Nineteen Unlicensed Financial Service Providers Warned by the Securities Commission Malaysia

The Securities Commission Malaysia (SC) has updated its Investor Alert List for December 2024.

Financial regulators in Malaysia do not authorize the entities on the List and bring risks to local investors.

This list is not exhaustive and only guides investors before making any investment decisions, the Malaysia SC reminded.

Potential clone entities

According to the Malaysian financial regulator, the potential clone entities carried out illegal investment schemes or unlicensed capital market activities.

They often misused details of authorized firms such as names and the watchdog’s name and logo. You may find more information about the misuse with the pictures attached.

Cap Max

Website: https://play.google.com/store/apps/details?id=periodcalendar.trackperiod.ovulation.manageperiods

Warning notice:

Possible illegal investment scheme.

Unlicensed capital market activities of dealing in securities involved.

Interpacific Online

Website: https://www.interpacific.online/

Warning notice:

The entity misused the name and credentials of SC-regulated firm Inter-Pacific Securities Sdn Bhd and an investor empowerment, InvestSmart® SC, initiated by the regulator.

Possible illegal investment scheme offering high returns e.g. return of RM12,000 with investment of RM250.

WEBELL

Website: https://www.hrudrt.com/, https://play.google.com/store/apps/details?id=com.policesirensounds.police_ambulance_siren_realpolicesirensound

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

Axis REIT Managers (WhatsApp)

Website: /

Warning notice:

The entity misused the name and credentials of SC-licensed firm Axis REIT Managers Berhad.

Illegal investment scheme offering high returns e.g. return of RM12,000 in 1-3 hours with investment of RM350.

The SC’s name and logo was misused.

Revinate Tech Services

Warning notice:

Possible illegal investment scheme.

Unlicensed capital market activities of dealing in securities involved.

Room Raccoon Malaysia

Warning notice:

Possible illegal investment scheme.

Unlicensed capital market activities of dealing in securities involved.

Unlicensed entities

The unlicensed entities are warned by the SC for carrying on capital market activities.

Scammers in Malaysia are promoting fraudulent investment schemes on social media and promising unbelievable returns. Though the SC has named some of the scammers on its Alert List, far more financial criminals are waiting for their prey.

Some of the SC-warned entities may have financial licenses in other countries. Malaysian investors should be informed about the risks involved.

Polymerenergyv / FameEX

Website: https://www.fameex.com/zh-TW

Warning notice: Unlicensed capital market activities of dealing in securities involved.

P.Glo. Pro

Website: https://play.google.com/store/apps/details?id=com.applyff.batteryanimationplay.charging.batteryanimationcharge&pli=1

https://apps.apple.com/my/app/p-glo-pro/id6738570681

Warning notice:

Possible illegal investment scheme.

Unlicensed capital market activities of dealing in securities involved.

One Traders Malaysia

Website: https://t.me/cPUGTWCPOyE0Y2Y1

Warning notice:

Illegal investment scheme offering high returns e.g return of RM15,000 in 3-5 hours with investment of RM500.

Unlicensed capital market activities of dealing in securities involved.

VenturexCapital

Website: https://www.venturexcapitals.com/

Warning notice:

https://www.facebook.com/groups/384199549368115/about

Illegal investment scheme offering high returns e.g return of RM19,000 with investment of RM350.

Unlicensed capital market activities of dealing in securities involved.

The SC’s name and logo was misused.

Investment Bitcoin Malaysia

Website: https://t.me/SQvvI8CxUUozYjE1, https://t.me/+r4Ji1OmsjCg3YjU1

Warning notice:

The SC first warned this firm in 2023.

Illegal investment scheme offering high returns e.g return of RM30,000 with investment of RM1,000.

Unlicensed capital market activities of dealing in securities involved.

Setia Capital Trading

Website: https://setiacapitaltrading.com/

Platform operating an Illegal investment scheme

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

The SC’s name and logo was misused.

Vestrado

Website: https://vestrado.com/

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

Markets Vox

Website: https://marketsvox.com/en/

https://www.facebook.com/marketsvox

https://www.instagram.com/marketsvox/

https://x.com/marketsvox_

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

Investizo

Website: https://investizo.com/

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

HTFX

Website: https://www.htfx.com/

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

Emar Markets

Website:

https://emarmarkets.com/

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

RockWest

Website: https://www.rock-west.com/

Warning notice:

Unlicensed capital market activities of dealing in securities involved.

Atomic Wallet

Website:

https://apps.apple.com/us/app/atomic-wallet/id1478257827

https://play.google.com/store/apps/details?id=io.atomicwallet&hl=en&gl=US&pli=1

Warning notice:

Unregistered digital asset exchange (DAX).