresh concerns over the increasing activity of fraudulent online trading platforms targeting investors in the country. According to SECP, unlicensed websites, mobile applications, and social media-based schemes are exploiting the growing interest in stocks, commodities, and international markets by presenting fake dashboards, fabricated profit figures, and impersonating legitimate identities. These platforms often promise guaranteed, risk-free returns to lure individuals into depositing funds, creating a significant threat to public financial security.
The regulator highlighted that many fraudulent operations mimic legitimate trading interfaces and allow small initial withdrawals to gain investor trust before blocking access to larger deposits. SECP has observed an alarming trend where scammers misuse the names of licensed securities and commodities brokers, financial institutions, market professionals, government officials, finfluencers, and even regulatory bodies to lend credibility to their schemes. Some platforms operate under the guise of free advisory or investment-tip services to attract novice traders, who are then directed toward unauthorized trading links.
SECP reiterated that securities and commodities trading in Pakistan can only be conducted through brokers licensed by the commission. Verified lists of authorized entities are available on official websites of SECP, Pakistan Stock Exchange, and Pakistan Mercantile Exchange. The public is urged not to transfer funds to unlicensed individuals or platforms and to always confirm investment opportunities through legitimate channels. The regulator stressed that verification is essential to avoid falling victim to scams that could result in severe financial losses.
Additionally, SECP warned investors about the risks associated with sharing personal or financial information with unknown sources on social media or messaging apps. Such practices can lead to identity theft, misuse of sensitive data, and significant monetary damage. With the rise of digital finance and online trading, the commission emphasized the importance of due diligence and cautious engagement with investment platforms. Investors are encouraged to exercise vigilance and consult licensed brokers to ensure safe and compliant participation in Pakistan’s trading ecosystem.
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