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SBG SI Trader – BEWARE

Recently, a fraudulent WhatsApp group has been circulating on social media, claiming affiliation with an investment app called SBG SI Trader.

This app falsely professes connections with Standard Bank, SBG Securities, and other related platforms, including SBG Securities OST. It also mentions the banks FSCA operating license and an employee of the group, David Hodnett.

The bank has warned all investors that this information is fraudulent. Please remain vigilant to avoid falling victim to phishing scams, cybercrime, or unauthorized access by fraudsters.

Be cautious of any other social media, email, phone (WhatsApp or SMS) communications requesting your personal information. Banks will never ask you to share confidential account details such as your password, OTP pin, or bank card PIN through any means of communication.

To stay safe online and prevent security breaches, identity theft, or financial loss, please follow these practices:

  • Always log out of your trading account when you are done using the platform.
  • Avoid using public internet services via your phone or laptop to access your trading account.
  • Do not click on any unsolicited links asking you to update your details.
  • Avoid following unsolicited links from unknown sources.
  • Do not share your personal and trading account details on public platforms or with anyone.

As crime and fraud are on the rise, let us work together to protect your online trading experience. Report any suspicious activity to the Anti-Fraud and Security department at 0800 222 050 or any phishing scams to phishing@standardbank.co.za

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  1. South Africa is placed 14th in a list of 21 countries ranked by international companies as top prospective investment destinations for 2012 to 2014, according to the 2012 World Investment Report by the UN Conference on Trade and Development (Unctad).