MFSA Warns Against Fxtrade Capital Markets Ltd / Fxtradewolf

The Malta Financial Services Authority (MFSA) has become aware of an entity named Fxtrade Capital Markets Ltd operating under the name of Fxtradewolf ("the Entity") which has an internet presence at https://fxtradewolf.com/. The Entity purports to "hold an Investment Service Category 3 License" and to be "regulated by the MFSA", making unauthorised use and reference to company details of a Maltese licensed company.

The MFSA wishes to alert the public that Fxtrade Capital Markets Ltd / Fxtradewolf is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licenced 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.