Before Trading with Bursammalaysia, See if Bursammalaysia is the Right Broker in this Bursammalaysia review and Why It’s on Our Broker Alert List
We examine the Bursammalaysia Review today to learn the truth about this broker, who has been placed on a blacklist by the Malaysian Securities Commission (SC) for engaging in cloning. Find out why you should not use this fraudulent platform by reading on.
Website: https://bursammalaysia.com/Trade/tradelist
Website Availability: YES
Official Address: NA
Regulation: Unregulated
Warned By: Securities Commission (Malaysia)
Domain Status:
Name: BURSAMMALAYSIA.COM
Registry Domain ID: 2907904336_DOMAIN_COM-VRSN
Registered On: 2024-08-14T04:24:21Z
Expires On: 2025-08-14T04:24:21Z
Updated On: 2024-09-12T12:09:19Z
What is Bursammalaysia?
At first glance, Bursammalaysia appears to be a reputable trading platform. The name itself bears a remarkable resemblance to Bursa Malaysia, Malaysia’s primary stock exchange. The purpose of this purposeful naming technique is to trick prospective investors into thinking they are interacting with a reputable company. However, a closer inspection reveals a scam operation that has nothing to do with the actual Bursa Malaysia. In this Bursammalaysia Review, we’ll dissect the red flags that make this platform a dangerous choice.
Blacklisted by the SC of Malaysia
The SC (Securities Commission) of Malaysia has officially blacklisted Bursammalaysia for cloning activities. According to the SC, the platform has been impersonating Bursa Malaysia to lure unsuspecting investors. The prevalence of these cloning frauds is increasing, therefore it’s critical to distinguish between the real and the false. This Bursammalaysia Review aims to educate traders on avoiding such fraudulent schemes.
Key Red Flags Highlighted in This Bursammalaysia Review
- Misleading Name: The platform’s name is almost identical to Bursa Malaysia, which is a blatant attempt to deceive users.
- Unregulated Operations: Unlike the legitimate Bursa Malaysia, Bursammalaysia operates without any regulatory oversight. As this Bursammalaysia Review emphasizes, dealing with unregulated brokers is a recipe for disaster.
- SC Warning: The SC’s official warning about the platform is a significant indicator of its fraudulent nature. Always verify if a platform is listed on the SC’s investor alert list.
The Final Verdict on Bursammalaysia
In this Bursammalaysia Review, it’s clear that the platform is a scam designed to exploit unsuspecting investors. With its blacklisting by the SC for cloning activities, Bursammalaysia should be avoided at all costs.
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Note: The Bursammalaysia review is influenced by some existing Bursammalaysia reviews online and we have created an original Bursammalaysia review based on known facts. We are not responsible for any legal actions taken by any entity favoring Bursammalaysia company.