RM257,000 Lost to Online Investment Scam After Downloading the "Everwise" App
A Miri man lost RM257,408 after being drawn into an online investment scheme through RedNote and WhatsApp, involving a fake trading app and multiple bank transfers.
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Abstract:Warning list of 14 unauthorized online trading firms released by FCA dated February 03/2023.

The Financial Conduct Authority (FCA) is the regulatory body responsible for supervising financial markets in the UK. The FCA maintains a warning list of unauthorized firms and individuals who are providing financial services without its approval. The warning list is updated regularly and includes firms and individuals who are falsely claiming to be regulated by the FCA, as well as those who are engaging in fraudulent or other illegal activities. The list is intended to protect consumers from financial harm and to prevent them from falling victim to scams or fraudulent schemes.
Here is the list of newly added 14 unauthorized / warned brokers by FCA




















WikiFX as a medium platform of FCA has been updating its platform of brokers listing both regulated and unregulated to help the public in guiding to the right path of selecting the right Forex broker.
Always double-check and verify the regulatory status of your chosen broker before the investor as always encouraged by FCA and WikiFX to the public.
Stay tuned for more financial regulatory news about warned entities
Install the WikiFX App on your smartphone to stay updated on the latest news.
Download link: https://www.wikifx.com/en/download.html?source=fma3

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

A Miri man lost RM257,408 after being drawn into an online investment scheme through RedNote and WhatsApp, involving a fake trading app and multiple bank transfers.

Hong Kong reported 9,427 fraud-related cases in Q1, with losses reaching HK$1.85 billion. Elderly investors were heavily affected, especially through online investment schemes using social media and WhatsApp groups to build trust before larger losses occurred.

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!

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!