Trader Team Malaysia Review: Is Trader Team Malaysia scam or legit
Overview of Trader Team Malaysia
Trader Team Malaysia was established in 2022 and functions as a trading platform providing services related to currency, stock indices, commodities, synthetic indices, etc. The platform emphasizes features such as a demo account with a balance of $10,000, a low minimum deposit of $100, a 50% bonus for all new members, and easy withdrawal procedures for its clients.
SC Warned Trader Team Malaysia
The Securities Commission Malaysia (SC) has placed Trader Team Malaysia on its Investor Alert List. This list includes entities that cannot operate legally under Malaysia’s capital market. The SC also advises all investors to be wary and avoid any trading activities with these aforementioned platforms not authorized and regulated by the SC.
Licensing Regulatory Suspicion
Having no regulatory supervision, Trader Team Malaysia has no license from any of the foremost financial authorities. This raises questions about the platform’s credibility and safety for the investors’ funds. Engaging with unregulated brokers could expose investors to risks such as the slope of fraud and a lack of financial security.
Offering Illegal Investments
By operating a scheme without any regulation, the investment offering of Trader Team Malaysia could be termed illegal. Avoid any platform that is not registered with the respective regulatory bodies, as joining any unauthorized investment scheme may lead to huge losses.
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