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MFSA Warning - Alpha Capital Trade (Cyprus) Limited – Unlicensed Entity

17 Sep 2021 14:18 | Anonymous

The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Alpha Capital Trade (Cyprus) Limited (“the Entity”) which has an internet presence at www.alphacapitaltrade.com.

The Entity purports to be recognised by the MFSA as a fund administrator and falsely claims to be associated with a Maltese licensed company. It also declares that its website (www.alphacapitaltrade.com) has been approved and issued by the same regulated entity.

The MFSA wishes to alert the public that Alpha Capital Trade (Cyprus) Limited is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any investment 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 entity 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.

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, stop all transactions with the company and contact the MFSA as soon as a suspicion arises.

               
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