SC Malaysia Identifies Unlicensed Financial Service Providers in July
In July, the Securities Commission Malaysia (SC) warned 16 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.
Unlicensed entities
| Name | Website / App / Social media | Screenshot of related page |
|
Livetrade |
https://livetrade.best/trade/index.php |
/ |
|
I-Genesis Company |
https://igenesis-company.com/ https://chat.whatsapp.com/D0bwhdx3cYqCxERPRxFR1U |
/ |
|
ChicksX |
https://chicksx.com/ |
 |
|
Infiwealth |
https://infiwealth.ai/ https://x.com/Infiwealth_ai?lang=en https://www.facebook.com/people/Infiwealth/61565595991550/ https://www.instagram.com/infiwealth.ai/ https://www.facebook.com/groups/831880923558605/user/100048521271520/ https://www.facebook.com/profile.php?id=100089133842563 |
 |
|
Alpex Trading |
https://alpextrading.com/ |
 |
|
F1XTM |
https://flxtm1.com/ |
/ |
|
Bacxn |
https://www.bacxn.com/ |
 |
|
Bit 2 Invest |
https://bit2invest.com/ |
 |
|
Questrade |
https://t.me/+Domyo3ZQaJFiYWZl |
/ |
|
Montrava Equity |
https://www.montravaequity.investments/index.html https://stocks.montrava-pro.com/ https://play.google.com/store/apps/details?id=com.rongku.ronglakuku https://apps.apple.com/us/app/mt-pro/id6746905122 |
 |
Potential clone
| Name | Website / App / Social media | Screenshot of relatedpage / Fake certificate |
|
FT Group Integration |
https://t.me/+Taqfd4kNbD83NWY9 |
/ |
|
PHG Plus / Point Hope Global Plus |
/ |  |
|
BitxEX / Bitxchanges |
https://bitxchanges.net/ |
 |
|
PSM Resources |
https://psm-resources.com/ |
 |
|
ISC Capital / ISC Malaysia |
https://iscmalaysia.com/ https://iscmalaysia.com/E-Certificate/ |
/ |
|
CMC Trading |
https://t.me/CMC_MARKETS_71 https://t.me/CMC_MARKETS_391 https://t.me/CMC_MARKETS_192 https://t.me/CMC_INVEST_88 https://t.me/CMC_INVEST_238 https://t.me/CMC_MARKETS_92 https://t.me/CMCMARKETS_223 https://t.me/CMC_MARKETS_185 https://t.me/CMC_MARKETS_273 https://t.me/CMC_MARKETS_88 https://t.me/JUST_MARKETS_91 https://t.me/JUST_MARKETS_222 https://t.me/CMC_MARKETS_58 https://t.me/CMC_INVEST_122 https://t.me/CMC_MARKETS_103 https://t.me/CMC_MARKETS_189 https://t.me/CMC_MARKETS_83 https://t.me/CMC_MALAYSIA_81 https://t.me/CMC_MARKETS_183 https://t.me/JUST_MARKETS_344 https://t.me/CMC_MARKETS_98 https://t.me/CMC_INVESTMENT_88 https://t.me/CMC_MARKETS_65 https://t.me/CMC_MARKETS_100 https://t.me/CMC_MARKETS_112 https://t.me/CMC_MALAYSIA_82 https://t.me/CMC_MARKETS_338 https://t.me/CMC_MARKETS_67 https://t.me/CMC_MARKETS_48 https://t.me/CMC_INVEST_128 https://t.me/CMC_MARKETS_38 https://t.me/HFMBANKMALAYSIA998 |
/ |
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.
Hottest
Copyright © 2026 FastBull Ltd
Risk Warning
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.