Investing term
What is Phishing?
Fake emails, SMS, or messages impersonating your broker to steal your login or money.
Phishing is a scam where fake emails, texts, or calls impersonate your broker, bank, or a trusted service to trick you into handing over login details or money. The messages often manufacture urgency — a "locked account" or "suspicious login" — to make you act before thinking. The defense is simple: never click links in such messages; navigate to the site yourself.
For example
An email "from your broker" warns of a breach and links to a login page that looks real but harvests your password — classic phishing.
Phishing is taught hands-on in Stage 9 — Fees, Scams & Protecting Your Money.
See the lesson →