Investors Should Be Cautious of Unregulated Platforms That Offer Algorithmic Trading

Many unregulated platforms are giving investors Algorithmic Trading services/facilities to automate their trades, according to the Securities and Exchange Board of India (SEBI). Strategies are being pushed with “claims” of massive returns on investment, as well as “ratings” awarded to them and assertions that comparable returns will be made in the future.

Investors should be aware that these platforms are unregulated, and that there is no system in place to address investor grievances. As a result, investors should avoid dealing with such unregulated platforms and should not provide any critical personal information to them.