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What is phishing via fake trading apps?

Phishing scams often involve fake mobile apps mimicking real trading platforms. Victims download these apps, enter login credentials, and unknowingly give scammers access to accounts. Some apps even display fake account balances to encourage deposits before freezing withdrawals. To avoid such scams, download apps only from official stores (Google Play, App Store) and confirm developer names. Brokers always list official app links on their websites. Traders should be cautious of APK files shared via social media or email.