According to a notice put out by the Malta Financial Services Authority (MFSA) today, a company under the names FxGcmi, Global Capital Markets FX LLC or Global Capital Markets FX Ltd, with an internet presence at www.fxgcmi.com purports to hold a Category 3 license with the MFSA – but no such registration or licenses exist according to the public warning of the false and misleading information coming from this website.
Accordingly, the MFSA warns the public against entering into any transactions or otherwise dealing with this entity, as it is not even a company registered in Malta nor is it licensed by the MFSA to provide any financial service, as per the official press release.
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There have been a few announcements made by the MFSA in the last few months concerning such warnings as well as actions against some of its regulated members, as the watchdog tries to step up its efforts to make its jurisdiction an even more attractive international regulatory hub.
Forex Magnates’ reporters have recently spoke with a company spokesperson at MFSA with regards to the process involved in investigating such announcements, they said, “The MFSA regularly monitors the financial services sector taking into consideration all available sources of information. Warnings are issued on a case by case basis when it is considered necessary to alert the public about unregulated provision of financial services in or from Malta.”