Singularity 360 Review – Fake FSMA Trading License Exposed

With non-transparent legal details, this company already marks itself as a potential scam, especially since it presents its registration address in Saint Lucia. But the more you research this firm, the more problems you can find.

Luckily, you won’t be wasting any time since we have it all sorted out for you. Make sure to read this Singularity 360 review carefully if you don’t want to be their next victim.

Regulated By:	No Regulations
Is This Company Safe?	No
Known Websites:
Have Warnings From:	N/A
Registered In:	Saint Lucia
Operating Since:	2023
Trading Platforms:	WebTrader
Maximum Leverage:	N/A
Minimum Deposit:	N/A
Deposit Bonus:	Available
Trading Assets:	Cryptos, forex, indices, shares, commodities
Free Demo Account:	Not Available
How To  Withdraw From This Company?	Withdrawing funds from such an anonymous company without trading license is close to impossible regardless of their most likely fake reviews. If you experience any trouble withdrawing your money, contact us for chargeback assistance.

Legal Info: Is Singularity 360 Legit Or A Scam?

Any offshore broker must obtain at least one top-tier license if they want to operate legitimately. In this case, suitable options would be FCA, ASIC, CFTC, or similar, considering the company’s target areas. Of course, none of those were ever issued to Singularity 360. Instead, the company presented us with a license issued by Belgian FSMA.

Fairly, the document the company provides us with looks fake even at first glance. But to get confirmation you can feel free and check the FSMA database. If that’s not enough for you, check their domain age as well. It appears the company has been around for only one year and not 10 years as they claim.

Who Are Singularity 360’s Victims?

According to some Singularity 360 reviews, you would say this broker has no victims. However, the deeper you dig, the more complaints you can find. For this one year of existence, this firm has been actively targeting traders from: 

• Australia
• United States
• United Kingdom
• Brazil
• Mexico

Since withdrawals are highly speculative with this firm, we suggest you apply for a refund as soon as possible. If you want to recover your money with our assistance, feel free to contact us for a free consultation first. After all, that’s how victims of Luxtious and Naristech brokers got their money back.

Traders Reviews

If you are still exploring the Singularity 360 broker, we hope you’ll follow your own gut and not reviews. If you check the comments on the Sitejabber platform you might think this broker is the top-notch one. However, the Trustpilot comments reveal a different story.

Luckily, it’s in our spirit not to trust anything positive but only negative. In most cases, we end up being right. But if you ignore all the warning signs, you might get in trouble, as seen from some reviews. So, if you become the company’s next victim somehow, reach out to our experts for chargeback assistance.

Leverage, Commissions, Spreads, Fees and Taxes

One of the key problems with Singularity 360 trading firm is its transparency. Or to be precise, the lack of it. Whatever you do with them, you can expect unexpected turnovers. Especially with trading fees and commissions.

However, keep in mind that the company doesn’t offer negative balance protection. This means its possibly insanely high leverage can heavily impact your balance.

Bonuses

Of course, a standard way of scamming traders is through bonus offers. Unfortunately, with scam brokers, bonus policies contain minimum deposit requirements traders must reach. Otherwise, they can’t withdraw any bonuses or profits generated with it. In this case, the requirement is 25 times the bonus amount plus the deposit.

Singularity 360 Trading Features

We can hardly expect advanced features with the company’s web trader. The only notable option is the Autochartist feature. But if you are looking for automated trading, copy trading, or EAs, you’ll have to look elsewhere.

Trading Platforms Available

The problem with the Singularity 360 platform is that it can be easily manipulated. That’s why traders usually look for options like DAS Trader Pro, cTrader, or MetaTrader. When a broker uses third-party apps, they can’t swindle around. So, when you see a proprietary web trader, you better run on time.

Available Trading Assets

Honestly, if the company was legitimate, the instruments offered would be impeccable. However, they are not. So, it’s just a bunch of fictive asset details presented to traders. Starting with:

• Forex – USD/EUR, AUD/NZD
• CFDs – gold, NASDAQ, Alibaba
• Cryptos – ETH, XRP

Account Types

Even if you decide to register with this broker, you won’t find out how much you need to deposit before you complete the Singularity 360 login process. 

The moment you get in, expect calls from their agents, who will kindly persuade you to make your first deposit. But be careful of upscale and other promotions they might offer to get more money from you.

Mobile Trading App

According to the company’s presentation, you might think the mobile app is available. But it’s not. When you get into your account, you will realize that mobile trading will be a nightmare. Instead, simply choose top-tier licensed firms and enjoy trusted mobile apps.

Demo Account

Since the company doesn’t want to reveal trading conditions, we can’t expect a demo account. Therefore, we can just register and hope they won’t scam us. But in most cases, it all stays on empty wishes.

Education

When it comes to educational packages, the company doesn’t offer anything you can’t find online. News, economic calendars, and fundamental and technical analyses are available. Fairly, nothing notable.

Singularity 360 Withdrawal

Even though the Singularity 360 withdrawal procedure is clear, that doesn’t mean that’s all. In any case, it appears the company is only processing bank transfers and card transfer withdrawals. These will include hefty fees of $50 for wire transfers and $25 for cards with an additional $10 processing fee.

The problem is that the company will charge you an additional 10% levy if you don’t reach 200 turnover on your account before requesting a withdrawal. All in all, these details reveal they can’t operate legitimately.

Customer Support

Apparently, the company’s support is available 24/5 via phone and e-mail. Also, there’s a live chat feature, but in all cases, we don’t hope much for their assistance. Especially if you are looking for withdrawal assistance or updates.

Key Information To Consider About Singularity 360

The main problem with this brokerage is its license. To be precise, the lack of it. Also, their fake reviews and misleading registration date information add up to suspicion. Therefore, we suggest you make a test withdrawal and see how it goes.

If any problem occurs, send us a message right away. Our experts offer a free first consultation without any obligation. Find out what refund options you have, and never let swindlers get away with your money.

FAQ Section

What is Singularity 360?

Singularity 360 is an offshore brokerage registered in Saint Lucia that presents itself as a 10-year-old business while their domain was registered in May 2023.

Is Singularity 360 Legit?

No. The company presented us with a fake license issued by the FSMA. But in countries like the UK, US, or Australia, where they operate, the firm is not regulated.

How to Get a Withdrawal From an Unregulated Broker?

If not in a regular way, you can apply for chargeback or any other refund option available. To find out the most suitable options, reach our chargeback specialists.