High Risk
Reported as a scam / unregulated
SF-704753registry entry
Why Covey FX is on the register
On 14 July 2022, the Monetary Authority of Singapore (MAS) added Covey Fx into its alert list, warning public that Covey Fx is not authorized to provide financial services in Singapore. You may visit:
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.