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Financial regulators and trader communities have flagged a new concern: Malaysia scam losses rise to RM2.7bil in 2025, spike during festive seasons. This report, based on information published on March 24, 2026, contains details every retail forex trader must know to protect their capital.
What You Need to Know
Here are the key details from this alert:
- KUALA LUMPUR: Malaysia’s scam-related losses reached approximately RM2
- 7 billion in 2025, representing a 76 per cent increase from 2024, with a noticeable spike during festive seasons such as Hari Raya, according to cybersecurity firm Fortinet Malaysia
- Its country manager, Kevin Wong, said phishing campaigns, fake e-commerce platforms, and fraudulent payment links largely drive these incidents
- He said that with the growing adoption of digital payments, including e-duit raya, attackers are also exploiting QR codes and payment channels to redirect transactions
- “Festive periods are not just high-risk for consumers; they also expand the threat landscape for businesses and critical infrastructure
- “Higher transaction volumes and increased digital activity create a larger attack surface
- Source: Malaysia scam losses rise to RM2.7bil in 2025, spike during festive seasons
Key Warning Signs from This Alert
- Unregulated or offshore broker operations
- Withdrawal restrictions and unexplained account freezes
- Guaranteed profit claims violating basic market principles
- Pressure tactics and urgency-based sales pitches
How to Verify a Forex Broker
Always confirm regulation directly on FCA (register.fca.org.uk), ASIC (asic.gov.au), CySEC (cysec.gov.cy), or MAS (mas.gov.sg) registers before depositing. Cross-check broker names on ScamBrokersReview and ForexTradingScam.com.
Frequently Asked Questions
Is this news verified?
This report is based on information from external sources identified through our news monitoring system. We recommend verifying directly with primary sources and official regulators before making any financial decisions.
Where can I report financial fraud?
Report to your national financial regulator: FCA (UK), ASIC (Australia), SEC/CFTC (USA), MAS (Singapore), OJK (Indonesia). Also report at Action Fraud (UK) or ScamWatch (Australia).
Published by Scambrokersreview on March 24, 2026. Source: Malaysia scam losses rise to RM2.7bil in 2025, spike during
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