RM1.15 Million Lost: Two Women Fall to Fake Profits and Fake Police
Two women in Penang saw more than RM1.15 million vanish within weeks after being ensnared by sophisticated investment scams.
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Abstract:Think your broker is safe? Discover why AMarkets, an unregulated firm from a high-risk offshore haven, could be putting your money at risk.

Online trading can offer great opportunities, but it also comes with risks, especially when using a broker that is not properly regulated. One such broker that traders should be very careful with is AMarkets.
No License, No Protection
WikiFX has confirmed that AMarkets does not hold a valid license from any official financial regulator. This means it is not supervised by any trusted authority that makes sure brokers follow rules to protect traders. Without regulation, theres no guarantee your money is safe.
In addition, AMarkets has been listed by the Securities Commission Malaysia as an unauthorised broker. This is a strong warning that the broker may be operating in a way that could harm traders.


AMarkets is registered in Saint Vincent and the Grenadines, a small country in the Caribbean. Many brokers choose to register there because the country does not regulate forex or CFD trading. In simple terms, anyone can set up a trading company there without needing to follow strict rules.
This creates a loophole, as this is a commonly used method for brokers to avoid serious checks and rules. For traders, this means less protection and a higher chance of trouble if something goes wrong.

If youve had a problem with AMarkets or any other broker, WikiFX can help you solve it. We offer a free dispute resolution service and have helped many traders around the world get their issues resolved.
Whether it‘s about money you can’t withdraw or unfair trading conditions, you can report your case to WikiFX, and well do our best to assist you.

Before you start trading with any broker, always check their license and background on WikiFX. Avoid brokers with no valid license, especially those registered in places like Saint Vincent and the Grenadines.
Protect yourself. If a broker can‘t prove they are regulated, it’s not worth the risk.
If you‘re facing any trouble with a broker, contact WikiFX today. We’re here to help, free of charge!

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.

Two women in Penang saw more than RM1.15 million vanish within weeks after being ensnared by sophisticated investment scams.

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