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No license found High risk

No license from any financial authority was found. You may have no legal route to recover deposits, and withdrawal or account-closure problems are likely.

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Asia Forex Mentor Review · 2026

Unlicensed Broker

Review · 2026 Singapore · Founded 2008 · Operating as ECG Pte Ltd

Registers checked 28 Oct 2026 Next re-scan Jan 2027 18+ years in operation

Key facts

From public registers and the broker's disclosures
Regulation
None verified
Headquarters
Singapore
Business model
Trading Education
Registration
Singapore
Min. deposit
—
Max leverage
—
Spread from
—
Founded
2008
Legal entity
ECG Pte Ltd
Website
asiaforexmentor.com
Support email
admin@asiaforexmentor.com
Phone
+65 8376 9345
Influence index
D · Singapore

Active licenses

Checked on the regulator's public register, not the broker's website.

0 active

No active license was found on a regulator's public register.

Score breakdown

Six dimensions, weighted per the published rubric.

Methodology →
Regulation 0.0/10
Weight 25%
License 0.0/10
Weight 20%
Risk Control 0.0/10
Weight 20%
Business 4.5/10
Weight 15%
Software 0.0/10
Weight 10%
Influence 0.0/10
Weight 10%

Strengths

4
  • Operating as a trading education brand since 2008
  • Singapore operating company and UEN are publicly disclosed
  • Course pricing and refund terms are published
  • Risk disclaimers state that trading results are not guaranteed

Weaknesses

4
  • Not a forex broker and does not provide trading accounts
  • No verified brokerage license or investor compensation scheme
  • No broker execution platform, spreads, leverage, or client-fund custody
  • Digital course purchases are generally final sale

Fees & trading

Trading platforms

  • N/A

Account types

  • N/A

Deposit methods

  • N/A
Full review 8 min read Updated 28 Oct 2026

Asia Forex Mentor review 2026: Singapore-based forex trading education and mentorship, not a broker

Asia Forex Mentor is a Singapore-based trading education company founded in 2008 and operated by ECG Pte Ltd. It is not a forex broker, holds no verified brokerage license, and does not provide client trading accounts, execution platforms, spreads, leverage, or custody. It serves retail and professional learners through online courses, live bootcamps, market education, and trading mentorship covering forex, stocks, commodities, and crypto.

What is Asia Forex Mentor?

Asia Forex Mentor is a Singapore-based trading education business founded in 2008 by Ezekiel Chew. The official site describes the business as an education provider rather than a forex brokerage. Its operating company is ECG Pte Ltd, and the business focuses on courses, mentorship, market education, and trading-related learning material.

This distinction defines the rest of the review. A forex broker executes trades, holds trading accounts, quotes spreads (the difference between bid and ask prices), and manages client deposits. Asia Forex Mentor does not perform those functions according to FXSharp's company research. Its services instead cover forex, stocks, commodities, crypto, and related trading education.

Is Asia Forex Mentor regulated? Verification check

Asia Forex Mentor has no verified brokerage licence in the regulatory research used for this review. Its regulation status is therefore classified as unregulated as a forex broker. This does not mean the business claims to operate an unlicensed brokerage. The official materials describe education rather than trade execution, client custody, or brokerage accounts.

The distinction matters because financial education and brokerage are different regulated activities. A licensed broker normally appears under its legal entity in a financial regulator's public register. For a Singapore financial institution, the MAS Financial Institutions Directory is one relevant verification source. No brokerage licence number is associated with Asia Forex Mentor as of September 21, 2026.

What trading platforms does the company offer?

Trading-platform support is not applicable because Asia Forex Mentor does not operate a brokerage platform. FXSharp found no verified MetaTrader 4, MetaTrader 5, cTrader, or proprietary broker server. MetaTrader platforms are applications brokers use to provide account access, pricing, order execution, and trade management.

Course material can discuss third-party trading software without making the education company the operator of that software. FXSharp therefore lists no verified MetaQuotes server, no trading server country, and no broker platform licence for the company. Its MetaTrader status is listed as Not Available. The same distinction applies to broker VPS services, which are not provided by the company.

Red flags and warning signs

The main verification issue is a service-category mismatch rather than a documented brokerage warning. Asia Forex Mentor uses forex terminology extensively, but the underlying service is education. Readers researching it as a broker would therefore find no trading account, execution model, client-fund custody, spread schedule, leverage limit, or investor compensation arrangement.

The company's own materials also separate education from trading outcomes. The firm's risk disclosures state that trading results are not guaranteed. Digital course purchases are generally treated as final-sale products under the published terms. These factors belong to an education-service assessment, not a broker-solvency or client-money assessment.

  • No verified forex brokerage licence is recorded.
  • No broker trading accounts or execution service are offered.
  • No client-fund custody or broker compensation scheme applies.
  • No verified MT4, MT5, or cTrader broker server is recorded.
  • Published services focus on courses, mentorship, and market education.

Is there a minimum trading deposit?

A broker minimum deposit is not applicable to Asia Forex Mentor. The firm does not provide funded forex accounts, so there is no amount that activates brokerage access. Minimum deposit normally means the smallest amount a broker accepts before a client can fund and use a trading account.

Payments to Asia Forex Mentor relate to education products rather than trading capital. Course or mentorship fees therefore should not be interpreted as account deposits, trading balances, or margin. Margin is money committed to support a leveraged trading position. The company does not hold a client margin account under the brokerage profile reviewed here.

Regulator warning-list check

No regulator warning is recorded for Asia Forex Mentor. That finding is different from having a brokerage licence. A company can have no broker warning while also having no broker authorization, particularly when its stated business activity is education rather than execution or custody.

The regulatory question should therefore be framed precisely. The relevant finding is not that a regulator has identified the company as an unauthorized broker. The finding is that the review has no verified brokerage licence to report. No FCA (UK Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), or CySEC (Cyprus Securities and Exchange Commission) licence is listed.

User complaints and review patterns

User-review data describes customer experience, but it does not establish regulatory status. FXSharp found no verified pattern of brokerage withdrawal complaints, account freezes, execution disputes, or client-fund problems. That is consistent with the fact that Asia Forex Mentor is not operating the type of funded brokerage account where those issues normally arise.

Customer disputes for an education business are more likely to concern course access, billing, cancellation terms, or expectations about training results. FXSharp's research notes that course pricing and refund terms are publicly available. It also records that digital course purchases are generally final sale. Those commercial terms are separate from forex broker withdrawal policies.

How to verify the business for yourself

Business verification starts by separating the education company from a financial intermediary. A broker licence search should use the exact legal entity name, because brand names alone can produce ambiguous results. The legal entity for this review is ECG Pte Ltd, with Asia Forex Mentor used as the trading education brand.

  1. Confirm the legal company name displayed in the site's terms, privacy, or payment documentation.
  2. Search that exact entity in the MAS Financial Institutions Directory for regulated financial activities.
  3. Check any claimed broker licence number directly against the issuing regulator's public register.
  4. Match the legal entity, domain, address, and licence number rather than relying on a similar brand name.
  5. Treat course payments separately from brokerage deposits or client trading funds.

A genuine broker-registration record normally identifies both the regulated legal entity and its permitted activity. No such brokerage licence is listed for Asia Forex Mentor.

How does customer support work?

Customer support relates to education products rather than live trading accounts. The contact details list admin@asiaforexmentor.com and the Singapore number +65 8376 9345. These channels are associated with course, enrolment, billing, and general business enquiries.

The distinction affects what support can resolve. A brokerage support desk normally handles deposits, withdrawals, margin calls, platform execution, account verification, and trading statements. Asia Forex Mentor does not provide those broker functions according to FXSharp's research. Its customer relationship instead concerns access to learning products, mentorship, course terms, and related educational services.

Where is the company actually based?

The headquarters country is Singapore. Asia Forex Mentor's own materials describe the business as Singapore-based, and ECG Pte Ltd is the operating company associated with the brand. The reviewed information does not indicate an offshore brokerage entity operating behind the education brand.

Location alone does not establish financial regulation. A company can be incorporated or operated from Singapore without holding a Monetary Authority of Singapore brokerage licence. For this reason, headquarters and regulatory authorization are kept separate in the review. Singapore is recorded as the company's base, while broker regulation remains unverified and therefore not applicable to its education model.

Account types and bonus terms

Broker account types are not applicable. The company does not offer Standard, ECN (Electronic Communication Network), STP (Straight Through Processing), Raw Spread, Islamic, or other funded forex accounts. These labels describe brokerage execution or pricing structures, not training memberships.

Asia Forex Mentor instead sells education and mentorship products. Course pricing and refund terms are published, and digital course purchases are generally final sale. There is no verified trading bonus, deposit bonus, leverage upgrade, or account-tier incentive attached to a broker balance. Payments purchase education access rather than market exposure.

Asia Forex Mentor broker features

The feature table shows why a conventional forex broker comparison produces mostly non-applicable entries. The available data describes a trading education company, not a financial intermediary that accepts deposits and executes orders.

Feature Asia Forex Mentor Information
Founded 2008
Headquarters Singapore
Operating company ECG Pte Ltd
Disclosed broker regulators None verified
Registration verified No brokerage licence verified
Trading platforms Not applicable
Minimum deposit Not applicable
Maximum leverage Not applicable
Spread from Not applicable
Account types Not applicable
Islamic account Not applicable
Client-fund custody Not offered as a brokerage service
Broker VPS Not available
Customer support Email and Singapore contact number

Is Asia Forex Mentor safe? Honest assessment

Asia Forex Mentor should be assessed as a trading education provider, not as a forex broker. FXSharp found no broker licence, trading account, execution platform, leverage schedule, spread pricing, or client-fund custody for the company. Those missing broker features are consistent with its stated education business model.

The practical distinction is that normal broker protections cannot be assigned to this company. There is no verified investor compensation scheme, segregated broker account, or negative balance protection attached to its educational services. At the same time, FXSharp found no regulator warning that classifies the business as a fraudulent brokerage. The key finding is category accuracy: it sells trading education rather than brokerage access.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.

FXSharp Editorial Team

FXSharp is an independent site that reviews forex brokers and prop trading firms. Every license is checked on the regulator's own register, every score follows our published methodology, and no broker can pay for a higher rating.

Published 28 Oct 2026 · Last verified 28 Oct 2026 · Sources: asiaforexmentor.com

Frequently asked questions

Asia Forex Mentor is a Singapore-based trading education company, not a verified forex broker. Asia Forex Mentor has no brokerage licence issued by MAS, FCA, ASIC, CySEC, or another financial regulator in the research used for this review. Its services focus on courses and mentorship rather than executing trades, holding client deposits, or operating funded forex accounts.
Asia Forex Mentor is classified as unregulated only in the context of forex brokerage because it does not operate as a verified broker. The reviewed data does not contain a regulator finding that labels the company fraudulent. Its own business model is trading education, so the absence of a broker licence must be separated from evidence of misconduct.
Asia Forex Mentor has no regulator warning recorded in the research used for this review. No FCA, ASIC, or CySEC warning is listed. This does not establish broker authorization because the company is presented as an education provider. The relevant regulatory finding remains that no verified brokerage licence is attached to the business.
Asia Forex Mentor can be checked by searching its legal entity, ECG Pte Ltd, in the relevant regulator's public database. For Singapore financial institutions, the MAS Financial Institutions Directory is a primary verification source. A genuine broker entry should match the legal entity, regulated activity, licence details, business identity, and associated contact information.
Asia Forex Mentor is based in Singapore according to FXSharp's company research and its own published business information. ECG Pte Ltd operates the education brand. Singapore headquarters do not by themselves create financial authorization, so company location and broker regulation must be checked separately. No verified brokerage licence is recorded for the firm.

User reviews & complaints

Verified client reviews only. Complaints are forwarded to the broker.

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