🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Nithin Kamath warns of explosion of fake apps that mimic broker interfaces, promise easy trading profits

Money Control

Money Control · 10m ago

Nithin Kamath warns of explosion of fake apps that mimic broker interfaces, promise easy trading profits

Zerodha's co-founder, Nithin Kamath, has issued a warning about the increasing number of fake trading apps that deceive users by mimicking popular broker interfaces and promising easy money. Kamath explains that these scams start by adding users to WhatsApp groups and prompting them to install fake trading apps that resemble genuine platforms. In the beginning, users are allowed to make profits to convince them of the app's legitimacy, but when they attempt to withdraw the money, they are asked to make upfront payments, after which the scammers disappear. Kamath advises people to be skeptical of claims of easy money and not to fall for such scams.

Related News

Retail trading may be impacted if giants like Jane Street step back, warns Zerodha CEO

YourStory

YourStory · 12d ago

Retail trading may be impacted if giants like Jane Street step back, warns Zerodha CEO

Zerodha CEO Nithin Kamath warns that retail trading could be affected if proprietary trading firms like Jane Street scale back activity, as they constitute nearly 50% of options trading volumes. The Securities and Exchange Board of India (SEBI) barred Jane Street for manipulating indices, impacting exchanges and brokers. The firm's potential pullback may significantly reduce market activity, demonstrating reliance on such firms for maintaining trading volume. Kamath praised SEBI's regulatory actions against alleged "blatant market manipulation."

Zerodha sees end of zero brokerage model after new fee rules

Economic Times

Economic Times · 1y ago

Zerodha sees end of zero brokerage model after new fee rules

Zerodha, India's largest discount broker, may have to abandon its zero-brokerage model and increase derivative trading fees following a mandate by the market regulator, SEBI. The new fee structure, which comes into effect in October, aims to curb excessive trading in segments like derivatives. Nithin Kamath, CEO of Zerodha, said the changes will have a significant impact on the industry and that other brokers will also need to adjust their pricing. The move has caused a drop in stock prices for listed brokerages such as Angel One, SMC Global Securities, and Motilal Oswal.

Zerodha started in 2010; It took me 20yrs to be successful, says Nithin Kamath

IndianStartupNews

IndianStartupNews · 1y ago

Zerodha started in 2010; It took me 20yrs to be successful, says Nithin Kamath

Nithin Kamath, the CEO of Zerodha, India's largest stock brokerage firm, shared insights on success and hard work in a podcast. He began trading in 1997 and started Zerodha in 2010, with significant success coming in 2016, illustrating that it took 20 years for his journey to succeed. Other guests, including Nikhil Kamath, also discussed the role of hard work in achieving success. Zerodha, specializing in discounted brokerage services, recorded substantial revenues and profits in fiscal year 2022.

Take a break & recharge: Nithin Kamath advises traders amid market crash

Inshorts · 3m ago

Take a break & recharge: Nithin Kamath advises traders amid market crash

Zerodha Co-founder Nithin Kamath on Wednesday advised investors to "take a break from trading and recharge" as global markets witness widespread volatility over US' reciprocal tariffs. "Over the next 10 days, there are only four trading days...Good time to follow this advice," Kamath said. "Judging by what's happening, you're going to need it," he added.

Nithin Kamath urges trading break amid market volatility

Inshorts · 3m ago

Nithin Kamath urges trading break amid market volatility

Zerodha's Nithin Kamath recommended that investors avoid trading this week due to market holidays and rising volatility. He emphasized mental clarity over impulsive decisions and introduced Zerodha’s new ‘Portfolio Performance Curve’ feature on Console, allowing users to benchmark their portfolio against Nifty 50. Kamath urged strategic patience during uncertain market phases.

Zerodha's Nithin Kamath sounds alarm: Phony trading apps mimic brokers in India

Livemint

Livemint · 1y ago

Zerodha's Nithin Kamath sounds alarm: Phony trading apps mimic brokers in India

Zerodha CEO, Nithin Kamath, has raised concerns about phishing websites and fake trading apps targeting Indian investors. Fraudsters are creating websites and apps that resemble those of Indian brokers, tricking users into downloading them and transferring money. This comes after the Chinese loan app scandal and amidst a rising number of fraud cases in India. The government is planning to crack down on such apps on Google Play Store and Apple app store. The Reserve Bank of India reported around 13,000 bank fraud cases in fiscal year 2023.

Nithin Kamath sounds alarm over digital arrest frauds in India

Economic Times

Economic Times · 3m ago

Nithin Kamath sounds alarm over digital arrest frauds in India

Zerodha co-founder Nithin Kamath warned about the rise of digital arrest frauds in India, where scammers pose as law enforcement officers to extort money. Victims, often senior citizens, are tricked into thinking they face legal trouble unless they pay up. Scammers use fear and sophisticated tactics, including fake identities and extensive personal information, to deceive their targets, leading to significant financial losses. Kamath advises caution against unknown calls and messages.

SEBI Bans Exchanges From Sharing Data With Fantasy Stock Market Apps

Inc42 · 1y ago

SEBI Bans Exchanges From Sharing Data With Fantasy Stock Market Apps

The market regulator has banned stock exchanges from providing real-time share price data to fantasy trading platforms that gamify stock trading. Intermediaries must follow guidelines if they wish to share data with third parties. This move could potentially bring an end to the fantasy stock trading industry, according to Nithin Kamath, the CEO of Zerodha.

Trading volumes down 30% across stock brokers; Zerodha’s clocked negative growth: Nithin Kamath

Economic Times

Economic Times · 4m ago

Trading volumes down 30% across stock brokers; Zerodha’s clocked negative growth: Nithin Kamath

Trading volumes have decreased by 30% across stock brokers, marking the first time Zerodha has experienced such degrowth since its inception 15 years ago, according to CEO Nithin Kamath. He noted that the industry is facing challenges due to market slowdown and the 'True to Label' circular issued by Sebi, impacting brokers' revenues. Kamath warned that persistent declines in trading could significantly reduce the government's revenue from the securities transaction tax (STT).

Zerodha’s Nithin Kamath Warns Against Stopping SIPs Amid Market Fall

OutlookIndia

OutlookIndia · 4m ago

Zerodha’s Nithin Kamath Warns Against Stopping SIPs Amid Market Fall

Zerodha co-founder Nithin Kamath cautions investors against halting SIPs amid market downturns, emphasizing market cyclicity and the inevitability of corrections following the post-pandemic surge. He urges investors to persevere, highlighting the benefits of consistent investing for averaging across market cycles. Kamath advises against panic-induced sales and warns about leveraging investments, noting that disciplined, diversified, and regular investments enhance long-term success chances. He stresses on not being swayed by short-term market fluctuations.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

Exclusive: Porter turns profitabl ...

Who is Varun Mohan, the Windsurf ...

Download the medial app to read full posts, comements and news.