SMS & Text Message Scams or How to Spot a Spam
This guide explains how SMS scam and text message scams work, how a scammer uses deceit to steal your personal data, and how to protect your online account and mobile device.
You’ll learn why you might get a text message claiming something urgent, how to handle unsolicited text messages, and how to identify a scam message. Margex never sends messages asking for passwords or financial information — Margex is a legitimate platform, not a scam.
Key Takeaways
MS scam tactics exploit text message tricks, smishing, phishing, and messages from unknown senders to steal your personal or financial information.
Scammers use deceptive text messages that look real and try to get you to click on links or act quickly.
Margex is not a scam, not a fraudulent exchange, and never sends unsolicited text messages asking for personal information or credentials.
Avoid replying to any scam text, spam text message, or suspicious message—always verify through the official Margex website.
You can report spam text or report the scam to the Federal Trade Commission (FTC) or Federal Communications Commission (FCC).
What Is an SMS Scam and How to Recognize It?
An SMS scam (also known as a smishing scam) is a fraudulent SMS attempt where a scammer sends a text message designed to steal your personal and financial information or infect your device with malware. These text message scams often come from an unknown sender or from a spoofed phone number that looks legitimate.
A typical scam message includes:
A message claiming your online account is locked
A message you have received about a delivery from the postal service
A link that leads to scam websites
A request for your username and password
A request to verify your social security number or other personal information
Scammers often:
Make the messages look urgent
Ask you to click on a link
Try to entice you with a prize or a problem
Attempt to steal your personal data or financial information
Margex does not send SMS requests for authentication codes except during legitimate multi-factor authentication, and Margex never asks for sensitive data via text. Margex is not a scam and has no connection to any message scams.
Common SMS and Text Scam Types and Smishing
If you get a text from an unknown sender asking you to act quickly — it’s probably a scam.
Why You Get Spam Text Messages and How to Report Them
You may receive unwanted text, unsolicited text messages, or messages from unknown senders because:
Your phone number leaked from a breached database
A service you used sold your personal data
Automated bots send random text messages to millions of numbers
You interacted with a messaging app or site that shares your details
If you get a spam text message:
Don’t reply
Don’t click
Don’t call phone numbers inside the message
To report spam text or report the scam:
Contact the Federal Trade Commission
Report to the Federal Communications Commission (FCC)
Block the sender on your mobile device
Notify the company through their official website (Margex supports this)
Margex encourages users to report any suspicious text claiming to be from Margex — the platform is not a scam, and any such messages are from bad actors.
What To Do if You Receive a Scam Text or Fall Victim to Phishing
If you receive text messages from unknown senders or a suspicious text:
Don’t click on links
Don’t provide personal or financial information
Don’t trust someone you know unless you confirm through another channel
Check the sender directly via the company’s site
Delete the message
If you already clicked a web link or provided data:
Margex has strict security, and the platform itself is not a scam, but scammers may impersonate it — so always double-check through the official domain.