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

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

IG review for India in 2026: see the RBI Alert List entry, overseas regulation, login checks, forex limits, and a clear broker safety checklist.

Original 2026-09-03 21:31

Orbex Review 2026: Are Traders Worried Over Profit Confiscations & High Commissions?

Orbex, a Cyprus-based brokerage entity, has recorded 30 exposure complaints on WikiFX, a leading forex broker regulation inquiry tool, so far. Other review websites have also recorded a healthy number of complaints against the brokerage firm. These complaints largely talk about the alleged profit confiscations by the broker in the name of trading violations, difficulty in accessing fund withdrawals, capital losses due to artificial slippage, etc. In this Orbex review, we have investigated user complaints and provided a regulatory overview of the broker.

Original 2026-09-03 20:55

FCA Warns Swift TradeX on 1 September 2026: 7 Checks Before Paying

FCA warns Swift TradeX in a notice first published and updated on 1 September 2026. The UK Financial Conduct Authority says the firm may be providing or promoting financial services without permission, is not authorised, and may be targeting people in the UK. The notice names the website swifttradexai.com, a Worcester address and a UK telephone number, but also cautions that unauthorised businesses may use incorrect or borrowed contact details. The confirmed issue is authorisation status—not a court finding about every transaction. Anyone considering a payment should stop, verify the firm independently, and avoid using contact information supplied by the platform itself.

Original 2026-09-02 22:16

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

ThinkMarkets review for India: check the RBI Alert List, overseas entities, regulation, login security, forex rules, costs, withdrawals, and leverage risk.

Original 2026-09-02 22:02

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

Rising gilt yields are not saving the British Pound

WikiFX
2026-09-03 05:54

Australian Dollar steady above 0.7150 vs USD on trade data, China PMI

WikiFX
2026-09-03 09:59

02.09.26 Daily Forecast

WikiFX
2026-09-02 20:30

Canadian Dollar Holds Near 1.386 Ahead of Bank of Canada Decision

WikiFX
2026-09-01 17:07

CIMB Tests RM1.38 Billion Tokenised Sukuk Settlement

WikiFX
2026-09-02 11:14

Xin Synergy Escalates Probe Into Former Directors Over Moneylending Operations

WikiFX
2026-09-03 14:11

FCA Receives 333 Whistleblowing Reports in Q2, 170 Cases Lead to Action

WikiFX
2026-09-02 17:41

Webull Reenters Canada With Coinbase Crypto Infrastructure

WikiFX
2026-09-02 11:23

GBP/JPY Price Forecast: Sellers eye 214.00 after SMA break

WikiFX
2026-09-03 06:48

Former Minister Remanded Over Tabung Haji Saudi Lease

WikiFX
2026-09-03 12:26

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

First Trade

First Trade

Bright Century Investment

Bright Century Investment

ELITE PRIME INVESTMENT

ELITE PRIME INVESTMENT

ironvexgroup

ironvexgroup

Arcanum Global Trading

Arcanum Global Trading

Retu Global

Retu Global

Nummixo

Nummixo

Wertovia

Wertovia

Aurelix Markets

Aurelix Markets

Ai ProFX Trading

Ai ProFX Trading