Home -
Industry -
Main body -

WikiFX Express

Exness
TMGM
EC markets
XM
FXTM
FOREX.com
GTCFX
AVATRADE
IC Markets Global
D prime

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

AssetsFX Regulatory Status: A Complete Look at Its Licenses and Company Registration Information

For any trader doing research, the main question is always about safety and whether a broker is legitimate. When it comes to AssetsFX, the information shows a clear and worrying picture right from the start. This summary gives you the most important findings first, so you can understand the risks right away. Read on!

Original 2026-05-04 21:05

traze Exposure: Does the Broker Execute Trades During Non-Market Hours?

traze, a United Kingdom-based forex broker, recently received negative reviews mostly around the way it executed trades for its clients. Some vehemently accused the broker of closing trades before and after market hours, with some even claiming trade execution on weekends. Such trades reportedly piled losses for traders. As a result, many of them shared negative traze reviews online. In this article, we have investigated these claims. Read on!

Original 2026-05-04 20:06

LONG ASIA News on Trading: Wrong NZ FMA Authorization Claims, Non-stop User Allegations

LONG ASIA, a Saint Vincent and the Grenadines-based forex broker, is repeatedly making headlines with users continuing to allege foul play in the trading activities. They keep making accusations of the broker denying their legitimate profits earned on the platform. Cases of withdrawal denials have reportedly taken precedence on broker review platforms such as WikiFX. Also, the New Zealand Financial Market Authority (FMA) has denied any authorization to LONG ASIA. This made the LONG ASIA review article pertinent for all those traders who expect to grow their portfolio through this brokerage entity. Read on

Original 2026-05-04 17:10

FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid

As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.

Original 2026-05-04 11:59

WikiFX Express

Exness
TMGM
EC markets
XM
FXTM
FOREX.com
GTCFX
AVATRADE
IC Markets Global
D prime

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
ACCM

ACCM

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
ACCM

ACCM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
ACCM

ACCM

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
AVATRADE

AVATRADE

Regulated
ACCM

ACCM

Regulated

Latest News

LONG ASIA News on Trading: Wrong NZ FMA Authorization Claims, Non-stop User Allegations

WikiFX
2026-05-04 17:10

traze Exposure: Does the Broker Execute Trades During Non-Market Hours?

WikiFX
2026-05-04 20:06

Why Small Position Sizes and Less Trading Keep You Alive

WikiFX
2026-05-04 12:30

Decoding Currency Pairs and Finding the Right Broker Account

WikiFX
2026-05-04 12:30

Yen Stabilizes While Gold Prices Slip

WikiFX
2026-05-04 12:30

State Street Group Review 2026: Ponzi Scheme Warnings, Unverified Regulation, and Extreme Risk

WikiFX
2026-05-04 13:00

FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid

WikiFX
2026-05-04 11:59

FXORO Review: The Dark Side of a Market Maker Exposed

WikiFX
2026-05-04 12:30

GWFX Review 2026: Platform Outages, Missing Funds, and Unverified Regulation

WikiFX
2026-05-04 12:30

AssetsFX Regulatory Status: A Complete Look at Its Licenses and Company Registration Information

WikiFX
2026-05-04 21:05

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

CAMALI RENDHOLM

CAMALI RENDHOLM

Vathia Ependora

Vathia Ependora

Berkshire Coinvent Wealth Management

Berkshire Coinvent Wealth Management

GSwap

GSwap

EONVEST

EONVEST

FX Investment Pro

FX Investment Pro

ACEMAX

ACEMAX

invictus

invictus

RIVOX

RIVOX

4pro

4pro