The Malta Financial Services Authority ("MFSA" or "the Authority") has become aware on an entity by the name of AlphaEx which has an internet presence at https://www.alphaex.net/

The entity is claiming to be A secure & dependable trading platform, AlphaEx is created for competent investors, businesses, and everyone, who wants to purchase or sell XDC, Ether and Bitcoin worldwide Additionally, the entity claims that it is Registered & Gained Transitoy Licence under MFSA. (sic)

The Authority would like to inform the public that AlphaEx is NOT a Maltese registered company NOR is it authorised to provide any financial services in or from Malta. Additionally, the entity is not licensed nor registered under the Virtual Financial Services Act .

The MFSA would like to remind consumers of financial services not to enter into any financial services transactions unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. A list of entities licensed by the MFSA can be viewed on the official website of the Authority at https://www.mfsa.mt/financial-services-register/

If you are a victim of a scam or think you might be dealing with an unauthorised entity or any type of financial scam, first of all, stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.