RM500,000 Gone: Lecturer Duped by Online Investment Scam
A 39-year-old lecturer in Kuantan has been defrauded of RM493,600 in a sophisticated online investment scam
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Abstract:ACY Securities acquires Ingot Brokers, South Africa, enhancing its global presence and launching LogixTrader in the South African market.

ACY Securities, a leading global multi-asset CFD broker, has made significant strides in its expansion by acquiring Ingot Brokers South Africa. The move allows ACY Securities to operate in South Africa under the regulatory oversight of the Financial Sector Conduct Authority (FSCA), further strengthening its global footprint.
The acquisition is part of ACY Securities broader strategy to increase its presence in key international markets, including Africa, Southeast Asia, and Europe. Through this acquisition, the company aims to offer premium trading services, as well as its proprietary platform, LogixTrader, to South African traders.
“We view this acquisition as a pivotal step in our expansion,” said Jimmy Ye, CEO of ACY Securities. “It allows us to introduce LogixTrader, our innovative trading platform, to a wider audience while ensuring that traders are supported by one of the worlds most respected regulatory authorities. This enhances the trading experience, giving our clients access to over 2,200 financial instruments within a secure and compliant environment.”

LogixTrader, which launched earlier this year, is a web-based trading platform designed to provide traders with powerful tools and a seamless experience. Its integration into the South African market highlights ACY Securities commitment to delivering cutting-edge technology and exceptional customer service globally.
This acquisition marks the latest in a series of strategic initiatives by ACY Securities aimed at enhancing its global presence and value proposition. Earlier this year, the company introduced several updates, including improvements to its Swap-Free Account and the elimination of fees for cryptocurrency deposits.
The FSCA license granted to ACY Securities as part of the acquisition ensures that the broker can offer financial services in South Africa with full regulatory compliance. This milestone provides South African traders with an added layer of security, knowing they are trading with a licensed and trusted provider.
As part of its expansion strategy, ACY Securities continues to focus on transparency, client support, and technological innovation. Jimmy Ye emphasized that these core principles, combined with the ability to offer a broad range of financial instruments, would help the company solidify its position as a key player in the global financial services sector.
Final Thoughts
The acquisition of Ingot Brokers South Africa positions ACY Securities as a growing force in global financial markets, offering South African traders advanced technology and access to a wide array of trading instruments. As the company continues to expand, its commitment to innovation and regulatory compliance will likely be key factors in its future success.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

A 39-year-old lecturer in Kuantan has been defrauded of RM493,600 in a sophisticated online investment scam

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