NEXT Warning that forex broker could be a scheme of 'dubious nature' - Times of Malta

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The Malta Financial Services Authority has issued a warning about an entity operating under the name of FXNobels which is known to have an internet presence at https://www.fxnobels.io/.

Although this entity purports to operate from an address in Malta, the MFSA confirmed that this was not the case. From information available to the MFSA, FXNobels claims to be a forex brokerage that allows customers to trade in Forex, CFDs, Stocks and Cryptocurrencies online.

The MFSA said FXNobels was not a Maltese-registered company nor licensed or otherwise authorised by the MFSA to provide any investment or other financial services which are required to be licenced or otherwise authorised under Maltese law.

Information available to the MFSA suggests that it 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," it said.



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