Maltese financial regulator The Malta Financial Services Authority (MFSA) has issued a warning that it has become aware of an entity operating under the name of FxCityIndex which has an internet presence at fxcityindex.com.
Although this entity purports to operate from an address in Malta, the MFSA believes that this is not the case. On its website, the entity claims to be “authorized and regulated by MFSA as a MiFID firm and holds a Category 3 Investment Services Licence”.
The MFSA wishes to alert the public that FxCityIndex is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading services or other financial services which are required to be licensed or otherwise authorised under Maltese law. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned company or individual on any matters falling within the parameters of the Investment Services Act, Chapter 370 of the Laws of Malta.
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. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
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