Reported as a scam / unregulated
Why IM Market is on the register
IM Market’s website domain (“immarket.online”) was registered on March 10, 2023. Despite only existing for a few months, on its website IM Market falsely represents that it was founded in 2016. In an attempt to appear legitimate, IM Market displays an address in Kuala Lumpur on its website. As per Singapore law, IM Market is required to obtain authorization from Monetary Authority of Singapore (MAS) before it can solicit investors. However, we have been unable to locate a firm called IM Market Inc. in the MAS register. In essence, IM Market is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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.