The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of the fact that unsolicited calls are being made to Maltese residents from individuals representing foreign entities and promoting investment services opportunities including Forex/FX trading and Crypto trading. Such calls made reference to a number of entities.
The MFSA wishes to alert the public that from information available, these entities are NOT licensed or otherwise authorised by the MFSA to provide any financial services which are required to be licensed or otherwise authorised under Maltese law.
The Authority is hereby advising consumers of financial services to be extra cautious when being approached with offers of financial services, particularly offers relating to Forex/FX trading and Crypto trading via unconventional channels such as unsolicited telephone calls or social media private messages. The MFSA recommends that consumers also inform the elderly and those less knowledgeable in financial services which may be more prone to fall victim to such offers.
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 authorised to provide such services by the MFSA or another reputable financial services regulator.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/.
If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.