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📊 Analysis and information · Intermediate · 8 min read · Lesson 24 of 42 · Free with an account

Fake news in trading: how to spot misinformation, deepfakes and pump-and-dumps

Fake headlines can move markets for minutes, and fake endorsements can empty bank accounts. Regulators in South Africa have warned about deepfake videos of well-known people promoting investment schemes. Learning to verify information protects your money.

Common types of misinformation

  • Deepfake endorsements: AI-made videos of celebrities, business leaders or presenters promoting a “trading platform”.
  • Pump and dump: a group buys a small share or token, spreads hype, and sells to the people who join late.
  • Fake screenshots: edited profit screenshots and fake bank alerts used by signal sellers.
  • Rumours as news: unverified claims presented as breaking news on social media.
  • Impersonation: fake accounts of real brokers, regulators or journalists. See Scam Watch.
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Questions people ask

How do I report an investment scam?

Report it to your regulator (FSCA, CMA or SEC Nigeria) and to the police, and keep all messages and payment records.

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Educational content only, not financial, investment or tax advice. Trading forex and CFDs carries a high risk of losing money. Look up any term in the trading glossary.