Scam Alert: RiotXAI Unlicensed, Clients Report Ponzi Structure, MAS Warning

In the online trading landscape, new platforms frequently surface—many touting buzzwords like “Artificial Intelligence” to lure investors. Among them is RiotXAI, an unlicensed and fraudulent operation.

RiotXAI presents itself as an “industry leader” in AI-driven trading, yet its domain was only registered in late 2023. It also asserts that its proprietary “ClearFlow” AI system, launched in 2017, boasts a success rate exceeding 90%. These claims are internally contradictory and suggest deliberate exaggeration or fabrication.

RiotXAI’s business model appears to rely on luring deposits through deceptive promises, followed by withdrawal obstruction and communication ceasing. Client reviews offer compelling evidence and clear indicators of fraudulent activity.

Clients Accuse RiotXAI of Ponzi-Style Fraud

Some clients report that RiotXAI operates a scheme resembling a Ponzi or Pyramid structure. They were promised unrealistic returns but blocked from making withdrawals. Accounts are flagged for “additional verification,” but after submitting documents, communication stops, and withdrawal requests remain permanently pending. Some early investors were allowed small withdrawals to sustain a false sense of legitimacy.

Multiple reports highlight serious issues with fund access and the total absence of customer support. Clients describe accounts being deleted without explanation under the guise of AML compliance, or deposits vanishing after transfer. One client has waited since June for a withdrawal, with all support channels—email, social media, and site chat—unresponsive or offline.

MAS Sounds the Alarm: RiotXAI is Unlicensed

Another significant red flag against RiotXAI is its official recognition as an unlicensed entity. On September 8, 2025, the Monetary Authority of Singapore (MAS) added RiotXAI to its Investor Alert List for providing investment services without the necessary license.

RiotXAI provides no regulatory disclosures, and its 'About' and 'Contact' sections omit even a basic operational address. This deliberate lack of transparency seeks to conceal its illegal status from potential victims.

In essence, RiotXAI is not regulated by any governing body. If you trade with RiotXAI, there are zero legal safeguards in place. Once the company disappears with your money, you have no recourse.

Our strong recommendation is to avoid opening an account with RiotXAI. Entrusting your investment to RiotXAI is equivalent to handing your money over to anonymous scammers with no hope of recovery.

Always verify a broker's regulatory status directly on the relevant regulator's website before investing. If you fall for a scam, Submit a Complaint through BrokersView.