Financial Watchdog in Malaysia Updates Investor Alert List with 30+ Unlicensed Entities Flagged
In May, the Securities Commission Malaysia (SC) warned 32 unlicensed and potentially cloned entities for carrying on unregulated capital market activities.
Part of the warned entities misused details of authorized firms, including names, and the watchdog's name and logo. And some of the entities in the List may even be involved in fraudulent investment schemes.
Meanwhile, this list is not exhaustive and only guides investors before making any investment decisions, the SC Malaysia reminded.
Besides, though the SC has named some of the scammers on its Alert List, more financial criminals are waiting for their prey.
| Name of unlicensed entity | Website / Related page | Fake document |
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JPFO Max |
https://apps.apple.com/my/app/jpfo-max/id6743706366AC Malaysia https://acmalaysia.com/ |
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Gold Machine International |
https://goldmachineinternasional.vip/ |
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Cikgu Trader Comunity |
https://t.me/+yt_do0by5oEzMmQ1 |
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MYcdtl |
https://play.google.com/store/apps/details?id=asdfewf.fwefw.waefw |
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BTPM Investment Platform |
https://btpm.net/ |
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ELTFV |
https://www.eltfvpn.com https://x.com/ELTFV_Malaysia https://youtube.com/@eltfv-malaysia?si=uiBmpb5lKOoRV4U9 https://www.facebook.com/share/1EmSLG6Dta |
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Silver Peak Capital |
https://mys.sccom.my/# https://play.google.com/store/apps/details?id=sdagweaf.sfaewf.wegaef&hl=en |
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Plus500 / Plus500 Trading |
https://www.plus500.com https://play.google.com/store/apps/details?id=com.Plus500&hl=en |
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EO Broker |
https://eobroker.com/ https://apps.apple.com/sg/app/eo-broker/id1313824494?mt=8 https://play.google.com/store/apps/details?id=net.eolabs.eobroker&referrer=af_tranid%3DdKn2vOH2CQq4zSft6GmwFg |
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JE Capital |
www.je90.com |
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Coiniest Digital |
https://wap.coiniesth-islamic.com/ |
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Islamic Financial Trading |
https://www.islamic-fintrade.com/ |
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Gexertmax |
https://www.gexertmax.com/#/home https://play.google.com/store/apps/details?id=com.app.cashprofit https://apps.apple.com/my/app/gexertmax/id6743940199 |
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Authentic Rezeki Trading |
https://authentic-rez.com/index.html |
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MyInvestUnity |
https://www.myinvestunity.com/ https://play.google.com/store/apps/details?id=com.bnfb.tgd.rfdv |
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Meta Pro Markets |
www.metapromarkets.com |
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Alpha Chain |
https://alphachain-mal.com/ |
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Bitcoin Global |
https://bitcoin.global/ https://play.google.com/store/apps/details?id=com.simpleswapapp&shortlink=4d83a727&c=Footer_Site_Android&pid=site&source_caller=uihttps://apps.apple.com/us/app/bitcoin-global/id1536910503 |
| Name of Clone | Website / Related page | Authorized firm | Fake document |
|
Naim Holdings |
/ |
Naim Holdings Berhad (a company listed on Bursa Malaysia) |
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Lombard Odier |
/ |  |
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Astute Fund Management / SC FX |
https://sc-fxtr8.com |
Astute Fund Management Berhad (a licensed entity with SC) |
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stocks.mystrade |
https://stocks.mystrade0.com/#/login |
Citigroup Global Markets Malaysia Sdn. Bhd. (a licensed entity with SC) United Overseas Bank (Malaysia) Berhad (a licensed Commercial Bank with Bank Negara Malaysia) |
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TXCD |
/ |
TXCD Berhad (a company listed on Bursa Malaysia) |
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Aureston Capital Partners / AURST |
https://play.google.com/store/apps/details?id=com.foocoder.coolmenu https://aurestoncapital.net https://mnc.sccom.vip/# |
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i3-Investment.vip |
https://i3-investment.vip/ |
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Rizq Funds |
https://member.rizqfunds.com |
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Habrok Capital |
https://m.habrokcapital.net https://chat.whatsapp.com/DSC6y3F4N9zIVzCTKWTjeb |
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plus500invest.pro |
https://www.plus500invest.pro |
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Invest Smart |
/ |
InvestSmart® SC (an investor empowerment initiated by the Securities Commission Malaysia) |
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General Enterprise Management Services (GEMS) |
https://gemspo.com/ |
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MX Global |
/ |
MX Global Sdn. Bhd. (a registered Digital Asset Exchange (DAX) operator with the SC) |
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BrokersView reminds you
Scammers in Malaysia may promote fraudulent investment schemes on social media and promise unrealistic returns.
If you are not sure about your broker’s regulatory status, you are advised to ask BrokersView. The BrokersView team offers free license reviews for traders.
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