07/06/2025
Singapore will block access to overseas trading platforms Octa and XM starting 20 June 2025 for operating without a Capital Markets Services Licence, violating the Securities and Futures Act. Authorities found both platforms marketed leveraged trading products to Singaporeans without regulatory approval. The Monetary Authority of Singapore and the Singapore Police Force warn of fraud risks and advise the public to use only regulated platforms listed in MAS' Financial Institutions Directory to ensure legal protection and financial security....
Singapore will block access to overseas trading platforms Octa and XM starting 20 June 2025 for operating without a Capital Markets Services Licence, violating the Securities and Futures Act. Autho…