SC adds TTF Global Asia and Bold Prime to Investor Alert List

Recently, The Securities Commission Malaysia(SC) updated its Investor Alert List. SC has added Two entities to the List. They are TTF Global Asia and Bold Prime. The Investor Alert List contains a list of unauthorized websites, investment products, companies, and individuals.

1. Persons carrying on or holding themselves out as carrying on the following regulated activities without a license from the SC:

• dealing in securities;

• dealing in derivatives;

• fund management;

• advising on corporate finance;

• investment advice;

• financial planning;

• dealing in private retirement schemes.

2. Persons operating a recognized market without authorization;

3. Persons issuing or offering securities without approval, authorization, or recognition; and

4. Persons misusing the SCs logo and misrepresenting the SC.

About TTF Global Asia

TTF Global Asia is a financial advisory and planning firm based in Malaysia, it claimed to be designed to help people make informed decisions about their investments and achieve their financial goals. Whether investors are new to investing or experienced investors, TTF Global Asia has the resources and tools to help investors succeed.

However, its website gives little information about the background of this company, we also know who owns this company and what regulatory status it is currently in. The lack of so many fundamental documents marks this broker as a red flag. Since SC added TTF Global Asia to the Investor Alert List, we cannot give credit to this company.

About Bold Prime

Bold Prime is another platform that has been added to the List by SC. This broker is registered in Australia but it also ran its business in Malaysia. WikiFX has given this broker a low score of 1.34/10 due to its unregulated status and too many complaints from investors.

Conclusion

Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. These two entities are not safe to be invested in as the local authority has given a warning publicly. All traders should be vigilant when investing in a broker.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!