However, as the promise of forex trading grows, so, too, does the volume of scams designed to steal money from unsuspecting and beginner traders. Forex is usually an afterthought for investors ...

KUALA LUMPUR: A company director lost RM5.5mil after allegedly falling victim to a foreign exchange transaction scam.

In late March 2025, the victim conducted a large-scale currency exchange for RM6.5 million. However, to date, he has only ...

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The Commodity Futures Trading Commission (CFTC) also warns prospective FX traders about rampant fraud in forex. Scams can involve pitches of low-risk, high-return currency strategies or promises ...

By the time the scam unravelled in 2017, families had lost their life savings. Lemos was sentenced to over 500 years in prison in Dubai — yet despite this landmark case, fraudulent forex ...

Explaining the supposed scam, Hishamuddin alleged that the “platform ... One was a supposed licensed forex broker based in Indonesia and the other registered in Dubai.

A company director lost RM5.5 million after allegedly falling victim to a foreign exchange transaction scam. Selangor police chief Datuk Hussein ...

You can trust that Investopedia provides you with an unbiased and comprehensive review of the top forex brokers because of this all-encompassing methodology. To collect the data, we asked the 18 ...