TriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost
The notorious forex investment company TriumphFX, previously exposed for running a global scam operation for over a decade, is now being accused of rebranding itself to continue defrauding unsuspecting investors. Despite being unregulated and based offshore in Seychelles, TriumphFX has actively targeted Malaysian investors, luring them with false promises and eventually converting funds into cryptocurrency, making recovery nearly impossible.
TriumphFX Faces 29 Exposure Reviews on WikiFX
TriumphFX faces scrutiny with 29 exposure reviews on WikiFX, revealing regulatory warnings from ID BAPPEBTI, VU VFSC, SG MAS, and MY SCM, plus user complaints about withdrawal issues and fraud concerns.
TriumphFX Review 2025: A Safe Bet or a Risky Trap?
Is TriumphFX a trustworthy broker or a scam in 2025? This review explores its regulation, withdrawal issues, and more to help you decide if it's a safe bet or a risky trap.
Australia Sees $119 Million Lost to Scams in Early 2025, Despite Fewer Reports
Scam-related financial losses in Australia have surged in the first four months of 2025, reaching nearly $119 million, even as the number of reported incidents declined.
BaFin Issues Multiple Warnings Against Unlicensed Financial Services and Identity Fraud
Germany’s BaFin has flagged several websites and email addresses for offering unauthorized investment services and impersonating legitimate institutions.
Consob Orders Blackout of 5 Unauthorized Financial Platforms
Five more unlicensed financial websites have been blacked out by Consob. Stay informed, stay protected.
NinjaTrader Fined $250,000 for Anti-Money Laundering Lapses
NinjaTrader fined $250K by NFA for AML failures, missing suspicious trades and high-risk accounts. Learn about the brokerages compliance issues and regulatory history.
Exnova Review 2025: Shocking Scam Cases and User Horror Stories
Exnova Broker Review 2025: Disturbing scam cases revealed! Frozen accounts, $10,000 losses, and ignored withdrawals plague users. Unregulated with a 1.39 WikiFX score—steer clear!
They Let Him Win First, Then Scammed RM5.3 Million
A 67-year-old Malaysian businessman lost RM5.3 million in just seven days after falling prey to a sophisticated online investment scam. Authorities in Selangor confirmed that the man was lured into the fraudulent scheme by a woman who presented herself as an investment expert.
Hooked by High Returns: How She Lost RM447,300 to a Scam
A woman in her 60s has lost over RM447,000 after falling victim to a fake investment scheme she discovered on social media.
The Facebook Fraud That Stole RM649,000 | How to Avoid Being Next
A 52-year-old female clerk from Kuantan, Malaysia, suffered a devastating loss of over RM649,000 after unknowingly participating in a fictitious investment scheme promoted through Facebook.
NFA Urges CFTC to Address Risks in 24/7 Derivatives Trading
The NFA advises the CFTC to reassess regulations and risk disclosures to safeguard retail investors amid the shift to 24/7 derivatives trading.
SEC Sues Unicoin, Executives for $100M Crypto Fraud Scheme
SEC charges Unicoin and executives with $100M fraud, alleging fake real estate backing and inflated token sale claims. Lawsuit seeks penalties.
CySEC Targets Unlicensed Forex and Crypto Brokers
CySEC blacklists unlicensed brokers like admiralmarket.net in the forex and crypto markets. Strict new rules impose hefty fines. Verify brokers to stay safe.
The RM300 Mistake That Cost Her RM19,050
A 38-year-old woman in Malaysia lost RM19,050 after falling for a fake online investment scheme.
RM720,800 Lost to an Online Investment Scam Advertised on Facebook
A 58-year-old trader lost RM720,800 after falling victim to an online investment scam promoted through a Facebook advertisement. The scam promised big profits and convinced the man to transfer large sums of money to several bank accounts over a short period.
RM4.8 Million Gigamax Scandal: Investors Still Waiting for Answers
Questions are growing over the lack of updates from police after the arrest of three people believed to be behind the Gigamax investment scam. The arrests, which took place at Kuala Lumpur International Airport (KLIA) on 6 May, have raised hopes among victims but silence from the authorities has led to fresh concern.
International Operation Shuts Down €3M Fake Trading Platform
A coordinated international operation has shut down a fake trading scam, preventing further fraud after defrauding victims of €3M across five countries.
How Two Students Tried to Scam Millions from Their Own Family
Two international students’ attempt to fake a kidnapping and extort millions from a wealthy family has unravelled into a real-life legal drama.
Judge Reviews Sanctions Against CFTC in My Forex Funds Fraud Case
A New Jersey judge reviews sanctions against the CFTC after a special master accused the agency of bad faith in its fraud case against My Forex Funds and CEO Kazmi.