The Securities Commission Malaysia (SC) Added AlgoMerchant Pte Ltd into Its Investor Alert List In 2018,The Securities Commission Malaysia (SC) issued a warning against AlgoMerchant Pte Ltd that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list.

BrokersView has Reviewed that AlgoMerchant Pte Ltd is an Unregulated Broker AlgoMerchant Pte Ltd claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the company is located in Singapore. However, there are no results that matched AlgoMerchant Pte Ltd in Singapore Monetary Authority（MAS）.Moreover,The Securities Commission Malaysia (SC) issued a warning that AlgoMerchant Pte Ltd was providing finacial services or products without authorisation.The truth is that AlgoMerchant-Pte-Ltd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.