MFSA warns on MXTrade false regulation claim

The Malta Financial Services Authority (MFSA) has become aware of the website which is falsely stating that MXTrade is licensed by the MFSA.

The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity.

Many other regulators have already warned on MXTrade, including CySEC, Russia’s KROUFR, Capital Markets Board, and Italy’s Consob.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorized to provide such services by the MFSA or another reputable financial services regulator.

A list of entities licensed by the MFSA is available from the MFSA here.

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