简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Malaysian SC Issued a Warning on 2 Unauthorised Entities
Abstract：Recently, the Securities Commission Malaysia (SC) has added two unauthorised forex brokers to its Investor Alert List. According to the updates, these companies are conducting suspicious capital market activities but without a licence from the SC. Here is the list:
1. Potential clone entity - Axim Trade Financial Management / Axim Trade Investment
• Possible clone operating an illegal investment scheme offering high returns e.g. return of RM 13,600 with investment of RM8,000
• Carrying on unlicensed capital market activities of fund management
2. Holdings Trading
• Illegal investment scheme offering high returns e.g return of RM 8,000 in 3 hours with investment of RM500
• Carrying on unlicensed capital market activities of dealing in securities
As a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market, the watchdog is here to inform investors that the two firms do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities under the Capital Markets and Services Act 2007.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
WikiFX Broker Assessment Series | Lirunex: Is It Trustworthy?
In this article, we will conduct a comprehensive examination of Lirunex, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
Italy’s CONSOB Blocks Seven Unregistered Financial Websites
Italy’s CONSOB ordered seven unauthorized investment websites blocked, urging investors to exercise caution to avoid fraud. Learn more about their latest actions.
CySEC Warns Against Unauthorized Investment Firms in Cyprus
CySEC warns investors about unregulated investment firms in Cyprus. Verify broker reliability through the WikiFX app to stay protected from scams.
STARTRADER Issues Alerts on Fake Sites and Unauthorized Apps
STARTRADER warns against counterfeit sites and apps using its brand name. Protect yourself by recognizing official channels to avoid fraudulent schemes.
WikiFX Broker
Latest News
JUST Finance and UBX Launch Multi-Currency Stablecoin Exchange
WikiFXXM Revamps Website with Sleek Design and App Focus
WikiFXGlobal Shift in Cryptocurrency Taxation: Italy and Denmark Chart New Paths
WikiFXWebull Introduces 24/5 Overnight Trading to Extend U.S. Market Access
WikiFXTradingView & Mexico’s Uni. Partnership, to Enhance Financial Education
WikiFXSomething You Need to Know About SogoTrade
WikiFXeToro Launches Global-Edge Smart Portfolio: A Balanced Approach to Growth and Stability
WikiFXDarwinex advises traders to update MT4 & 5
WikiFXRevolut X Expands Crypto Exchange Across Europe, Targeting Pro Traders
WikiFXBroker Review: Is Exnova Legit?
WikiFXCurrency Calculator
