The Malta Financial Services Authority (MFSA) has issued a warning against BinaryFx Pro since it is not licensed by the MFSA.
In a statement, the MFSA said BinaryFx Pro purports to be an online trading platform for forex, crypto currencies, commodities and investments, which has been in operation since 2001.
“The MFSA wishes to alert the public, in Malta and abroad, that BinaryFx Prois not a Maltese registered Company nor licenced or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licenced or otherwise authorised under Maltese law. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity,” said the MFSA.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at http://www.mfsa.com.mt/pages/licenceholders.aspx.