Bank Negara Malaysia (BNM) has updated the Financial Consumer Alert (FCA) List to include six new entities that are neither authorised nor approved by the central bank.
The six new entities are Emar Markets, HF Markets and HF Markets (SV) Pty Ltd, AVAPartner and AVATrade, Just Markets, Etoro Investment and I Investment 254.
“The list is not exhaustive and will be updated regularly,” it said.
On its official website, BNM said the FCA List is a guide to enhance awareness of entities or schemes which may have been wrongly perceived or represented as being licensed or regulated by the central bank.
“Consumers may refer to the list as one of several ways to check if an entity or a scheme has been identified as one that has not been authorised by BNM to offer financial products or services that are regulated by BNM,” it said.
“As with any financial investment, consumers are advised to exercise due care when investing in any entity or financial scheme,” it said. — BERNAMA
