MFSA warns about three unlicensed financial websites

Tista' taqra bil- Malti.

The Malta Financial Services Authority has issued warnings about Concept4x, Livia Options and Arb Signals Ltd on Thursday in three separate notices.

Concept4x

Concept4x which has an internet presence at https://concept4x.com/ and claims to be “one of the world’s fastest growing and best Forex trading platform”, is not licensed or authorised by the MFSA to provide any forex trading services or other financial services which are required to be licensed or otherwise authorised according to Maltese law.

Livia Options

An entity operating under the name Livia Options or LvO Ltd and which has an internet presence at https://liviaoptions.com/ is not licensed to provide forex trading services. The MFSA noted that the company is claiming to hold a Category 3 Investment Services Licence.

The financial watchdog has alerted the public that the company is neither a Maltese registered company nor licensed or otherwise by the MFSA to provide any forex trading services or other financial services which are required to be licensed or otherwise under Maltese law.

Arb Signals Ltd

Arb Signals Ltd is another unlicensed entity which has an internet an internet presence at https://arbitly.io/. Arb Signals Ltd claims to be an “Arbitrage Trading Platform with aim to get rid of the remarkable market problems that have lingered for long in the crypto exchanges…”

The said entity is not a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any VFA related services or any other financial services which are required to be licensed or otherwise authorised under Maltese law.

The MFSA reminded 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. Financial regulations obliges licensed businesses to comply with strict legal requirements in the interest of investors and the markets. The activities of unlicensed entities are unregulated making transactions with such entities risky for consumers.

A list of MFSA licensed entities is available and can be viewed on its official website.