Home -
Industry -
Main body -

WikiFX Express

SBCFX
TMGM
GTCFX
Exness
XM
EC markets
FXTM
AvaTrade
FOREX.com
IC

Police arrest 58 in Bangsar for online forex scam

WikiFX
| 2023-10-26 11:27

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.

image.png

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.

WhatsApp Image 2023-10-26 at 11.47.03_2b7503fe.jpg
WhatsApp Image 2023-10-26 at 11.47.49_930b399b.jpg

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.

img_v2_6e3cce6f-3780-4ebe-932f-b4d2f54e63ag.png
BrokerForex tradingForex BrokerForex newsforex marketScam AlertFraud Alert

Read more

Pakistan Forex Reserves Reach $22.5 Billion: Why a Stable USD/PKR Snapshot is Not Yet a Trend

Pakistan forex reserves stood at $22.506 billion on 13 August 2026, while the SBP dashboard showed a USD/PKR mark to market rate of 277.5713 on 20 August. This article separates the SBP forex reserves facts from predictions about the Pakistan rupee and the forex market Pakistan.

Original 2026-08-21 20:47

XM Review 2026 for India: RBI Alert, Regulation, Login and Forex Risk

The RBI Alert List, updated on 19 November 2025, names XM and www.xm.com at row 33. RBI says listed entities are not authorised to deal in forex under FEMA or operate an authorised forex ETP in India. XM also publishes overseas licence and risk information. These facts must stay separate. An overseas licence does not create RBI authorisation for an Indian resident.

Original 2026-08-21 20:04

eToro Review 2026 for India: RBI Alert, Regulation, Login and Forex Risk

The RBI Alert List, updated on 19 November 2025, names eToro and www.etoro.com at row 5. RBI says listed entities are not authorised to deal in forex under FEMA or operate an authorised forex ETP in India. eToro also lists regulated companies in the UK, Europe, Australia, and other markets. Those overseas licences are entity-specific. They do not create RBI authorisation.

Original 2026-08-21 19:31

Multi-Asset Liquidity Solution in 2026: Expand Instruments Without Fragmenting Execution

A multi-asset liquidity solution can help a broker support FX, CFDs, commodities, and indices through a more unified operating model. But adding asset classes can also create fragmented symbols, pricing, routing, margin rules, records, and client messages if controls are not designed first. This 2026 guide explains how a multi asset liquidity provider, forex CFD liquidity setup, commodity liquidity provider, and indices liquidity provider fit into a broker-owned execution service. It outlines the due-diligence questions, shared-control model, cost drivers, and 90-day implementation plan that help teams expand without making the execution chain harder to explain. The aim is not to promise deeper liquidity or better trading outcomes. It is to create evidence that a broker can supervise market access, trace order events, reconcile costs, and communicate consistently to the relevant clients when conditions are difficult.

Original 2026-08-21 18:42

WikiFX Express

SBCFX
TMGM
GTCFX
Exness
XM
EC markets
FXTM
AvaTrade
FOREX.com
IC

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated

Latest News

India Forex Reserves Rebound to $707 Billion: Why That Does Not Guarantee a Stronger Rupee

WikiFX
2026-08-20 21:01

Review 2026: FBS Complaints, Regulation, and Withdrawal Risk Signals

WikiFX
2026-08-21 13:00

Bessent says Treasury buyback operation could be more than $4 billion

WikiFX
2026-08-20 23:08

A Tiny USDT Transfer Could Put Your Crypto Wallet Under Scrutiny

WikiFX
2026-08-21 12:57

Phillip Futures Review 2026: An A+++ Result Does Not Replace a 09:30 Withdrawal Check

WikiFX
2026-08-20 19:02

XM Review 2026 for India: RBI Alert, Regulation, Login and Forex Risk

WikiFX
2026-08-21 20:04

18.3 Million Malaysians Participated in National Anti-Scam Campaign

WikiFX
2026-08-21 12:24

DA finance chief steps aside over R4bn SARB forex probe

WikiFX
2026-08-20 15:00

Why Multi-Strategy Diversification Does Not Eliminate Risk

WikiFX
2026-08-20 13:00

Three Losses in a Row? Rebuild Clear Decisions, Not Revenge

WikiFX
2026-08-21 10:30

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

FioProtocolTT

FioProtocolTT

Asset Arch

Asset Arch

duxtonrozequinox.cc

duxtonrozequinox.cc

Goldenplus

Goldenplus

Vexa Markets

Vexa Markets

8iTrade

8iTrade

Ginox

Ginox

OPTIMUM INSIGHTS LLC

OPTIMUM INSIGHTS LLC

Bnb FoxTrade

Bnb FoxTrade

Cardspoint Investment

Cardspoint Investment