The MAS adds Belfrics to its warning list On February 12, 2025, the Monetary Authority of Singapore (MAS) added Belfrics to its warning list for providing investment services without being licensed. https://www.mas.gov.sg/investor-alert-list

BrokersView has reviewed that Belfrics is an unregulated broker Belfrics has two websites to solicit investors. Information from the websites suggest that they have different branches across various countries. However, no information can be found indicating that the broker is properly registered or licensed. The Monetary Authority of Singapore (MAS) has added Belfrics to its warning list. In essence, Belfrics is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Belfrics appears to be a scam.

BrokersView has identified that Belfrics's website is currently offline BrokersView found that the domain "https://singapore.belfrics.com/; https://belfricsgroup.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Is Belfrics a scam? What do u think? Dear Investor, Thank you for reaching out to us. We've looked into Belfrics and believe it to be a scam. Here's what you need to know: Belfrics operates through two websites, singapore.belfrics.com and belfricsgroup.com, claiming to have branches across various countries. However, no information has been found indicating that the broker is properly registered or licensed. The Monetary Authority of Singapore (MAS) has added Belfrics to its warning list, highlighting the risk it poses to investors. Due to the fact that Belfrics is not regulated by any governing body, we strongly advise against trading with Belfrics. Stay vigilant and protect your financial interests. View Source