MFSA Warning – Global Express Trading – Unlicensed Entity

The Malta Financial Services Authority (MFSA) has become aware of an entity operating under the name of Global Express Trading or GXTrading Ltd which has an internet presence at https://globalxpresstrading.com. Global Express Trading claims to be the “leading cryptocurrency exchange since day one of bitcoin distribution”. It also claims to hold an MFSA license number.
This website is making unauthorised use and reference to the license number, registered address, and other company details of a Maltese licensed company.

The MFSA wishes to alert the public, that Global Express Trading is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading service, VFA related service or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that Global Express Trading 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.
For more information, click here.