If you are also fond of online trading then there is big news for you. This hobby of online trading can cause you huge losses. It is not us but the government itself that is saying this. The government's cyber security wing Cyber Dost has issued a warning regarding trading app Angel Guard.
What did the cyberfriend say?
Cyber Dost, who works under the Ministry of Home Affairs, has posted on his X account saying that do not become a victim of fraud - empower yourself with knowledge and protect your investments. A screenshot of an app has also been shared from the account which is of the Angel Guard app.
Simply put, the government has forbidden the use of the Angel Guard app. If you trade through this Angel Guard and invest money in the market, you may suffer huge losses and you may be cheated.
RBI also warned
Let us remind you that a few days ago the Reserve Bank of India (RBI) issued an alert regarding 75 such trading apps that are not authorized by Forex. Trading through these apps can prove dangerous for you and your hard-earned money will be lost. According to RBI, financial fraud can happen to you through these apps, and the government and RBI will not be responsible for it.
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