RM500,000 Gone: Lecturer Duped by Online Investment Scam
A 39-year-old lecturer in Kuantan has been defrauded of RM493,600 in a sophisticated online investment scam
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Abstract:In the world of online trading, a split second determines the difference between profit and loss. Recent investigations reveal that Pocket Option may be manipulating those seconds through opaque proprietary systems, leaving profitable traders blocked, banned, or simply ignored.

WikiFX Special Exposure · Urgency Level: Critical
Broker Status: Unregulated / High Risk
WikiFX Score: 1.72 / 10
Anonymity Disclaimer: All cases referenced here come from verified complaints held by WikiFX. Trader identities have been anonymized for protection.
The WikiFX Exposure Team has logged 23 severe complaints against Pocket Option in the last three months alone. Beyond routine withdrawal denials, the evidence points to something far more calculated: time manipulation. Traders report that the broker‘s internal clock drifts from real time, tilting binary outcomes in the broker’s favor.
One trader submitted transaction logs showing that their bank timestamp (11:41:14) differed from Pocket Options execution time (11:40:04). When asked for raw logs, support blamed “timezone confusion (UTC+2)”—yet could not explain the minute-long gap. Because Pocket Option operates on self-developed proprietary software (not MT4/MT5), traders have no way to audit the time source.

Understanding the risk requires looking at the brokers legal standing.
| Item | Status | What It Means |
|---|---|---|
| License | None | Pocket Option holds no Tier-1 or Tier-2 regulatory license. |
| Registered | Costa Rica | Offshore jurisdiction with limited financial oversight. |
| Warnings | SCM Malaysia Alert List | The Securities Commission of Malaysia warns the broker is operating without authorization. |
Without a regulator auditing their proprietary code, there is no assurance that the price feeds or execution times reflect reality.
Pocket Option often employs a three-step cycle when a trader becomes profitable:
In an August 29, 2025 case, KYC documents were suddenly rejected only after profits were made. The traders account was frozen, and funds were seized.

The complaints share common technical themes:
Despite advertising 24/7 support, traders describe unanswered tickets and generic replies when asking about missing funds.

Pocket Option combines opaque proprietary software, no regulation, and a pattern of accusing profitable traders to justify withholding funds. This is a textbook definition of a high-risk environment.
Recommendation: WikiFX urges traders to halt deposits immediately and migrate to brokers regulated by authorities such as the FCA, ASIC, or FSCA, where software audits and segregated funds are mandatory.
Risk Warning: Forex and CFD trading involve a high level of risk and may not be suitable for all investors. This report reflects current complaint data and regulatory flags stored in the WikiFX database. Always verify a brokers license status before depositing funds.
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 39-year-old lecturer in Kuantan has been defrauded of RM493,600 in a sophisticated online investment scam

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