This tagline is used by unlicensed forex services companies to lure those in their 20s and 30s to invest their hard-earned cash.

Experts say these youths are usually blinded by greed or in a hurry to make a lot of money.

They do not mind taking risks investing in offshore forex companies, with some located in the Bahamas, Russia or Bermuda, as long as they get fast returns.

Some youngsters persuade their parents to withdraw money from their Employees Provident Fund or personal savings. When they run short of money, they even borrow from Ah Long (loan sharks) in a desperate attempt to recover the lost money.

Chief Market Analyst Ives Ooi, from Winvest Global, said the modus operandi is easy.

“These companies openly advertise online. These syndicates speculate on future markets, saying there is money to be made tomorrow.

“Once a person is convinced of the high returns, these syndicates will ask the person to pay a registration fee and recruit others,” he told FMT.

He said some of the companies operate on a multi-level marketing level and make money from registration and recruiting fees and the forex investments.

They are made to attend free seminars or “webinars”, apparently to give prospective investors an insight into how forex works and “secret techniques to make money”.

“Most of the people are totally convinced that the scheme will pay off big and invest a lot of money after looking at the initial profits,” he told FMT.

MCA Head of Public Services and Complaints Bureau, Michael Chong said he had received a lot of complaints from parents and victims.

“By the time they come to me, there is nothing I can do. Most of these companies are registered overseas and we are unable to take legal action against them, most of which are in the Bahamas, Russia and Bermuda.”

Chong said most of the people who come to seek help are in their 20s and 30s.

He said the victims were convinced by their relatives and close friends to sign up with offshore companies, promising them easy and quick money.

“I have seen many relationships going sour because of these forex dealings. Relatives move away and friends become enemies after losing their life savings.”

He said most of the victims used their parents’ EPF savings and other types of savings.

Chong has interviewed several victims who admitted signing up for these forex services due to their greed.

“They sign up. They see huge profits. Greed takes over and they invest more. When they lose money, they get into debt.

“They go to Ah Long for more money to recover the lost money. They become like a bird in a cage. One of the victims, in his 20s, told me of being in debt to the tune of RM250,000.”

He said some of these forex companies had posh offices as their front in Kuala Lumpur.

“Once they have made enough money, they will close their business and disappear.”

Chong said there were genuine forex companies supervised by the banks and many investors had made profits.

“There are so many local banks they can get information from, but most Malaysians do not check first. They do not study whether these companies are legitimate and reputable.”

Chong advised investors to seek financial advice from these banks or Bank Negara at Financial Consumer Alert.

As for overseas companies, investors can check with their corresponding regulatory agencies that check the credibility of the forex brokers.

They include the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) in the United States, Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the United Kingdom, Australian Securities and Investment Commission (ASIC), Swiss Federal Banking Commission (SFBC), Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) in Germany and Autorité des Marchés Financiers (AMF) in France.