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MAS Investor Alert

Is SingaPrime FX a Scam?

SingaPrime FX was flagged by MAS (Singapore) on 2024. Cited reason: Operating without proper MAS authorization.

What this warning means

The Monetary Authority of Singapore (MAS) publishes an Investor Alert List naming entities that may be wrongly perceived by the public as being licensed or regulated by MAS.

How to protect yourself

  • Verify any broker's license number directly on the regulator's own public register — never rely on a logo or claim shown on the firm's own website.
  • Watch for "clone firm" tactics: copying the name, address, or license number of a real regulated broker.
  • Never wire funds, send crypto, or share remote-access software with a firm you cannot verify on an official regulator register.
  • Use our Scam Broker Protect tool to check a name against our full watchlist before you deposit.

Verified regulated alternatives

These brokers are ones we've vetted and verified — regulated, with real trading track records, unlike SingaPrime FX.

Exness
Exness
★★★★★ 4.5/5
Read review
Fusion Markets
Fusion Markets
★★★★ 4.3/5
Read review
Blueberry Markets
Blueberry Markets
★★★★ 4.0/5
Read review

Get alerts for new scam-broker warnings

We track hundreds of flagged entities like SingaPrime FX and add new regulator warnings (FCA, ASIC, CFTC, CySEC and more) every week. Get the full watchlist, plus an email the moment a new one is flagged — so you can check before you deposit.

Frequently asked questions

SingaPrime FX was flagged by MAS (Singapore) on 2024. That warning means it is not shown as authorized to provide the financial services it offers in the jurisdiction that warning covers. Always verify a firm's license directly on the regulator's own register before depositing.

Stop sending further funds, keep records of all communications and transactions, and report the firm to the regulator that issued the warning (MAS (Singapore)) as well as your local financial regulator and, if a bank transfer or card was used, your bank or card issuer. Our /scam-broker-protect tool lists reporting contacts for major regulators.

This page reflects a warning entry compiled from public regulatory warning lists and industry watchlists: MAS (Singapore), dated 2024. We do not independently investigate every entity beyond what the regulator has published — always check the regulator's own live register for the current status.

Many entities on regulator warning lists are "clone firms" that copy the name, branding, or website of a genuinely licensed broker to confuse traders. If you were expecting to deal with a well-known regulated broker, verify you are on that broker's official, regulator-listed domain before depositing.

Reviewed by BrokerAnalysis Research Desk, fact-checked by BrokerAnalysis Editorial Team. Sourced from public regulator warning lists — see our methodology. If you believe this listing is inaccurate, contact us.