Reported as a scam / unregulated
Why SigmaBanc is on the register
SigmaBanc claims to be owned and operated by Primis LLC, a company registered in Saint Vincent and Grenadines Registration, registration number 1860 LLC 2022. We searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found the company. However, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services. In addition, the broker also claims to be regulated in the UK, Canada, Danmark, Singapore and Australia. However, we searched the forex regulators in the five countries but found no matching results. That mean the broker is not regulated in the Countries. Moreover, the company Primis LLC has been warned by the Spain Comisión Nacional del Mercado de Valores (CNMV) for twice. (Under the trading name: BBanc and Spotinvest) The truth is that SigmaBanc is not regulated by any regulators. Letting this broker hold or control investors’ money is unsafe, and the money can not be protected by any laws. Therefore, it is 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 to the right next step. 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.