The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of tier1fx which has an internet presence at https://www.tierl-fx.com/index.php. This website is making unauthorised use of details belonging to Tier1FX, which is the Forex brokerage division of an MFSA licensed company, Hogg Capital Investments Limited (C 18954). Fraudsters are using the details of this genuine company in an attempt to deceive the public.

The MFSA wishes to alert the public, in Malta and abroad, that https://www.tierl-fx.com/index.php is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any financial services which are required to be licensed or otherwise authorised under Maltese law. Additionally, the Authority confirms that https://www.tierl-fx.com/index.php has NO association with the Maltese registered company Hogg Capital Investments Limited (C 18954) and its Forex brokerage division Tier1FX.

The website https://www.tierl-fx.com/index.php therefore appears to be a clone of the legitimate entity and the public should therefore refrain from undertaking any business or transaction with the false entity.