When it comes to making money and getting rewarded for your time, we get many questions asked about Wadiah Trading and some other Forex schemes.

Scheme: FOREX investment

We believe you should be very careful with these schemes because:

  • The testimonies are dubious and many are fake. For example, check out this discussion where testimonies were found to be fake
  • The business is not registered with authorities in Malaysia or overseas.
  • No contact address or local phone number given on website.
  • The top management (CEO, MD, Directors) are unknown which is not possible for a legitimate established business.
  • Promise large monthly income working from home.
  • Sounds too good to be true.
  • The website was just registered very recently (no track record). WadiahTrading.com was registered in Feb this year (2015)

    Domain Name: WADIAHTRADING.COM
    Registrar: NAMESILO, LLC
    Sponsoring Registrar IANA ID: 1479
    Whois Server: whois.namesilo.com
    Updated Date: 06-jun-2015
    Creation Date: 09-feb-2015

  • For muslims, Forex trading is haram, because foreign exchange is not a commodity that should be traded. See the video below.

Our verdict: Potential scam – AVOID

This business can close down at anytime and money deposited may be gone.

Similar programs to avoid:

  1. Baiduri4U
  2. FXUnited / CGAT
  3. InstaForex
  4. GVF
  5. T1FX
  6. M.O.P 2828
  7. RCFX
  8. NexusFX Fund
  9. MGCFX Fund Manager
  10. GWGFX

If you have more scams and illegal schemes to add to the list, please comment below.