I've recently joined a investment group 2 months ago, the group is similar to the one mentioned below:

First, you will be invited to an investment group, a teacher and an assistant will approach you to give free lessons. They will share some stock trading tips which would make you gain profit if you followed. They will also register you to join the 1 hour online trading class every Sunday to Monday for free.

The members of the whatsapp group are very active, they will share their daily life photos and do a lot of discussions of trading. Their profile pictures are visible and some are not, just like normal whatsapp group. Some group members will pm you personally to make friends with you, they will act like they are newbie and they have bad experiences in stock trading, they also scare to be scammed, comforting you that you're not the only new guy. They will even form a small group and invite you in, to protect each other.


I am cautious and thinking that I might be involved in a scam group. They are using a reputable institutional fund as their name but i believe they are not the actual person running the reputable fund. What do you all think?

I am not sure if they have license to trade, they could have impersonate a financial expert/ institutional fund and operate in whatsapp group. They even asked people to download an app and deposit funds inside to trade, doing buy calls for stocks, IPO subscription etc.

One of the members even mentioned that they had video call with CEO. the daily night classes was taught by CEO.

My thought is that which CEO is so free to do all these?

I am thinking they are waiting for people to enter more and more funds until a point that its fat enough. They will then exit.