Nowadays, the same kind of videos, reels, and stories are seen everywhere on social media: “Earn lakhs from home, just invest a little and become a millionaire”. These videos are often of those people whom we call Finfluencers. That is, such influencers who sell you dreams in the name of trading and investment.
But what is the reality? Can you become rich overnight by joining an app or group? Let’s understand this whole game in simple language.
Trading and Gambling: What is the Difference?
First of all, it is essential to know what real trading is.
- In trading, you buy an asset, such as a company’s share, a currency, or a cryptocurrency.
- When the value of that asset increases, you sell it, and from there you get your profit.
This is a kind of business in which there is also risk, but your hard work and knowledge are valuable assets in it.
But in the apps and finfluencers that are promoting, you don’t buy anything. You are only predicting whether the graph will go up or down for the next minute. That is, there is no buying and selling of tangible assets, but only gambling is being done.
How do these apps trap you?
- Easy interface – The app is designed to be so simple that trading feels straightforward.
- Fake graphs – The graph you see moving in front of you is not of the real stock market but is created by the app itself.
- Showing the first profit – In the beginning, when you invest $10 or ₹1000, you are deliberately shown a small win. This builds your trust, and you start investing more money.
- Withdrawal difficult – When you think that now I should withdraw the profit, then it becomes difficult to withdraw the money.
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The Role of Finfluencers
Now the question is, how do these finfluencers benefit from?
- When you download the app from the link they provide, they get a commission.
- If you lose money in the app, they also get a share of it.
- This is why these people keep showing screenshots, videos, and fake proofs so that you believe them.
Some influencers even remove the promotional part from their videos later so that they don’t get caught.
Why are These Apps Banned in The World?
If you are thinking that only people in Pakistan or India are troubled by them, then it is not so.
- In the USA, Canada, the European Union, Australia, Japan, and several other countries, binary trading apps are illegal.
- The reason is simple: they are not trading platforms, they are gambling platforms.
- But in countries with low financial literacy, people are more likely to fall for them.
Pakistan and Financial Literacy
According to a 2015 survey, only 26% of people in Pakistan are financially literate. That is, 74 out of 100 people do not even have a basic understanding of banking, savings, and investment.
This lack of awareness makes it easy for finfluencers to sell dreams like: “If I can become rich, so can you.“
Real Trading vs. Fake App Trading
| Real Trading | Fake App “Trading” |
|---|---|
| You buy real assets (stocks, currencies, crypto) | You buy nothing at all |
| Profit depends on actual market growth | Profit/loss is based on predictions |
| Regulated by financial laws | Controlled by the app operators |
| Risk exists, but long-term growth is possible | Long-term losses are almost guaranteed |
Why Do People Fall for It?
- Get-rich-quick dreams – Everyone wants instant success with minimum effort.
- Fake Proof – Finfluencers show luxury lifestyles, bank balances, and screenshots.
- Greed – When someone doubles a small amount, they risk bigger money – and that’s when real losses begin.
What is the lesson?
- Real trading has no shortcuts – it requires knowledge, patience, and discipline.
- Never trust random apps or influencers with your money.
- If you want to invest, choose regulated options like banks, stock exchanges, or mutual funds.
Finfluencers sell you dreams – “2024 is your last chance, become a millionaire in 2025.” But behind these claims lies nothing but gambling apps that feed on your greed.
The truth is: these apps and their promoters are modern-day scammers. They make money not by trading, but by making you lose yours.
If you want financial freedom, then start with fundamental knowledge and real investment. Otherwise, these scammers will rob you of your dreams as well as your money.
Next time a finfluencer sends you a link saying “Just invest $10 and become rich”, remember this: real trading requires hard work, not gambling disguised as opportunity.
My name is Farhad Dawar and I am graduate of the Institute of Media and Communication Studies Bahaddin Zakariya University Multan Pakistan. I’m passionate about journalism and media, and I believe in journalism of courage, uncovering the truth, and shaping the future.
- Farhad Dawarhttps://dawartimes.com/author/admin/
- Farhad Dawarhttps://dawartimes.com/author/admin/
- Farhad Dawarhttps://dawartimes.com/author/admin/
- Farhad Dawarhttps://dawartimes.com/author/admin/
