Page 53 - 期货和衍生品行业监管动态（2025年6月）

期货和衍生品行业监管动态

易款项，这进一步带来未经授权的信用卡或借记卡交易的风险。

新加坡警察部队将继续与 MAS 合作，阻止对不受监管的海外在线交易平台

的访问。

Blocking of Unregulated Overseas Online Trading Platforms (2025/6/6)

The websites of two unregulated trading platforms, Octa

(https://www.octafx.com ) and XM (https://www.xm.com ) will be blocked, as they

have been determined to be in breach of the Securities and Futures Act 2001 (SFA).

The SPF have received information that the services offered by Octa and XM

included trading in foreign exchange on a leveraged basis, commodities, indices and

equities. Police investigations have revealed that both Octa and XM offered and

marketed their services to customers in Singapore without licences, which is in breach

of the SFA.

Under Section 82 of the SFA, a capital markets services licence is required for an

entity to carry on business in the regulated activity of dealing in capital markets

products, which include securities and leveraged foreign exchange trading. The Octa

platform is operated by two entities, Octa Markets Ltd and Uni Fin Invest,

purportedly incorporated in the Union of Comoros and Mauritius respectively. The
XM platform is operated by XM Global Limited, which is purportedly incorporated in

Belize. These entities - Octa Markets Ltd, Uni Fin Invest or XM Global Limited do

not hold the requisite licence. As such, they are prohibited from carrying on such a

business. This prohibition extends to entities operating outside Singapore, when the

entities solicit or advertise products or services that are targeted at Singapore persons,

or if there is a substantial number of Singaporeans using a foreign entity's products or

services.

The information on the websites constitutes prohibited content under the Internet

Code of Practice. As such, access to both trading platforms’ websites will be blocked

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