Advertised as "high yield, fast profit", the black platform ForbesCapitalTrading is crazy in Malaysia!

Since the beginning of this year, the Forbes Capital Trading platform can be said to be crazy in Malaysia! For several months in a row, victims of the Forbes Capital Trading platform have been exposed one after another on the Internet. It is not an exaggeration to say that "the data is huge".

Looking at the dozen or so fraud cases known to the king, the process of the victims being deceived is similar, and Forbes Capital Trading can be said to have brought "a new trick, eating all over the world" to the extreme. No, Forbes Capital Trading's fraud routine itself is not "fresh"!

On the contrary, Forbes Capital Trading's fraud routine is still very "old-fashioned": it is nothing more than spreading the net on the Internet (advertising, a large number of trolls), luring victims to invest with high returns (super high returns, super fast profits), and then Crazy slaughter on the way to withdraw money (make up various excuses to ask for fees, such as account activation, security verification, deposit/commission, etc.). One of the important reasons why it is so successful is that the threshold it sets is low enough. As long as you are willing to invest, you don’t think you have little capital. Therefore, many investors, students, and people with financial difficulties have become "leeks" on the Forbes Capital Trading platform. ".

According to a netizen, he was accidentally added to a Whatsapp group. There are teachers in the group sharing trading strategies and instructions every day. People in the group often echo and post screenshots of profits. The income is quite considerable. After two months of observation, netizens decided to give it a try, and the platform they recommended was Forbes Capital Trading.

The staff sold him a packaged investment plan (Investment Package), the more you invest, the greater your returns, and you don't need to trade by yourself. However, the netizen only deposited 35 ringgit, and although the teacher kept urging him to add more funds, fortunately, he saw that the profit was considerable and did not follow suit. In just a few hours, the netizen's account actually made a profit of about 28,000 ringgit, and the rate of return was as high as 800%! However, when netizens want to withdraw cash, they are told that they need to recharge 3,000 ringgit. Of course, after he transferred 3,000 ringgit as required, he was still unable to withdraw cash!

The experience of most victims being deceived is almost exactly the same as that of the above-mentioned netizens, except that some of them were inexplicably added to the relevant Whatsapp groups, and some of them actively contacted by watching advertisements on social media, because social media such as Facebook The platform is flooded with advertisements for high-yield investments from Forbes Capital Trading.

Investing ads on Facebook about Forbes Capital Trading

There are also a small number of victims who were "drained" in different ways . One victim claimed to have seen an investment advertisement about Vestfix Capital on Facebook, and contacted him actively through the advertisement, and the other party claimed to be Forbes Capital Trading Platform customer service. The subsequent fraud routines were nothing new. The victim recharged 3,000 ringgit and quickly made a profit of 67,390 ringgit. In the end, he recharged several times for cash withdrawal, but he couldn't get the money...

Investment ads about Vestfix Capital on Facebook

The website of the Forbes Capital Trading platform is www.forbestrading.com. The domain name was created in July 2022. It is already notorious in Malaysia, but it is still inevitable that some investment novices will be deceived.

The platform is advertised as a foreign exchange trading platform that provides investment and trading services for financial derivatives such as multiple assets, stocks, and cryptocurrencies, but Ben Wang did not find any regulatory-related information on the Forbes Capital Trading webpage. According to reports from victims, the scammer had privately lied to investors that he was regulated by Bank Negara Malaysia (BNM), Securities Commission Malaysia (SC) and Safety Net Malaysia (SCM). But none of the three agencies are foreign exchange regulators.

On top of that, SC Malaysia added the trader to the investor warning list as early as last year.

High profits are often accompanied by high risks, and there has never been an investment without risks. If you come across a direct valet trader like Forbes Capital Trading that allows customers to "make a lot of money while lying down", just stay away. The money in this market is really not as easy to earn as you think!