The Securities Commission Malaysia (SCM) has added InstaForex and InstaTrade, brands under the InstaFintech Group, to its investor alert list, flagging them as unauthorized entities. This action is part of the SCM’s ongoing effort to warn the public about potential risks in unlicensed trading platforms.
SCM Alerts Public on InstaForex and InstaTrade Activities
The SCM announced on Monday that it has expanded its list of flagged entities, now including InstaTrade and InstaForex, both known brands in the international FX, CFD, and retail trading sectors. According to the SCM, these platforms are allegedly conducting unlicensed capital market activities involving securities dealing, making them unauthorized within Malaysia’s regulatory framework.
This warning aligns with the SCM’s broader mission to protect investors from unauthorized investment schemes and platforms. Other well-known brokerage names like Axitrader, Admirals, and HotForex are also on the alert list, highlighting SCM’s vigilance in monitoring non-compliant entities.
In addition to the InstaFintech brands, the SCM’s recent updates include warnings against other entities such as Binomo, PPNANCE, Folgory Exchange, and a potential clone named Finex Trade Station.
The SCM regularly updates its alert list as a reference for investors, encouraging them to verify the legitimacy of investment opportunities before engaging financially. The commission has also set up dedicated channels for the public to report suspicious market activities.
