9 Scammers on the SC Alert Warning List in Malaysia 2026

Few places in Southeast Asia harbor an appetite for wealth creation quite like Malaysia, where retail investors enthusiastically chase the promise of financial independence. Yet where optimism flourishes, opportunism follows. A sea of unlicensed brokers and sophisticated "clone" entities continues to prey on innocent investors. Fortunately, a vigil is kept: Securities Commission (SC) Malaysia officially names and shames these fraudulent operators. Now, let us explore its blacklists for 2026, a closer look at which scammers were added, and thus help you to avoid them.

AIMS FX at a Glance

AIMS FX is an online CFD broker advertising to provide access to Forex Currencies, Global Shares, Fractional Shares, and stock indices. On the surface, this broker appears to have a professional website displaying detailed trading conditions, including trading costs and platform specifications. However, this broker operates completely outside regulatory oversight, meaning that trading with it places investors in a highly unsafe situation. Specifically, an unlicensed broker easily misuses client funds as their operating funds because they don't segregate clients' funds from their corporate funds. Even more concerning, these unregulated platforms would deny withdrawal requests, causing traders to lose their money entirely.

Akthar Sahabat Invest at a Glance

Akthar Sahabat Invest was added to the Securities Commission (SC) Investor Alert List in 2026. This scammer advertises that it is a telegram channel that offers trading account management and investment signals across stocks, forex, and cryptocurrency markets. Without any real substance, relying only on fake websites and empty marketing content promising unrealistic returns, this scheme begins defrauding investors. Ridiculously, this scammer registered up to 5 websites to keep their illegal operation running, ensure they could immediately switch to another whenever one is blocked.

According to its website, Akthar Sahabat Invest operates a Telegram group with 97 listed members. The truth behind this scheme is simple: scammers routinely leverage Telegram groups because they provide a fast, low-cost way to reach larger audiences. Fake profit screenshots, fabricated testimonials, and accounts posing as successful traders create a false sense of trust. Scammers also use promises of guaranteed returns and limited-time offers to pressure members into depositing money before verifying the investment's legitimacy.

AIX Investment Group at a Glance

AIX Investment Group advertises itself as an investment advisory company, offering financial services to its clients. This scam tried to clone another company that is based in the United Arab Emirates and Switzerland, but its unprofessional act betrayed its underlying motives. It leads directly to an account-opening page, exposing a clear red flag: AIX Investment Group is so eager to deceive investors through a bare-bones website that lacks any genuine, professional content. Therefore, once investors encounter a site pushing immediate account registration, the only safe move is to walk away. 100%, submitting your personal information is where the regret begins.

Aether Bridge Financial at a Glance

Aether Bridge Financial is another platform operating in Malaysia illegally. It provides financial services and operates trading activities totally outside regulatory oversight. Currently, its official website has been shut down. We cannot find any trace of this broker anywhere now. Aether Bridge Financial was added to this Investor alert list on 2026/3/27.

Aethel Capital at a Glance

Aethel Capital is another unlicensed broker that once offered trading services in Malaysia. Using familiar tactics, it also directly leads to an account registration page, luring newcomers to open an account first before providing any real information. However, the cruel truth is that registering an account is the first step to falling into their traps. These unlicensed platforms just want to lock in retail investors before they have time to research its legitimacy.

Al Mawarid Equity Sdn Bhd at a Glance

Al Mawarid Equity Sdn Bhd is listed as a clone entity by the Securities Commission (SC), because it misused the name and credentials of Al Mawarid Equity Sdn Bhd (VCPE/0032/2022), a registered entity with SC for Venture Capital / Private Equity to carry out an illegal investment scheme offering high returns. It was added to the list on 15 September, 2026. This broker relies on a

simple website, solely focused on promoting their financial investment content, without displaying regulatory details or licensing background. On its website,

AI Mawarid only lists an email address for clients to get in touch with them, offering neither real-time online chat nor phone assistance. This is a concerning sign that this clone broker has no intention of giving its clients customer support if something goes wrong.

AI Trade Partner at a Glance

AI Trade Partner was officially added to the list on 31 July, 2026, and it was listed as operating an illegal scheme and operating without any regulatory oversight. Currently, this platform's official website has been shut down.

Aurum Fund at a Glance

Aurum Fund was officially added to the list on July 13, 2026, and it was listed as operating an illegal scheme and operating without any regulatory oversight. Currently, this platform's official website has been shut down.

Ariff Hanafiah Trader at a Glance

Ariff Hanafiah Trader was officially added to the list on 8 January, 2026, and it was listed as a possible clone operating an illegal investment scheme offering high returns, like a return of RM 30,000 in 3-6 hours with an investment of RM1,000. Promoting high and unrealistic returns is strictly prohibited and subject to active regulatory crackdowns in Malaysia. Besides, this platform operates without any regulatory oversight. Currently, its official website has been shut down.

How to Spot an Investment Scammer in Malaysia: 6 Warning Signs

Investment scams in Malaysia are not always easy to recognize. Fraudsters use tricky tactics like professional websites, fake regulatory certificates, promotional social media invitations, and promises of attractive returns to gain investors' trust. Before investing, there are six warning signs worth checking.

Suspicious Payment Details

Be cautious if an investment platform asks for deposits into a personal bank account or an account unrelated to the company. Investors can check suspicious bank account numbers through Malaysia's Semak Mule service. However, an account with no reported records is not necessarily safe.

Unverified Regulatory Claims

A company registration certificate does not equal an investment licence. Investors should verify the company's legal name and authorised activities through the Securities Commission Malaysia (SC). An overseas licence also does not automatically permit a broker to offer services in Malaysia.

Guaranteed High Returns

Promises of fixed profits with little or no risk are a major warning sign. For example, an investment scheme offering a guaranteed 10% monthly return on RM5,000 deserves scrutiny. Genuine investments carry risks, and past profits cannot guarantee future performance.

Pressure to Invest Immediately

Scammers often use limited-time offers, exclusive bonuses, or fabricated success stories to create urgency. WhatsApp and Telegram groups filled with profit screenshots may also be used to influence potential investors. Legitimate investment decisions should not require immediate commitments.

Unexpected Withdrawal Charges

A growing account balance means little if the money cannot be withdrawn. Requests for additional deposits, tax clearance fees, or verification payments before releasing funds are serious red flags. Some fraudulent platforms even allow small initial withdrawals to encourage larger deposits.

Unsolicited Investment Advice

Fraudsters may approach potential victims through Facebook, Instagram, dating apps, or private messages. After building trust, they introduce investment opportunities involving forex, gold, or cryptocurrencies. Requests for banking passwords, OTPs, or remote access to personal devices should never be accepted.

The Bottom Line

Trading is not an easy path to wealth. Entering the markets without a plan often leads to loss. Before making a deposit, it is always useful to check a platform's regulatory credentials. If you cannot find a trustworthy broker, simply avoiding a scammer's trap is already a major victory for your trading.

Risk warning: Trading forex and CFDs involves significant risk and may result in losses that exceed expectations. Leverage magnifies both gains and losses. This article is for educational purposes only and does not constitute investment advice.

FAQs

What is the SC Investor Alert List in Malaysia?

It is a list published by the Securities Commission Malaysia (SC) to warn the public about unauthorized investment activities and entities.

How can I check whether an investment company is a scam?

Check the SC Investor Alert List and verify the company's licensing status through the SC's official website.

Is every company on the SC Investor Alert List a confirmed scam?

No. The list identifies entities and activities flagged by the SC, but inclusion does not necessarily mean fraud has been legally proven.