Exposed by SC: The Latest Investment Scams Targeting Malaysian Investors

The Securities Commission Malaysia (SC) has updated its Investor Alert List for March 2025, warning the public about unlicensed investment schemes and fraudulent financial entities. These organisations operate without regulatory approval and pose serious risks to investors.

The SC emphasised that while this list serves as a useful guide, it is not exhaustive. Investors should remain cautious, conduct thorough research, and verify the legitimacy of investment.

The SC has flagged several unlicensed entities conducting financial activities without approval. Many of these scams attract investors through social media, making false promises of high returns within short periods. Although the SC has identified and exposed some of these fraudulent schemes, many others continue to operate, targeting unsuspecting individuals.

Among the entities listed is Saham PDI Syariah, which claims to offer RM45,000 in just three hours from an initial investment of RM1,000. Similarly, Trading Untung Malaysia advertises potential earnings of RM7,500 from an investment of RM300. Other schemes such as Trade Pro, Sahabat Trade Pro / Trade Pro Investment, and Bitcoin Investment promote similarly unrealistic returns, raising major concerns about their legitimacy.

Additionally, entities such as One Trade Investment, INF-9, SILEGX, World Trading Developer Investment, XGI Horizon, FY-VIEW, and Rizq Nasional have been identified as illegal investment platforms or unregistered digital asset exchanges. The SC has warned investors to stay away from these entities, as they are not regulated and may result in financial losses.

Some scammers go a step further by impersonating real financial companies to appear trustworthy. The SC has identified several of these so-called “clone entities” that misuse the names and logos of authorised firms to deceive investors.

Entities such as Golden Palm Academy, Tokenize, Sahamwawasan, Usmart / Usmsg, Sinar Empayar, Uphold, and Impiana Prima have been flagged for engaging in fraudulent activities under the disguise of legitimate financial institutions. Tokenize, in particular, has been caught illegally using the name of Tokenize Technology (M) Sdn Bhd, a legally registered digital asset exchange.

The SC urges investors to always verify whether an investment firm is licensed by checking its official website. If a company is not registered, it is best to avoid it entirely. Individuals should also be wary of investment opportunities that sound too good to be true, especially those promising extremely high returns in a short period.

The SC encourages the public to report any suspicious investment schemes to help prevent financial fraud. As scammers develop more deceptive tactics, awareness and due diligence remain the most effective ways to stay protected. By staying informed and cautious, investors can safeguard their finances and contribute to a safer investment environment.

Traders and investors can also use a free mobile application called WikiFX, which plays a crucial role in verifying the legitimacy of brokers and financial platforms. WikiFX provides an extensive database of global broker profiles, regulatory status updates, and user reviews, enabling users to make informed decisions before committing to any financial investment. Its risk ratings and alerts for unlicensed or suspicious entities help investors identify red flags and avoid potential scams. By leveraging tools like WikiFX to research a brokers background, individuals can safeguard their savings and minimise the risk of falling victim to fraudulent schemes.