The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity by the name of Trive Financial Services Malta Limited, German Branch which has an internet presence at https://triveinvest.de. This website is using the details of an MFSA licenced company Trive Financial Services Europe Ltd and of its authorised German branch, Trive Financial Services Germany Branch. Fraudsters are using the details, address and website contents of this genuine company in an effort to deceive the public.
The Authority would like to inform the public that Trive Financial Services Malta Limited, German Branch is NOT a Maltese registered company NOR is it authorised to provide any financial services in or from Malta. Additionally, https://triveinvest.de has NO association with Trive Financial Services Europe Ltd.
The website https://triveinvest.de therefore appears to be a clone of the website of the legitimate entity and the public should therefore refrain from entering into any transactions or otherwise dealing with the false entity on any matters falling within the parameters of the Investment Services Act, Chapter 370 of the Laws of Malta.
| Registered Entity | Clone |
| Trive Financial Services Germany Branch Trive Financial Services Europe Ltd |
Trive Financial Services Malta Limited, German Branch |
| https://www.trive.com | https://triveinvest.de |
| C 60473 | N/A |
| Mainzer Landstr. 69-71 60329 Frankfurt am Main, Germany Floor 5, The Penthouse, Lifestar, Testaferrata Street, Ta’ Xbiex, XBX1403, Malta |
N/A |
| Investment Firm licensed in terms of the Investment Services Act; Freedom of Services and Establishment – Maltese Investment Firms establishing a branch outside of Malta; Freedom of Services and Establishment – Maltese Investment Firms Passporting Outside Malta |
Unlicensed |
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. A list of entities licensed by the MFSA can be viewed on the official website of the Authority at https://www.mfsa.mt/financial-services-register/.
For more information on clone companies please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/ and the MFSA scam awareness document to keep yourself informed on red flags. 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 at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.
