#mas
2 questions tagged with #mas
Lost my savings to a 'new friend' from a fitness app, invested in a fake crypto platform. What now from Singapore?
I met someone really nice on a fitness app a few months ago. We talked almost daily, shared our fitness goals, life stuff. It felt so genuine. Then they started talking about crypto, how they were making really good passive income. Showed me screenshots of some platform that looked legit — lots of graphs, numbers moving. I was hesitant because I'm not good with tech or investing, but they were so patient, walked me through everything. They convinced me to put in a small amount first, and I actually saw it 'grow'. So I put in more, then even more... all my savings, about S$15,000. Now the platform is down, their messages have stopped delivering, and I can't access anything. I feel so stupid, so ashamed. I'm in Singapore. Have I lost it all? What next? Should I report it to MAS or the police? I barely even know their real name.
My account with EuropeFX was 'frozen' after I tried to withdraw, they're demanding a 'trade audit fee' now. Help?
Hey everyone, I'm really panicking here. I started trading forex with EuropeFX a few months back, saw some decent profits, nothing crazy, ya know? I thought it was all legit. So last week, I tried to make my first withdrawal, about 3,500 EUR. Everything seemed fine, then two days later, I got an email saying my account was 'frozen due to suspicious trading activity' and that I needed to pay a 'trade audit fee' of 1,200 EUR to unfreeze it and process my withdrawal. I'm in Singapore, and I've heard about the MAS warnings for unregulated brokers, but I stupidly went with them anyway because the salesperson was super persistent and made it sound so easy. I've already paid in about 5,000 EUR in total across a few deposits, mostly via credit card. Is this 'audit fee' just another trick to get more money out of me? Should I pay it? I'm so scared I've lost everything. Any advice would be really appreciated.