MFSA warn­ing about Trad­ingBanks and Griz­zly Lim­ited

Malta Independent - - NEWS -

The Malta Fi­nan­cial Ser­vices Au­thor­ity has be­come aware of an en­tity op­er­at­ing un­der the name of Trad­ingBanks.

Trad­ingBanks is a brand owned and op­er­ated by a Malta reg­is­tered com­pany Griz­zly Lim­ited with a reg­is­tered of­fice at Floor 5, 115A, Msida Val­ley Road, Birkirkara BKR 9024, Malta (for­merly at Suite 4, Num­ber 62/63, Ma­rina Court, Gorg Borg Oliver Street, St. Ju­lian’s STJ 1081, Malta).

Trad­ingBanks has an in­ter­net pres­ence at https://www.trad­ and de­scribes it­self as an in­ter­na­tional Forex bro­ker of­fer­ing a range of trad­ing ser­vices in­clud­ing forex, metal trad­ing and CFDs.

The MFSA wishes to alert the pub­lic, in Malta and abroad, that Trad­ingBanks and/or Griz­zly Lim­ited are not li­cenced 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.

The MFSA strongly ad­vises in­vestors and con­sumers of fi­nan­cial ser­vices that prior to mak­ing any in­vest­ment or en­ter­ing into any fi­nan­cial ser­vices trans­ac­tion they should as­cer­tain that the en­tity with whom the in­vest­ment or trans­ac­tion is be­ing made is au­tho­rised to pro­vide such ser­vices by the MFSA or an­other fi­nan­cial ser­vices reg­u­la­tory au­thor­ity as ap­pli­ca­ble.

A list of en­ti­ties au­tho­rised by the MFSA is avail­able from the MFSA and can be viewed on the of­fi­cial web­site of the MFSA at s/li­cence­hold­ers.aspx.

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