Most likely they used to run fake FX.

Quick question. Why are the list of genuine brokers white , red and normal colored ?

Also ex octa here.. stay away from them... I noticed their services getting bad...

Hi norea,

Under list of genuine brokers, if you saw the name in red, that's mean there are account opening link given. Open account with the link and you will get dedicated support from our team.

Octa is never a reliable broker.

This post has been edited by DrFX: Nov 1 2025, 06:03 AM

Found a broker not listed in your list... Want to help contribute to your list ..Not sure which category but looks sus to me...

https://coinexx.com/

why the fx threads in lowyat are not active one?

Offshore broker? Dangerous! Bahaya!

We missed TriumphFX cockroaches.

Feel free to share if you have any new information on brokers or scam FX.

This post has been edited by DrFX: Nov 20 2025, 02:13 AM

"Tier 2 licenses under: European financial regulators (except Cysec), Australia ASIC, Canada IIROC, Hong Kong SFC."

So is Cyprus securities and exchange commission tier 1 or 2???

the (except cysec) is confusing me ... It's like saying cysec is a scam? I see a lot of brokers regulated under cysec ...

Also I feel vantagemarkets is a Tier 1 broker not on the list...

Unfortunately almost all the Tier 1/2 licenses don't apply to residence outside of the country of the regulator. It only gives a bit more assurance that they have taken an effort to be licenced in those countries but trading accounts can only be opened by residences of those country.

Taking Vantagemarkets as the example you have given and if you are not a resident of any of the Tier 1/Tier 2 license countries, you can't open an account belonging to those entity. You will end up with an account with Vantage Global which is licensed in Vanuatu. This is how most, if not every, forex broker operates when they have higher Tier licenses. Global customers (anyone not from the licensed tier countries) will end up with an account in their tier 4 Seychelles, BVI and Vanuatu licensed companies.

What we warn against are brokers that does not bother to be licensed by T1/T2 regulators and therefore a much higher risk.

I totally get what you're trying to say because I have been thinking about that too since some of the brokers in Malaysia have a slightly different url and after your explanation , I can confirm I was right.. but I'm curious about why op mentioned the except cysec part... Any ideas???

So is Cyprus securities and exchange commission tier 1 or 2???  ***Tier 3
the (except cysec) is confusing me ...  It's like saying cysec is a scam? I see a lot of brokers regulated under cysec ...
***Because it is cheaper and easier to obtain compare to tier 1.

Also I feel vantagemarkets is a Tier 1 broker not on the list...
***Too many subsidiaries are running fake forex. So no, it wont entitled to be on the list.


This post has been edited by DrFX: Feb 19 2026, 04:31 AM

***Most of the brokers have different URL in Malaysia is because they were in SC alert list, hence their official web site are blocked from Malaysia access.

Deleted

This post has been edited by magika: Feb 19 2026, 10:51 AM

https://www.forexpeacearmy.com/community/th...evidence.88340/



Do you think Vantage reliable? Big question mark.

Alert!

Stay away from EC Markets and Vantage as well as Vantage subsidiaries (PU Prime, UltimaMarkets, VTMarkets, StarTraders, Infinox) if you are profitable traders.

They have delete profits bad behaviour!




This post has been edited by DrFX: Apr 5 2026, 04:46 AM

True, bad apples! Better avoid them.

Any update on Triumphfx case? Seems like they just disappeared without anyone get caught.

Per last March's updates.
Five arrested in TriumphFX investment scam probe
By Austin Camoens
March 5, 2025

https://www.nst.com.my/news/crime-courts/20...g-vaCvOp8MIzjRw

Five individuals, believed to be mule account owners, have been arrested in connection with the Commercial Crime Investigation Department's probe into the TriumphFX foreign exchange investment scam.
............
............
"Our team of investigators are currently tracking down the mastermind behind this syndicate," he told reporters today.

"There shouldn't be any issue raised that the police are not investigating this syndicate. On our end, the investigation paper is being completed and action has been taken," he told reporters today.