6/18/ · However, trading costs are high compared to other STP/ECN brokers with spreads as wide as 3 pips (EUR/USD) on its Micro account, and a commission of 20 USD per lot on its Zero Spread Account. Furthermore, while FBS claims to offer support for both the MT4 and MT5 platforms, Malaysians can only trade on MT/5 10/18/ · There are 2 types of forex brokers in the world (and in Malaysia). A Book and B Book. Most (or all) the scam forex schemes who claim to use brokers are always B Book. In Malaysia I believe there are only 3 A Book brokers all of which are registered overseas 9/11/ · The Times reported that two other such trading scams have been busted in recent months. One called JJ Poor to Rich (JJPTR) forex trading operator and MBI International, virtual shares operator. Both companies are being probed by the authorities. Forex trading regulation in Malaysia is Estimated Reading Time: 3 mins
Malaysian Investors in Forex Trading Scam Operators | LeapRate
Join now to receive first access to our EXCLUSIVE reports and updates. Screenshot of a breaking news alert e-mail from Q2 Please check your email to confirm your subscription Something went wrong We hate SPAM and promise to keep your email address safe The Malaysian Straight Times is reporting that a group of Malaysian investors is now seeking answers after they thought they were investing in a reliable FX trading strategy from a company called RCFX but, in the end, failed to get their promised returns.
The group claimed they have been cheated out of RM, Malaysian RinggitThe single biggest investment was RM, 35, US Dollar. Signs of Scam A spokesman for the group said they suspected something awry forex trading scams malaysia the person handling their investments — known as Lau — started coming out with all sorts of excuses within the past year each time they asked about their promised returns.
The group also said they became perplexed further due to the fact the company RCFX and its operators started to change names very frequently. Of late, however, Lau has refused to even answer our calls. They subsequently met Lau at cafes to hand over money for investments.
The group spokesman continued: It was indeed a colorful scheme. It was better than what banks promise… At that time, we thought nothing about it, forex trading scams malaysia, except to make some extra cash. About 29 of us, aged between 24 and 50, got some of our friends to invest and we managed to collect RM, in total. In the beginning, we saw the promised return coming in nicely on paper. However, each time we wanted to withdraw our promised return, Lau would say that would reduce our capital and we could end up getting a lesser return.
The group lodged police reports in July but there has been no progress to date. Meanwhile, forex trading scams malaysia, Sim urged the police to expedite investigations and for Bank Negara Malaysia to act on companies offering such schemes, forex trading scams malaysia. The Times reported that two other such trading scams have been busted in recent months.
One called JJ Poor to Rich JJPTR forex trading operator and MBI Forex trading scams malaysia, virtual shares operator. Both companies are being probed by the authorities. Forex trading regulation in Malaysia is still in its infancy. Financial regulatory responsibilities are left with the Securities Commission in Malaysia. This commission overlooks exchange-traded products, forex trading scams malaysia commodity and Forex futures and how financial brokers operate in the country.
However, regulations within Malaysia for spot FX trading are pretty much non-existent and constitute a legal gray area, with much of the public unaware of the warning signs of what they are being offered. Screenshot of a breaking news alert e-mail from Q2 Please check your email to confirm your subscription. Something went wrong. We hate SPAM and promise to keep your email address safe.
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Forex Trading Scams Revealed - with English Subtitles
, time: 30:59FBS Broker Malaysia Review - Scam Broker? | Forex Malaysia
2/15/ · Three individuals from Malaysia have executed a forex scam worth over $ million. The perpetrators of a Ponzi scheme were arrested in Kuala Lumpur over the weekend, local police reports. Discover credible partners and premium clients at China’s leading finance event! Join the iFX EXPO Asia and discover your gateway to the Asian MarketsReviews: 1 6/18/ · Forex Scam happen in everywhere especially from friends who know that is scam & all saving & greediness will destroy you. Call Andeerson Wong + Forex Trading Course Malaysia | Provide Fund Manager Skills 9/11/ · The Times reported that two other such trading scams have been busted in recent months. One called JJ Poor to Rich (JJPTR) forex trading operator and MBI International, virtual shares operator. Both companies are being probed by the authorities. Forex trading regulation in Malaysia is Estimated Reading Time: 3 mins
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