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MFSA Warning - PrizeFX Investments (Europe) – Unlicensed Entity

19 Apr 2021 12:00 | Anonymous
The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of PrizeFX Investments (Europe) (“the Entity”) which has an internet presence at Prizefxonline.com. According to this website, the platform promotes the provision of trading services in various industries and the entity declares that “… We Will Do All Our Best To Meet Your Needs With Our Investment Offers Which Diversify Into All Aspect Of International Trading’’.
The MFSA wishes to alert the public, in Malta and abroad, that https://www.Prizefxonline.com is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading services, VFA services or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that https://www.Prizefxonline.com 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.
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.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.
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 https://www.mfsa.mt/about-us/contact/as soon as a suspicion arises.
               
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