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
How to Know if the Market is Correcting or Reversing?
In trading, distinguishing between a market correction and a market reversal is crucial for making sound decisions. Misjudging one for the other can lead to missed opportunities or significant losses. While both involve price movements, their causes, duration, and implications differ substantially. Understanding these differences can help traders improve their strategies and adapt to market conditions effectively.
Empowering the Next Generation in Finance with WikiFX: Gen Z’s Investment Journey
With a steadfast commitment to fostering sustainable financial literacy and providing clear, strategic guidance to the next generation, WikiFX has collaborated with Van Lang University and Hoa Sen University to host an exclusive series of financial education workshops. This marks a pioneering initiative by WikiFX in Vietnam, designed not only to deliver foundational knowledge but also to instill a sense of responsibility and cultivate prudent financial decision-making among aspiring young traders.
Robinhood Launches Options Trading in the UK by 2025
Robinhood to introduce options trading in the UK by 2025 following FCA approval. Discover how this expansion aligns with Robinhood's strategy for global growth and new features.
What Impact Does Japan’s Positive Output Gap Have on the Yen?
The Japanese government has announced that, due to a tight labor market, the country’s economic output is expected to return to full capacity in the next fiscal year for the first time in seven years.
WikiFX Broker
Latest News
Russia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
WikiFXWhy is there so much exposure against PrimeX Capital?
WikiFXTwo Californians Indicted for $22 Million Crypto and NFT Fraud
WikiFXRM62k Lost Investment Scam After Joining XRP Community Malaysia on Telegram
WikiFXVictims of Financial Fraud in France Suffer Annual Losses of at Least €500 Million
WikiFXWikiFX Review: Is Ultima Markets Legit?
WikiFXColorado Duo Accused of $8M Investment Fraud Scheme
WikiFXWhat Impact Does Japan’s Positive Output Gap Have on the Yen?
WikiFXMacro Markets: Is It Worth Your Investment?
WikiFXMalaysia Pioneers Zakat Payments with Cryptocurrencies
WikiFXCurrency Calculator
