Moomoo Securities Malaysia Review: Is Moomoo Securities Malaysia scam or legit
Moomoo Securities Malaysia is an online trading forum for a wide shopping basket of investment products such as stocks, ETFs and options. It claims advanced trading tools, data in real-time, and fees that investors could notch, but legitimacy and regulatory considerations have raised eyebrows towards it.
SC Warning of Moomoo Securities Malaysia
The Securities Commission (SC) Malaysia has warned Moomoo Securities Malaysia, saying it operates without proper authorization. The SC keeps updating its Investor Alert List proving to the public that it is warning against unlicensed entities, and Moomoo Securities Malaysia has figured as a risk here. It raises serious stakes in the credibility of the platform with investors.
Suspicious License of Regulation
While claiming to be a regulated platform, the licensing information is questionable. Either way, investors report that it does not have a clear regulatory status, so it is difficult to say whether or not the company runs under a financial license at all. Lack of clarity around the regulatory approvals brings the credibility into question.
Exaggerated Claims
It boast great trading conditions, minimal fees, and high profit potential. Many of those hype-and-hype themselves have been reported to have some hidden charges, platform breakdowns, and poor customer service.
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