SC Malaysia Warns Against HFM

The Securities Commission Malaysia (SCM) issued a warning against a well-known broker, HFM/HFM Markets. This broker has a strong reputation in the forex industry. Therefore, the inclusion of this broker on SCM's Warning List comes as an unexpected.

The authority stated to the broker that Possible Clone operating an illegal investment scheme offering high returns. It also said The entity Carrying on unlicensed capital market activities of dealing in securities. As an investor or trader, you must stay alert and informed about what is going on in the foreign exchange market. Only become Alert. You can save your hard-earned money.

About SC Malaysia

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). Its mission is “to promote and maintain fair, efficient, secure and transparent securities and derivatives markets; and facilitate the orderly development of an innovative and competitive capital market”.

About HFM

HFM, a trading name of HF Markets Group, founded in 2010, is a financial broker that provides both individual and institutional clients with online trading services. HFM has been headquartered in Cyprus but serves several global offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines under respective regulatory authorities.

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