As early as October 26, 2022, Forbes Capital Trading was included in the Investor Alert List released by the Malaysian Securities Regulatory Commission (SC). Even so, to this day, many Malaysian investors are still being deceived by Forbes Capital Trading.
35 principal, 3000 to be paid out
At the end of last year, scammed Malay Huiyou accidentally joined a WhatsApp group with over 40 members, mainly discussing investments. Often, some people posted earnings screenshots in the group.
After watching it for two months, this Huiyou couldn't bear it and, under the guidance of group friends, opened an account on the Forbes Capital Trading platform.
Forbes Capital Trading does not have high requirements for opening an account, and Huiyou initially only deposited RM35 (approximately RMB 54). After starting the transaction, Huiyou's RM35 quickly appreciated to RM28000, with a yield of up to 800%. During this period, the platform customer service has been urging Huiyou to increase investment to earn more profits, but fortunately Huiyou did not blindly increase funds.
When Huiyou came up with the money, they were told that withdrawal would require an additional deposit of RM3000 (approximately RMB 54). This time, Huiyou couldn't bear to give up the huge profits and transferred the funds as required. Of course, the result was only an increase in losses, and there was still no news of withdrawal.
The temptation of high returns: in order to withdraw principal, losses continue to expand
There are still many exposures about Forbes Capital Trading on foreign websites by Huiyou: some Huiyou found that their account was disabled and unable to log in after making a profit on the platform when making a deposit; Some Huiyou were informed of excessive trading and required to pay a fee of RM2570 when withdrawing cash; After she made the required payment, she was informed that her international account had not yet been activated and she needed to pay RM3500 to activate the account; But after making this payment, the platform asked her to pay another fee, and Huiyou suffered an increasing loss because she wanted to retrieve the profit of RM26780 displayed on Forbes Capital Trading.
From the victim cases mentioned above, several characteristics of the Forbes Capital Trading scam can be observed:
It only takes a few tens of ringgit to join the investment. Yes, it attracts investors into the scam with a very low investment threshold and gradually deepens them.
Within a few hours, the profit of RM2. 35 reached RM28000, and an 800% profit looks really impressive. Many investors increase their principal when they are excited.
3. Don't worry about not understanding investment trading, there are professional traders trading on behalf of customers. Forbes Capital Trading knows too much about ordinary people waiting for "wealth dreams" without the need for self research.
4. "If you want to make a payment, you must pay the corresponding fee" and "the paid fee will be refunded to the customer's bank account together with the profit later. I have to pay a fee on one side
