List of Fake Websites and Apps of Listed Companies, Their Subsidiaries and Fintech Startups

Amid the growing popularity of digital investing, a rising number of fake websites have emerged, impersonating reputed companies and intermediaries.

According to a compiled investor complaint-based circular by the NSE, there are 656 fake websites, links, and app names flagged as suspicious. These include false domains and entities using the names of leading financial firms to deceive users.

Let’s take a look at a few of these fraudulent websites that misuse the names of well known listed companies, potentially misleading unsuspecting investors.

Fake Platforms Misusing Trusted Names

Among the list of deceptive entities, several names stand out due to their mimicry of credible institutions and their attempts to exploit public trust.

1. mcxliveresearch.in

This website falsely uses the name of Multi Commodity Exchange of India Ltd (MCX). It presents itself as a research or advisory platform, but has no official connection with the regulated exchange.

2. paytmmoney.top

A misleading URL crafted to look like the legitimate Paytm Money platform. Paytm Money is Fintech startup based out of Bengaluru. It is not affiliated with the genuine paytmmoney domain or its services.

3. BOB Global

BOB” being used to trick users into thinking it is affiliated with the well-known PSU bank or its capital markets arm. Investors should verify such claims through official banking channels.

4. kotaksecurities.zerodhaweb.com

A deceptive URL designed to mimic the credibility of two of the brokerage firms. By combining elements of both names, this fake domain attempts to mislead users into believing it's an official trading or advisory platform.

5. hdfcsec.xyz

This domain falsely uses the name of HDFC Securities. It may mislead users into thinking they are accessing the official HDFC trading platform. However, it could pose serious risks to users’ financial data and personal information.

6. Jioeat

This website falsely uses the name and branding of Reliance Jio and claims to be affiliated with Reliance Retail. It presents itself as a food delivery platform active in multiple cities, including Bengaluru, Delhi NCR, Mumbai, Hyderabad, and Pune.

However, it has no official connection with the Reliance Group. Users have reported being misled by offers, only to be scammed through inflated charges. The platform poses a risk of financial fraud and data misuse.

What Should Investors Be Aware Of?

• Confirm any trading or investment offer through the official website of the company.
• Be wary of platforms offering guaranteed returns, premium signals, or unregulated advisory services.
• Never share personal or demat account credentials on platforms that are not SEBI-registered.
• Use the SEBI SCORES portal or NSE investor grievance mechanisms to report suspicious activity.

Read More: SEBI Launches #SEBIvsSCAM to Save Investors from Fake Apps and Fraud Tips.

Conclusion

The rise of fake websites and fraudulent platforms targeting investors highlights the importance of verifying sources before taking financial decisions. Names like MCX, Paytm Money, Bank of Baroda, and Angel One have been misused by malicious actors to gain trust. Staying informed and cautious is key to safeguarding investments in the digital age.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.