Singularity 360 Review – Scammers Rip You Off Through Huge Fees

Financial swindlers offering you profitable Forex deals often have catchy website presentations and claim all sorts of rubbish to leave an impression on the site visitors.

This one concretely, claims to have Forex trading in their DNA, a financial advisors team, inspirational experts and a well organized framework. That would be maybe at least somewhat believable if the words didn’t come from an offshore broker without a license. More details on that are explained in this Singularity 360 review.

Broker status:	Unlicensed Offshore Broker
Regulated by:	Not regulated
Operating Status:	Active Online Trading Fraud
Known Websites:	singularity-360.com
Blacklisted as a Scam by:	N/A
Owner:	N/A
Headquarters Country:	St.Lucia
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	No
Minimum Deposit:	N/A
Deposit Bonus:	Hinted but undisclosed
CFD Trading Option:	Available
Crypto Asset Trading:	No / Yes (if Yes – 2-3 main crypto & number of available crypto’s)
Available Trading Instruments:	Forex, Cryptocurrencies CFDs, Shares CFDs, Commodities CFDs, Indices CFDs
Maximum Leverage:	1:50
Islamic Account:	No
Free Demo Account:	Available
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Don’t invest with shady firms! If you need recovery assistance, contact our legal team.

Unsupported Claims Of Legitimacy

Without providing the exact company information, this shady website reveals the address where the business operates is an offshore zone with no regulator that looks over the Forex market. The jurisdictional financial authority in Saint Lucia is FSRA, which has published that the brokerage activities in the country are not licensed.

The company also claims to have an Australian office, but they still do not appear in the ASIC database. Neither have they obtained a license from other prominent regulators like FCA, BaFin, CySEC and FINMA.

There’s many such firms that regularly scam customers and avoid the legal consequences because they operate from a tax haven. Intrafund.com is one of them too, and we’ve recently exposed their fraudulent intent.

Bragging About Being Unregulated

There is a lot of misleading content online about this particular faux company. The site operators have paid review seller networks to post fake comments on TrustPilot and Reviews.io platforms.

It’s natural for any company to have clients that are dissatisfied with the service, but in this case, all Singularity 360 reviews are overly positive. Some of them say that the lack of regulation is a good thing, since the governments allegedly greatly restrict the clients’ ability to make a profit. This, of course, can’t be farther from the objective truth.

How The Fraud Functions

The company attracts new users through the work of boiler room agents, who call people by phone to find new marks. What’s common for all these bogus sites, like FundriseProX, is the pestering nature of these calls.

These agents introduce themselves as being on the forefront of online markets, and offer incredible deals to the unwary and inexperienced. If the target is indecisive, they quote the fake reviews we’ve mentioned before.

At first, the agents will ask for a relatively small amount of money, but this quickly spins out of proportions as their appetites grow.

Global Reach

The singularity-360.com domain was launched in October 2023, which you may check in the WhoIs register. The fraudsters are actively targeting these nations:

• United States
• Brazil
• United Kingdom
• Germany
• Mexico

It is still possible to recover the lost assets, however, so contact our expert team to learn more.

Unpredictable Platform

Heavily advertised but not worth any investments, that’s the simplest way to describe the Singularity 360 platform. Web terminals are indeed comprehensive and user-friendly, but that’s pretty much where their purpose and functionality end.

The vast majority of online financial traps include these simplistic web traders, as they’re the easiest to manipulate. Showing customers the statistics and outcomes they wish to see is the most efficient way to motivate them to keep investing. That’s why you can never know what to expect of such a software and you can never truly rely on it.

Available Trading Instruments

The Singularity 360 broker offers a decent range of trading instruments, divided across multiple categories. Here’s a brief overview:

• Forex – EUR/USD, GBP/CHF, AUD/CAD, USD/RUB
• Cryptocurrency CFDs – BTC/USD, LTC/USD, ETH/USD, XRP/USD, ADA/USD
• Shares CFDs – Exxon, Ericsson, QBE, Ebay
• Commodities CFDs – Aluminium, Gold, Brent, Soybean
• Indices CFDs – Nasdaq, DAX40, China50, Nikkei, Dow Jones

Live Trading With Support

To obtain a live trading package, you have to get in touch with the customer service and consult your financial advisor. No other information about that is published on the site.

These so-called account managers assigned to you will tell you what to do and how in order to fund your live account. In reality, they pull all the strings and control your funds, but also extort more money from you.

Demo Start

Right after registering for an account, you get a trial version that allows you to test the platform and examine the trading conditions. This bundle includes a virtual margin of $10.000 to use in order to place trades. Bear in mind that this trading environment is completely artificial and only creates an illusion of trading being smooth and easy.

Enormous Fees And Unknown Spreads

Demo account provides leverage of 1:50, but this is not indicative of what live trading may have in store for you. Swaps Long and Short are symmetrical, and are charged -0.01%, but there is no information on spreads.

Withdrawal fees that apply are quite costly, with $25 for bank cards and $50 for wire transfers. Additional 10% levy applies to any withdrawal, as well as a $10 processing fee. These costs quickly add up to diminish any potential profit.

Account dormancy fee applies to any account that isn’t used for active trading for over 6 months. It costs 10% of the account balance every additional calendar month, which is quite excessive.

Non-Deposited Funds

Cash rewards and bonuses that the company, at its sole discretion, adds to your trading account are called non-deposited funds.

However, free cash is never what it seems. There’s a malicious bonus policy that demands a trading volume of 30x(deposit +bonus) to be reached before any withdrawals can happen.

Unclear Withdrawal Policy

The withdrawal processing time is estimated to be from 2 to 5 business days and all popular transfer methods are allegedly accepted. This is yet another set of lies and false promises that the faux financial service providers sell in order to attract victims and seem reliable.

Without first contacting the support, you do not have any of the funding channels or conditions revealed to you. The legal papers only disclose the minimum amount for wire and other transactions to be $250 and $100.

Recover Your Money With Our Help

These cybercriminals use all the tricks in the book, starting from fake reviews, over boiler room agents, to tailor-made predatory Terms and Conditions. In return, they offer a basic trading environment and a slim selection of instruments.

Everything on the site is set up in such a way to prevent you from withdrawing any profits. This doesn’t mean your investment is void, however, so don’t give up! Our legal experts can help you out of the predicament, and you may book a free first consultation at any time through the live chat on our website.