The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Fast FX Trading (“the Entity”) which has an internet presence at https://www.fastfxtradings.com/. According to this website, the entity states to be ‘’ A place for everyone who wants to simply buy and sell Bitcoins. Deposit funds using your Visa/MasterCard or bank transfer. Instant buy/sell of Bitcoins at fair price is guaranteed. Nothing extra. Join over 700,000 users from all over the world satisfied with our services.’’
The entity is making unauthorised use and reference to the licence number and other company details of an MFSA licensed company.
The MFSA wishes to alert the public, in Malta and abroad, that Fast FX Trading 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 Fast FX Trading 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 at https://www.mfsa.mt/financial-services-register/.
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 stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.
Verżjoni bil-Malti
L-Awtorità għas-Servizzi Finanzjarji ta’ Malta (“MFSA”) ġiet infurmata b’entità li qed topera bl-isem ta’ Fast FX Trading (“l- Entità”) u li għandha preżenza fuq l-internet fis-sit https://www.fastfxtradings.com/. Skont dan is-sit, l-entità tiddikjara li hija ‘’A place for everyone who wants to simply buy and sell Bitcoins. Deposit funds using your Visa/MasterCard or bank transfer. Instant buy/sell of Bitcoins at fair price is guaranteed. Nothing extra. Join over 700,000 users from all over the world satisfied with our services.’’
Din l- entità qed tagħmel użu mhux awtorizzat u referenza għan-numru tal-liċenzja u dettalji oħra ta’ kumpanija Maltija liċenzjata.
L-MFSA tixtieq tavża lill-pubbliku f’Malta u barra mill-pajjiż, li Fast FX Trading MHIX kumpanija rreġistrata hawn Malta u LANQAS M’HI liċenzjata jew b’xi mod ieħor awtorizzata mill-MFSA biex tipprovdi kwalunkwe servizzi ta' forex trading, servizzi ta’ VFA, jew servizzi finanzjarji oħra li huma meħtieġa li jkunu liċenzjati jew bi kwalunkwe mod ieħor awtorizzati taħt il-liġi Maltija. Barra minn hekk, informazzjoni disponibbli għall-MFSA, tindika li Fast FX Trading hi x'aktarx skema ta' natura dubjuża b'riskju kbir ta' telf ta' flus. Għalhekk il-pubbliku m’għandu jidħol fl-ebda ftehim kummerċjali jew tranżazzjonijiet mal-entità msemmija.
L-MFSA tixtieq tfakkar lill-konsumaturi ta’ servizzi finanzjarji biex ma jidħlu f’ebda transazzjoni ta’ servizzi finanzjarji qabel ma jkunu ċerti li l-entità li magħha qed issir it-transazzjoni hija awtorizzata li tipprovdi dawk is-servizzi mill-MFSA jew minn xi regolatur ieħor tas-servizzi finanzjarji ta’ reputazzjoni tajba. L-MFSA twissi wkoll lill-investituri biex joqogħdu estremament attenti meta jsirulhom offerti ta’ servizzi finanzjarji b’metodi mhux konvenzjonali bħal telefonati jew permezz tal-midja soċjali.
Lista ta’ entitajiet liċenzjati mill-MFSA hija disponibbli fuq is-sit uffiċjali tal-MFSA fuq https://www.mfsa.mt/financial-services-register/.
Jekk inti vittma ta’ xi qerq (scam) jew taħseb li tista’ tkun qed titratta ma’ entità li mhix awtorizzata jew xi tip ta’ ingann finanzjarju ieħor, waqqaf kull transazzjoni ma’ din l-entità u kkuntattja minnufih lill-MFSA fuq https://www.mfsa.mt/about-us/contact/.
