简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The foreign exchange (forex) trading platform OctaFX has been added to Bank Negara Malaysia's (BNM) list of Financial Consumer Alerts. By doing this, the central bank has made it clear that the platform is neither authorized nor permitted by BNM's regulations.
Bank Negara Malaysia (BNM) has updated its Financial Consumer Alert list to include foreign exchange (forex) trading platform OctaFX. With this, the central bank has clarified that the platform is neither authorised nor approved under the regulations administered by BNM.
In its statement, BNM noted that OctaFX‘s website, as well as official accounts on social media platforms have all been added into the Financial Consumer Alert list. These include the platform’s Facebook, Twitter, Instagram, YouTube, and LinkedIn accounts.
BNM also explained that the Financial Consumer Alert list acts as a guide for investors, so that they are aware of entities and schemes that “may have been wrongly perceived or represented as being licensed or regulated by BNM”. Additionally, the list is updated based on information that is shared by members of the public, with necessary assessments conducted on the reported entities and schemes.
Aside from BNM, the Securities Commission Malaysia (SC), too, had previously added OctaFX to its own Investor Alert List. It was listed based on the justification that the platform had been carrying out capital market activities of dealing in derivatives without a licence, and for operating a recognised market without authorisation from the SC.
Meanwhile, OctaFX is an international forex broker with presence in over 100 countries globally. Within Malaysia, it has been gradually gaining interest and traction among investors due to its extensive advertisement campaigns, with celebrities such as Fizo Omar and Wak Doyok appearing as “ambassadors”. At the time of writing, the website for OctaFX is still live, along with its social media accounts (such as Facebook).
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.
Bank Negara Malaysia (BNM) has updated its Financial Consumer Alert List (FCA List) by adding 12 more entities, reinforcing its efforts to warn the public against unregulated financial schemes. Check if your broker made the list!
TradingView has launched a mini app on Telegram, making it easier for users to track market trends, check price movements, and share charts.
The global forex markets are bracing for April 2025 with divergent forecasts for key emerging market pairs. In particular, the USD/INR and USD/PHP pairs have attracted significant attention amid a mix of central bank interventions, evolving U.S. policy signals, and regional economic shifts. In this article, we review multiple forecasts, examine the driving factors, and outline what traders might expect as the month unfolds.
Know April’s forex seasonality trends for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. Historical insights and key levels to watch in 2025.