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SpringFX Pro not licensed by MFSA

6 Mar 2020 13:42 | Anonymous
The Malta Financial Services Authority ("MFSA") has become aware of an entity operating under the name of Spring-FX Pro which has an internet presence at https://springfxpro.com/index.htmlAs per their website, SpringFx-Pro offers Secured Accounts, Trading Signals, Trade Assistant, Quick Payout and Forex/Crypto Currency News Update.
The Authority would like to inform the public in Malta and abroad, that SpringFx-Pro is NOT a Maltese registered Company NOR licensed or otherwise authorized by the MFSA to provide any financial services or Fintech services which are required to be licensed or otherwise authorized under Maltese law. The Entity mentions that they are regulated by the Malta Financial Services Authority followed by a Licence number. The Authority would like to reiterate that this Licence number is not linked to the entity in subject.
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. Financial regulations oblige 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 the official website of the MFSA at https://www.mfsa.mt/financial-services-register/

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