A 47-year-old unemployed man in Muar lost RM310,000 after a YouTube “high-return” investment led him to an app promoted via WhatsApp, showing fake profits of RM2.5 million before demanding an extra RM382,811.60 in “fees” to withdraw.
A 61-year-old former accountant in Johor lost RM469,875 after responding to a TikTok ad for Bursa Malaysia “investments,” communicating via WhatsApp, joining a chat group, and making 13 transfers to multiple company accounts. Scammers lured him with promises of 7%–15% returns and an initial “profit” payout of RM14,763 before pressing for more deposits
A Johor Baru kindergarten owner lost her life savings of RM1.3 million to a non-existent online investment scheme after responding to a social media ad promising returns of up to 41%. Between Nov 6–21, she made multiple transfers to several accounts and was later pressured to “add funds” to release profits that never materialised. She lodged a police report on Nov 28; the case is being probed under Section 420 (cheating).
A raid in Triang uncovers eight Chinese nationals allegedly running an investment scam via Telegram, Investigation shows that a local individual is believed to be the mastermind behind the operation
Malaysia’s Securities Commission warns that complaints about unlicensed investment activities have doubled in five years—3,602 cases in 2024 and 2,039 in H1 2025—highlighting increasingly sophisticated scams targeting even professionals and seniors. Schemes often mimic legitimacy, then block withdrawals via “compliance” or “maintenance” excuses. The core defense is pre-investment verification and ongoing risk control.
Starting Nov 1, Malaysia SC enforces strict financial ad rules, reshaping forex promotions. Learn how brokers and investors will be affected.
A new regulatory measure by the Securities Commission Malaysia (SC) is set to change the country’s online trading and financial influencer landscape. Starting 1 November 2025, any trader or influencer caught promoting an unlicensed broker could face a fine of up to RM10 million, a prison sentence of up to 10 years, or both.
Before choosing a forex broker, it's crucial to spot red flags that could cost you. MTrading has raised concerns among traders, including delayed withdrawals, poor customer support, and questionable transparency. Users also report issues like slippage and platform glitches, which can harm your trading performance. In this article, we highlight the top 5 warning signs that explain why you should avoid MTrading broker and choose a more reliable alternative.
Reputed authorities like the FCA have issued warnings against brokers who act genuine but are actually fake brokers. They copy details such as logos, names, branding, and sometimes even employee appearances to trick investors and steal money from them.
Investors, Pay Attention! This is a serious warning from the Securities Commission Malaysia against 5 scam brokers operating in the forex market without a legal license. Here is the list of 5 fake brokers you must avoid.
When selecting a broker, understanding its regulatory standing is an important part of assessing overall reliability. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about Just2Trade and its licenses.
Malaysia’s financial regulator has issued a warning to investors regarding two trading platforms, namely InstaForex and InstaTrade.
With multiple regulatory entries and one license now revoked, Aetos stands as a broker requiring closer scrutiny from investors, particularly those prioritizing license scope and jurisdictional compliance.
The Securities Commission of Malaysia (SC) has initiated enforcement action against cryptocurrency trading platform Bybit and its CEO for operating a digital asset trading business without proper registration.
The Securities Commission Malaysia (SC) has issued an updated Investor Alert List for September, highlighting unauthorized websites, investment products, companies, and individuals involved in unregulated financial activities.
A former CIMB investment banker, Ruwan Amaresh Shaun Ponniah, has been formally charged by the Securities Commission (SC) in Kuala Lumpur for defrauding investors of RM201,000.
The Malaysia Securities Commission (SC) has issued a formal alert, warning the public about a newly identified investment scam that uses fraudulent Information Memorandums (IM) to deceive potential investors. This scheme falsely claims that the companies involved have either submitted their IMs to the SC or received approval from the Commission, thereby creating a false sense of legitimacy around their investment offerings.
The Securities Commission Malaysia (SC) has raised alarms about the emergence of scammers enticing investors with pre-initial public offering (IPO) shares of companies seeking listing on Bursa Malaysia.
MX Global, a subsidiary of Cuscapi Berhad, has announced that it has secured approval from the Securities Commission Malaysia (SC) to facilitate the trading of the Worldcoin (WLD) token on its digital asset exchange.
West Texas Intermediate (WTI) oil price pauses its two-day winning streak but is anticipated to conclude the week on a positive note, trading near $77.00 per barrel during the Asian session on Friday.
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