A common method used by fraudsters is to post adverts online using search engines. You will search for an investment bond, a type of stock or pension and you will find their website. They may offer very high returns on speculative investments, or impersonate legitimate FCA registered companies. When you express an interest, you receive a call from a fake broker whose job is to part you from your money. Be wary of firms you found via online adverts.

Equally, be wary of companies that contact you out of the blue — cold calls, texts, social media messages, emails or brochures. The telephone is a favourite of scammers offering Forex, Stock Market and Bonds with high returns.

Later warning signs include hidden fees when you try to withdraw — “taxes”, “administrative fees” you must pay upfront. If you're asked to send money by bank transfer (or any method) to release returns, it's probably a fraud.

Legitimate opportunities never pressure you. Time-limited rates, “inside info” about stocks, or urgent forex events are classic ploys. If they tell you to keep it secret from friends, family, or your bank, it is almost certainly a scam.

Check the Financial Conduct Authority (FCA) Register to confirm the firm and individuals are authorised. Use the FCA warning list to see if it’s a known fraud.

Banks use Confirmation of Payee when you send money — if the name doesn’t match who you think you’re paying, and the “broker” makes excuses, treat it as a red flag.