The Malta Financial Services Authority (MFSA) has become aware of the website https://www.mxtrade.com/ which is falsely stating that MXTrade is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on MXTrade, including CySEC,…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) today added Forex broker MXTrade to its “Black List”. Clients of the broker have complained that they are unable to withdraw their profits generated from trading. Instead, the company allows them to withdraw only the initially invested money. The company does not respond…
Read moreAfter getting regulatory warnings in Italy and Cyprus earlier this year, Forex broker MXTrade has locked horns with Turkey's vigilant financial regulator – the Capital Markets Board (CMB). In its latest bulletin, which was out on Monday, December 28, 2015, the regulator announced sanctions against the brokerage. The regulator said it had conducted an investigation into the…
Read moreSoon after the Forex broker got a warning in Italy, it gets one in Cyprus, as CySEC says that the company is not permitted to provide investment and ancillary services.
Read moreBoth Forex brokers are not authorized to provide investment services to Italian residents, warns the Commissione Nazionale per le Società e la Borsa.
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