Abstract:In a recent operation, Brickfields district police chief ACP Amihizam Abdul Shukor reported the arrest of 24 local men, 32 local women, along with a foreign man and woman. The age range of those apprehended spans from 20 to 59 years. The raid resulted in the confiscation of 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.

On October 20, 2023, the police apprehended 58 individuals suspected of participating in an online forex investment scam at three different business premises in Bangsar.
Brickfields district police chief ACP Amihizam Abdul Shukor disclosed that among those arrested, there were 24 local men, 32 local women, as well as a foreign man and woman. Their ages ranged from 20 to 59. During the operation, law enforcement confiscated 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.


According to ACP Amihizam Abdul Shukor, their investigations revealed indications of an online forex investment scam. The syndicate utilized social media platforms to promote and offer these investments, targeting victims from various countries, including Malaysia, Vietnam, China, the Philippines, Singapore, and Europe. As part of the ongoing investigation, all suspects have been remanded until Monday, and they face charges under Sections 420, 511, and 120(B) of the Penal Code.


Versus Trade, a UK-based brokerage company, receives a mix of positive and negative feedback from users worldwide. Some appreciated the pace at which deposits and withdrawals are processed, others claimed withdrawal delays and profit cancellations on the trading platform. This Versus Trade review evaluates both sides while also giving a regulatory overview of the broker.

FOREX.com, a US-based brokerage firm with over two decades of trading expertise, has received complaints from users on deposits and withdrawals. Users claim deposit failures and a slow fund withdrawal process. Additionally, there are complaints of wide spreads and account liquidation. These allegations have contributed to negative user reviews of FOREX.com. This article investigates user allegations and shares a regulatory overview of the broker.

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