Regulator alert lists
50 names are on a Malaysian regulator's alert list: 4 from the Securities Commission Malaysia Investor Alert List, read on 2026-09-22, and 46 from Labuan FSA Malaysia's list of unregulated or unauthorised parties, as at 2026-06-04. A separate register names 31 licensed entities barred from using their licence, as at 2026-09-07. SmartChecker copies all three unchanged and adds nothing. A last section is SmartChecker's own work rather than a regulator's: 6 companies searched by name in the SC's register of licence holders on 2026-10-07, for which the register returned no entry.
No list here is a SmartChecker finding. Each one is published by the regulator named on the row, and each name below is the regulator's statement about that party. Names are reproduced exactly as the regulator prints them, including the regulator's own spellings and numbering.
Not licensed by a Malaysian regulator
One list, both regulators. Each row carries the regulator that published it. Labuan FSA Malaysia states: “The public is advised not to deal with entities that are not licensed by Labuan FSA Malaysia to conduct and provide financial services in Labuan IBFC. The list is not exhaustive and will be updated from time to time.” Its list states and was read on ; the SC Investor Alert List was read on . Check the Labuan FSA Malaysia source.
FxPro
Not licensed
What the regulator says
www.fxpro.com.my · www.fxpro.com · www.fxpro.investments
SC: “Carrying on unregulated activities”
On the list as read on
Vantage Markets
Not licensed
What the regulator says
Also listed as: Vantage Malaysia, VantageFX
SC: “Carrying on unregulated activities”
On the list as read on
OctaFX
Not licensed
What the regulator says
www.octafx.com · www.octafx.my · www.octafxmy.com
SC: “Carrying out capital market activities of dealing in derivatives without a licence”
SC: “Operating a recognized market without authorisation from the SC”
Also on Bank Negara Malaysia's Financial Consumer Alert List.
On the list as read on
XM Trader Malaysia
Not licensed
What the regulator says
Also listed as: Pelaburan XM Malaysia, Saham Komuniti XM, XM Broker, XM Master Trading
www.xmbroker-fx.com · Telegram channels
This listing is for the name XM Trader Malaysia and the website xmbroker-fx.com. It is not the website xm.com.
SC: “Misrepresentation, misusing SC's name and logo”
SC: “Carrying on unlicensed capital market activities of dealing in securities”
SC: “Illegal investment scheme offering high returns”
On the list as read on
OMEGA PINNACLE LTD (LL13334)
Not licensed
What the regulator says
Struck-off from registration and not licensed by Labuan FSA Malaysia to take deposit from public.
WMS CAPITAL LTD (LL13333)
Not licensed
What the regulator says
Struck-off from registration and not licensed by Labuan FSA Malaysia to take deposit from public.
SABA INC (LL08358) 11A, Main Tower, Financial Park, Labuan, Malaysia (federal territory)
Not licensed
What the regulator says
Struck-off from registration and not licensed by Labuan FSA Malaysia to conduct financial service activity.
BCI INTERNATIONAL PLC (LL09900)
Not licensed
What the regulator says
Struck-off from Labuan FSA Malaysia registration and is not licensed to conduct any financial business activity.
PUBEL BEDFORD CAPITAL LIMITED (LL07172)
Not licensed
What the regulator says
Dissolved from Labuan FSA Malaysia registration and is not licensed to conduct any financial business activity.
GL Speed Limited (LL12305)
Not licensed
What the regulator says
Struck-off from Labuan FSA Malaysia registration and is not licensed to conduct any financial securities activity/ take deposit from public.
HAWTHORN FINANCIAL SOLUTIONS LIMITED (LL10491)
Not licensed
What the regulator says
Entity is not licensed to conduct any financial investment activities.
ASIA DEVELOPMENT & INVESTMENT BANK LTD. (110109BI/LL07549)
Not licensed
What the regulator says
The banking licence has been revoked since 28 September 2017 and hereafter is not permitted to conduct any financial services activities.
JT TRANSFER LTD (LL14582)
Not licensed
What the regulator says
Struck-off from registration and not licensed to conduct any financial services activities.
PE SERVICES LTD (LL10291)
Not licensed
What the regulator says
Struck-off from registration and not licensed to conduct any financial services activities.
STIRLING OUTSOURCING LIMITED (LL09871)
Not licensed
What the regulator says
Struck-off from registration and not licensed to conduct any financial services activities.
THRONE LEGACY CAPITAL LIMITED
Not licensed
What the regulator says
Throne Legacy Capital Limited is not registered or licensed in Labuan IBFC to conduct and provide any financial services.
CRYPTO FOXTRADES LIMITED
Not licensed
What the regulator says
Not registered/licensed by Labuan FSA Malaysia to conduct any financial services activities and misuse of LFSA's name & logo on their website.
FINCORP @ FINANCIAL CORPORATION LTD
Not licensed
What the regulator says
FINCORP is NOT registered and/or licensed by Labuan FSA Malaysia.
GLOBAL INVESTMENT BANK & CAPITAL TRUST
Not licensed
What the regulator says
Global Investment Bank & Capital Trust is not an investment bank licensed in Labuan IBFC.
PLUS FIVE TRADING
Not licensed
What the regulator says
Plus Five Trading is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
SMART INVESTMENT BANK LIMITED
Not licensed
What the regulator says
Smart Investment Bank Limited is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
UMMAH CENTRAL HALAL INVESTMENT SDN. BHD.
Not licensed
What the regulator says
UMMAH CENTRAL HALAL INVESTMENT SDN. BHD. is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
AL FARIS TRADE SDN BHD
Not licensed
What the regulator says
AL FARIS TRADE SDN BHD is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
AL RAYAN GLOBAL TRADING - Potential clone entity
Someone is impersonating this name
What the regulator says
Labuan FSA Malaysia describes this as a potential clone — someone impersonating a real business. The business named is the one being impersonated.
AL RAYAN GLOBAL TRADING is not registered or licensed by the Labuan FSA Malaysia.
SKY FX LTD
Not licensed
What the regulator says
SKY FX LTD is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
RAJ CHAWLA
Not licensed
What the regulator says
https://superannuationtransfer.com
Not registered or licensed by Labuan FSA Malaysia to conduct any financial services activities and misuse of LFSA's name & logo on their website.
CHOICE FINANCE INTERNATIONAL / CHOICE FINANCE BANK, LABUAN
Not licensed
What the regulator says
CHOICE FINANCE INTERNATIONAL/ CHOICE FINANCE BANK, LABUAN is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
FATIN (L) LIMITED
Not licensed
What the regulator says
FATIN (L) LIMITED is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
PENNINGTON FUND (LABUAN) LLP
Not licensed
What the regulator says
PENNINGTON FUND (LABUAN) LLP had been struck-off from Labuan FSA Malaysia registration and not permitted to conduct capital market business in Labuan IBFC.
OXI CORPORATION LIMITED.
Not licensed
What the regulator says
OXI CORPORATION LIMITED is not registered or licensed in Labuan IBFC to conduct and provide any financial services activities.
EISENGUARD EQUITY VENTURES A.G.
Not licensed
What the regulator says
Struck-off from Labuan FSA Malaysia registration and is not permitted to solicit deposits from the public for investment activities
AL-HUDA ASSET MANAGEMENT SDN. BHD.
Not licensed
What the regulator says
Not registered or licensed by Labuan FSA Malaysia to carry out money broking activity.
BACERA CO PTY LTD
Not licensed
What the regulator says
Not registered or licensed by Labuan FSA Malaysia to conduct and provide any financial services activities.
QI MANAGEMENT GROUP LTD
Not licensed
What the regulator says
Struck-off from Labuan FSA Malaysia registration and is not permitted to conduct any financial services activities.
C76VC INVESTMENT HOLDINGS PRIVATE LIMITED
Not licensed
What the regulator says
Struck-off from Labuan FSA Malaysia registration and is not permitted to conduct any capital market activities.
MAZDAR LIMITED
Not licensed
What the regulator says
Struck-off from Labuan FSA Malaysia registration and is not permitted to conduct any financial services activities.
https://www.investglo.com
Not licensed
What the regulator says
Have made an offer that is wrongly perceived as being licensed or in any other way authorised or regulated by Labuan FSA Malaysia.
DANA WAWASAN CAPITAL PTE LTD
Not licensed
What the regulator says
Dana Wawasan Capital Pte Ltd is not registered or licensed by Labuan FSA Malaysia to conduct and provide any financial services activities.
GOLDENSUN FOUNDATION LIMITED
Not licensed
What the regulator says
GoldenSun Foundation Limited is not registered or licensed by Labuan FSA Malaysia to conduct and provide any financial services activities.
CORSA FUTURES (CF)
Not licensed
What the regulator says
Corsa Futures is not registered or licensed by Labuan FSA Malaysia to conduct and provide any financial services activities.
WeBell Investment Limited (WIL)
Not licensed
What the regulator says
WeBell Investment Limited is not registered or licensed by Labuan FSA Malaysia to conduct and provide any financial services activities.
Potential clone entity - Bill Morrisons
Someone is impersonating this name
What the regulator says
Labuan FSA Malaysia describes this as a potential clone — someone impersonating a real business. The business named is the one being impersonated.
Bill Morrisons is not registered or licensed by Labuan FSA Malaysia and may be impersonating as a legitimate Bill Morrisons International Ltd, a licensed insurance broker with Labuan FSA Malaysia.
MY APAC Malaysia Sdn Bhd (MAM)
Not licensed
What the regulator says
MY APAC Malaysia Sdn Bhd is not registered or licensed by Labuan FSA Malaysia to conduct and provide any financial services activities.
Finnix Signal
Not licensed
What the regulator says
Finix Signal is not registered or licensed by Labuan FSA Malaysia to conduct or provide financial services.
Trade Zella Ltd.
Someone is impersonating this name
What the regulator says
Labuan FSA Malaysia describes this as a potential clone — someone impersonating a real business. The business named is the one being impersonated.
Trade Zella Ltd. is not registered or licensed by the Labuan FSA Malaysia to conduct or provide financial services, and it is a potential clone entity offering illegal investment activities.
B Stable Ltem (BSL)
Not licensed
What the regulator says
B Stable Ltem is not registered or licensed by Labuan FSA Malaysia.
Gexertmax Trust Company (GTC)
Not licensed
What the regulator says
Gexertmax Trust Company is not registered or licensed by Labuan FSA Malaysia.
Potential clone entity - CVC Capital Partners Limited (CVC)
Someone is impersonating this name
What the regulator says
Labuan FSA Malaysia describes this as a potential clone — someone impersonating a real business. The business named is the one being impersonated.
CVC Capital Partners Limited is not registered or licensed by Labuan FSA Malaysia.
THE AWAN LTD.
Not licensed
What the regulator says
The Awan Ltd. is not registered or licensed by Labuan FSA Malaysia.
4E-EEE.COM
Not licensed
What the regulator says
https://eeee.com/cooperation/en
4E-EEE.COM is not licensed or regulated by Labuan FSA Malaysia and has no affiliation with Labuan FSA Malaysia.
Searched for, and not on the SC register
The two lists above are regulators naming parties. This one is not a regulator's list at all. SmartChecker searched the SC's own register of licence holders for each name on 2026-10-07 and the register returned no entry. Every row prints the term that was typed so the search can be repeated. Absence from this register is not a finding of wrongdoing by anybody, says nothing about what a company is licensed to do in another country, and is not a statement about any other list. An SC licence is what places a provider under the Securities Commission's supervision in Malaysia. A provider without one is outside it, whatever it may be licensed to do in another country. Search the register yourself, or read the full record of these searches.
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eToro
Not licensed by the SC & LFSA
What we searched
Searched for “eToro”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
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AvaTrade
Not licensed by the SC & LFSA
What we searched
Searched for “Ava”: 9 records found, every one of them an individual representative licensed to a different company. None is AvaTrade.
Searched on in the SC Public Register of Licence Holders and Registered Persons
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ATFX
Not licensed by the SC & LFSA
What we searched
Searched for “ATFX”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
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Tiger Brokers
Not licensed by the SC & LFSA
What we searched
Searched for “Tiger”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
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FXCM
Not licensed by the SC & LFSA
What we searched
Searched for “FXCM”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
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EC Markets
Not licensed by the SC & LFSA
What we searched
Searched for “EC Markets”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
Licensed, and barred from using the licence
31 entities appear on Labuan FSA Malaysia's business restriction register. These hold a Labuan FSA Malaysia licence and are restricted from carrying on the business it permits — a different finding from the list above. Register states . Check the Labuan FSA Malaysia source.
Best Re (L) Limited
Insurance
Tradewinds Futures Limited
Broker
Alfa Assets Group Limited
Broker
Confiance International Reinsurance Brokers L.L.C
Insurance Broker
SG Advisory Limited
Broker
FXGate Ltd
Broker
Saba Capital Inc.
Broker
APPB Insurance Brokers Limited
Insurance Broker
IRC Ltd.
Broker
Mortiz Ltd
Securities Licensee
Fintech Bank Ltd.
Commercial Bank
City Credit Capital (Labuan) Ltd
Broker
City Credit Investment Bank Limited
Investment Bank
Topworth Investments Ltd.
Broker
Orbis Private Solutions S.A
Fund Manager
Belfrics International Limited
Broker
Pacific Invesco Capital Limited
Fund Manager
UW Global Inc.
Broker
AC Prudential Fund Management Co. Ltd.
Fund Manager
AUGS Markets Limited
Broker
Alpha International Inc.
Fund Manager
Asia Pacific Investment Bank Ltd.
Investment Bank
Coinyex Co. Ltd
Broker
AIFC Technology Ltd.
Broker
Taqanergy International (Labuan) Ltd.
Labuan International Commodity Trading
ACE Investment Bank Limited
Investment Bank
A1 X Ltd
Broker
Honor Capital Markets Limited
Broker
Tatmas Fintech Solutions Ltd
Broker
YLD FX Ltd.
Broker
Venn Prime Securities Limited
Broker