|

News

    Homepage   >     Original    >     Main body

    WikiFX Visited Forex Broker Makasky in Malaysia

    Abstract:Some investors may remember AL-HIDAYAH, a broker that WikiFX visited in August. Although claimed to be located in room 14(B) &(C) at Financial Park Complex, Labuan, Malaysia, AL-HIDAYAH’s office turned out non-exist at the address. The office belongs to a management firm called Regus instead.
    900-510-英.jpg

      Broker: Makasky

      Location: Malaysia

      Regulation: suspected-cloned license

      Status: not at the regulatory address

      Website: www.makaskyltd.com

      Address: Unit Level 14(C), Main OFFice Tower, Financial Park Complex, Jalan Merdeka , 87000 Labuan F.T

      Some investors may remember AL-HIDAYAH, a broker that WikiFX visited in August. Although claimed to be located in room 14(B) &(C) at Financial Park Complex, Labuan, Malaysia, AL-HIDAYAHs office turned out non-exist at the address. The office belongs to a management firm called Regus instead.

    1.png
    Address of AL-HIDAYAH on LFSA’s website

      When browsing brokers information online, we accidentally found a forex broker named MAkasky which also claims to be located in 14(C) of the above-mentioned office building. Can that be a coincidence, or is it simply another trap for investors?

    2.png
    Makasky’s address from regulatory information on LFSA website

      From WikiFX App, we learned that the broker Makasky, rated at only 1.23 and has been in business for less than a year, is suspected to hold a cloned license. This is a risky broker that can cause investors heavy losses, and we decided to fulfil our obligation of safeguarding investors by check the broker on-the-spot.

    3-英语.jpg

    Makasky is suspected to hold cloned license

      As we have been here several times, we were familiar with the procedures and quickly filled out the visitor registration form. Coming to level 14, we followed the direction signs and found 14(B) &(C). Again we saw Regus, the management firm, in regular business, but Makasky which claimed to operate in 14(C) was nowhere to be found.

    4-1.jpg
    The exterior of Financial Park Complex

    4-2.jpg
    Direction sign on level 14

    4-3.jpg
    The management firm Regus

      Thus we may safely conclude that Makasky is just another unreliable forex broker. Its alleged “LFSA license number” MB/16/0012 is only a registration number, and the broker isnt regulated by Labuan Financial Services Authority (LFSA).

      Conclusion:

      Currently, WikiFX has recorded detail profiles of tens of thousands of forex brokers, while striving to offer investors more comprehensive forex information. Stay tuned as WikiFX presents you more brokers visit reports.

    Latest News

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area