iFAST would like to remind clients and members of the public to remain vigilant against evolving investment scams, particularly those involving online chat groups, fake investment learning opportunities, fraudulent websites and applications, and impersonation of financial institutions.

The Singapore Police Force (SPF) has recently published a Police News Release¹, which highlighted investment scams involving chat groups that claim to offer free opportunities to learn investing. According to the SPF advisory, at least 48 cases have been reported since May 2026, with total losses amounting to at least S$3.6 million.

⚠️ Key scam tactics highlighted by SPF

Members of the public should be alert to the following tactics:

• Victims may be lured by fake social media advertisements before being added into messaging chat groups.
• Scammers may pose as "mentors", investment experts or fellow investors.
• Victims may be directed to fraudulent investment websites or applications.
• Scammers may ask victims to transfer funds to specified bank accounts.
• Victims may be instructed to hand over cash, gold or other valuables to unknown persons claiming to represent an investment company.
• Scammers may provide fake "invoices" or receipts to create a false sense of legitimacy.
• Victims may only realise they have been scammed when they are unable to withdraw their funds or when the scammers become uncontactable.

✅ Reminder from iFAST

iFAST wishes to clarify that we do not solicit investments through unofficial WhatsApp, Telegram or other messaging groups.

iFAST will also never:

• Request the physical handover of cash, gold or valuables for investment purposes;
• Ask clients or members of the public to transfer funds to personal bank accounts, cryptocurrency wallets or other unverified payment channels;
• Offer investment products that guarantee unusually high returns;
• Issue "trading licences" or request fees to release investment funds; or
• Ask clients to provide sensitive account information through unsolicited messages, emails or unverified links.

Members of the public should exercise caution when approached through unsolicited advertisements, messaging groups, social media accounts, websites or individuals claiming to represent iFAST, FSM Global, iFAST Global Markets, iFAST Global Bank or any other iFAST-related entity.

📌 Previous iFAST security notices

We have previously shared detailed information regarding brand impersonation, fraudulent websites, and phishing attempts.

These notices include further details on fraudulent websites and applications, fake social media accounts, phishing emails, WhatsApp impersonation groups, forged documents, fake trading dashboards, false claims involving "trading licences", cryptocurrency-related payments and verified iFAST channels.

To ensure you are fully informed of these ongoing threats and to view our list of verified channels, please refer to our previous advisories:

• Security Notice dated March 2026
• Security Notice dated June 2026

🛡️ How to protect yourself

In line with SPF's advisory, members of the public are encouraged to ADD, CHECK and TELL:

• ADD security features (e.g., activate the privacy function on your device to disallow unknown users from adding you into chat groups). For more information on WhatsApp's security features, visit https://www.whatsapp.com/security.
• CHECK scam signs with official sources (e.g., ScamShield app or ScamShield website at www.scamshield.gov.sg). Verify the authenticity of the investment company by:

• Asking questions to understand the investment opportunities. If the company is unable to answer or avoids answering any questions, be wary;
• Checking on the company, its owners, directors, and management members to assess if the investment opportunities are genuine;
• Confirming the company's and representatives' credentials through the Financial Institutions Directory, Register of Representatives, and Investor Alert List on the Monetary Authority of Singapore (MAS)'s website (www.mas.gov.sg);
• Checking that the downloaded applications are legitimate and available on the official application stores; and
• Checking for user reviews and ratings of applications before downloading them, even if they are believed to be legitimate and are available on official application stores.

• TELL authorities, family, and friends if or when you encounter scams. Report any fraudulent transactions to your bank immediately.

For more information on scams, members of the public may visit www.scamshield.gov.sg or call the 24/7 ScamShield Helpline at 1799.

📣 Report suspicious iFAST-related activity

If you come across any suspicious websites, social media accounts, messages, emails, applications or individuals claiming to represent iFAST or any iFAST-related entity, please do not respond, click on any links, download any attachments, provide personal information or transfer funds.

Please report suspicious iFAST-related activity to us immediately at ir@ifastfinancial.com.

To find out more about iFAST Corp, please contact us at (65) 6535 8033 or visit our official website.

Reference:
1. Singapore Police Force website, Police Advisory On Investment Scams Involving Chat Groups That Offer Fake Opportunities To Learn Investing (4 June 2026).

To find out more about iFAST Corp, contact us at (65) 6535 8033 or visit our website at www.ifastcorp.com

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