On May 30, 2023, the Financial Conduct Authority (FCA) issued a warning against Fx Plannet, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fx-plannet-fxplannet

Fx Plannet claims to be legally providing investment services as it holds a license issued by the Accounting and Corporate regulatory Authority (ACRA). However, the ACRA is a regulator of business registration, financial reporting, public accountants, and corporate service providers. Mere registration with the ACRA doesn't grant the authorization to offer financial services in Singapore. What's more, we found no records matching Fx Plannet in the ACRA registry. In Singapore, the Monetary Authority of Singapore (MAS) is responsible for financial markets. We searched for this broker in the MAS register but no corresponding records exist. Therefore, any offering of financial services or products by Fx Plannet is illegal. In addition, the Financial Conduct Authority (FCA) issued a warning against Fx Plannet for illegally operation without proper authorization.

In essence, Fx Plannet 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.

BrokersView found that the domain "https://fxplannet.com/en/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.