Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Saxo Bank clients can use OpenAPI to trade Crypto FX forex news
  • Euronext, Borsa Italiana launch new MIB ESG Index forex news
  • Tom Sosnoff transfers 1.1M shares in IG Group as gift to trusts forex news
  • CFTC, former Deutsche Bank traders discuss resolution of spoofing case forex news
  • Saxo Group – India marks another milestone in its growth journey forex news
  • SEC seeks to reform insider trading regime forex news
  • FXCM Inc investors oppose motion for summary judgment forex news
  • Binance confirms ONE, FLOW, STX network issues forex news

Samtrade FX Suspends Operations amid Singapore Authorities Probe

Posted on 2022-01-05 By xiaoya No Comments on Samtrade FX Suspends Operations amid Singapore Authorities Probe

Samtrade FX has suspended local and overseas business operations of its key operating entities and other affiliated entities, including but not limited to account opening, account changes, settlements, payments, opening and closing of trades.

The Singapore police announced on January 3 that three men involved in the case of Samtrade FX were arrested on suspicion of illegal fund management operations. The Commercial Affairs Bureau (CAD) and the Hong Kong Monetary Authority are under further investigation. The joint investigation is investigating the parent company Samtrade FX Limited and two Singapore entities Samtrade FX LLP and Samtrade FX (SG) Pte Ltd.

The Singapore authorities stated that Dexinghui Samtrade FX did not obtain a regulatory license in Singapore, but used an overseas license to operate. Therefore, the authorities suspected abnormal trading activities on the platform.

In addition, the official announcement warned Singaporean investors not to trade on unregulated platforms and required investors to verify the dealer’s license in the announcement regulatory database.

forex news Tags:Forex Brokers, forex-news, Samtrade FX

Post navigation

Previous Post: Interactive Brokers implements Log4j vulnerability patch in TWS platform
Next Post: Finalto adds 32 Singapore leveraged equity CFDs to its liquidity offering

Related Posts

  • LSEG grants award over shares to CFO Anna Manz forex news
  • IEX Group appoints Craig Resnick as CFO forex news
  • Nomura to invest in Crypto Garage forex news
  • SGX announces SPAC listing rules forex news
  • Rakuten Securities further expands lineup of US stocks forex news
  • Securities Commission Malaysia SC issues warning against 6 illegal companies forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • SEC charges trio involved in unlawful insider trading in Snap securities forex news
  • Glenn Hutchins resigns from Virtu Financial’s BoD forex news
  • Interactive Brokers registers 8% M/M drop in DARTs in August 2021 forex news
  • SC Ventures launches fintech letsbloom forex news
  • Russian authorities fine Google for eToro ad forex news
  • FCA issues final notice to Finablr forex news
  • Operator of Bitcoin “mixer” Helix pleads guilty to money laundering forex news
  • SEC responds to Elon Musk’s allegations of harassment forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme