The Malta Financial Services Authority MFSA said that the entity MarketsFX is not a Maltese registered company nor is it licensed by the MFSA to provide financial services.
In a statement, the MFSA said that it has become aware of an entity operating by the name MarketsFX which has an internet presence at marketsfx.it and marketsfx.com.
“The MFSA wishes to alert the public, in Malta and abroad, that MarketsFX is not a Maltese registered Company nor licensed or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA, including the warning issued by the Italian Regulator CONSOB dated 14 October 2019, suggests that MarketsFX is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.”
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.