Bank Negara Malaysia warns against OctaFX, stresses that the company is operating without approval or license | TechNave

If you regularly watch YouTube and don’t have an ad-blocker turned on, then it’s very likely that you’ve been bombarded with annoying ads by a company called OctaFX offering investment and financial services. Well, as it turns out, OctaFX's aforementioned services and operation were never authorised or approved by Bank Negara Malaysia .

Through the updated list BNM asserts that the entity known as OctaFX is operating under various website URLs which you can view here. Previously, OctaFX was also flagged by the Securities Commission for various reasons. In its Investor Alert List, SC said that the company is carrying out capital market activities of dealing in derivatives without a licence and operating a recognized market without authorisation from the SC.

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