MFSA Warning – Paramount FX Trade or PFXT Ltd – Unlicensed Exchange

The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the names of Paramount FX Trade or PFXT Ltd which has an internet presence at https://paramountfxtrade.com/. The entity claims to be “a regulated broker by the MFSA over 7 years” and “a market maker for CFD and Spot FX Contracts”.

This website is making unauthorised use and reference to the registered address and other company details of a Maltese licensed company.

The MFSA wishes to alert the public that Paramount FX Trade or PFXT Ltd are NOT Maltese registered Companies NOR licenced or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licenced or otherwise authorised under Maltese law. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entities.

For more information, click here.