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:These workshops are designed to encourage face to face meet ups between traders and XM’s team members, and help traders achieve long-term growth and success.

Industry-leading broker XM continues bringing exceptional workshops to the region, as part of its effort to empower traders with education.
XM has launched many successful workshops over the years, but in 2023 the global broker is optimising these exclusive events and adding new elements to elevate traders‘ learning experience. These workshops are designed to encourage face to face meet ups between traders and XM’s team members, and help traders achieve long-term growth and success.
While the award-winning broker has extensive daily online education that covers all trading topics and market events, it continues to show appreciation for in-person seminars, where traders can get together, and learn from an instructor in the same room.
XM has many in-house trading experts and instructors that have helped the company create and maintain one of the most elaborate educational hubs in the industry. These intimate settings, with limited spaces, are a rare opportunity for traders to learn directly from leading experts.
Education is one of the best ways to minimise trading risk, by spreading an understanding of the market, and teaching traders how to prepare through risk-management, money-management, and trading strategies.
Traders in the MENA region can find XM workshops in Cairo, Alexandria, Dubai and Abu Dhabi, while in 2023 there are plans to introduce workshops to new countries such as Morocco.
The global broker has a proven history of providing solid education for traders, this includes extensive workshops in the Middle East, seminars across the world, webinars in 19 languages 7 days a week, and daily live education from 7 am to 4 pm GMT on three different channels.
Some of the topics that will be covered in these exclusive workshops are fundamental analysis, the principles of technical analysis, basic concepts of price trends, news trading, identifying major bar and Japanese candlestick reversal patterns, and more.
If you would like to attend an upcoming workshop or seminar, head to the brokers dedicated page and sign up.
XM is an internationally established trading and investment firm, with over 5 million clients, from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates.
Since 2009, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,000 instruments on more than 10 platforms, including the XM app. The award-winning broker is known for low-cost accounts, exciting promotions, excellent support, and outstanding live education.

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.

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