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Clone Fxswiftrade
On December 9, 2024, the Malta Financial Services Authority (MFSA) issued a warning against fxswiftrade.com, identifying this company as a clone of an MFSA-authorized firm. https://www.mfsa.mt/news-item/mfsa-warning-alchemy-markets-ltd-clone/
On December 9, 2024, the Malta Financial Services Authority (MFSA) issued a warning against fxswiftrade.com, identifying this company as a clone of an MFSA-authorized firm. https://www.mfsa.mt/news-item/mfsa-warning-alchemy-markets-ltd-clone/According to its website, it claims to be subject to a lot of regulation. Looking closely at the regulations displayed on its website, first of all, we can see that its regulatory description is very confusing. Secondly, it does not even understand the regulatory authorities in some countries, which is very unprofessional.
Through the regulations it displays, we searched the correct regulatory authorities one by one and did not find matching information in the National Futures Association (NFA), European Securities and Markets Authority (ESMA), Federal Financial Supervisory Authority (BaFin), Autorité des Marchés Financiers (AMF), Comisión Nacional del Mercado de Valores (CNMV), Finanstilsynet, Denmark (Danish FSA), Commissione Nazionale per le Società e la Borsa (CONSOB). Regarding the Financial Conduct Authority (FCA) it mentioned, we found that the company name and domain name on file were different from fxswiftrade.com. Fxswiftrade.com stole someone else's number to prove its legitimacy. The funny thing is that the number has been canceled in the FCA.
In addition, the Malta Financial Services Authority (MFSA) issued a warning against fxswiftrade.com, identifying this company as a clone of an MFSA-authorized firm.
In essence, fxswiftrade.com is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as no legal protections are in place to safeguard the funds.
fxswiftrade.com appears to be a scam.
According to its website, it claims to be subject to a lot of regulation. Looking closely at the regulations displayed on its website, first of all, we can see that its regulatory description is very confusing. Secondly, it does not even understand the regulatory authorities in some countries, which is very unprofessional. Through the regulations it displays, we searched the correct regulatory authorities one by one and did not find matching information in the National Futures Association (NFA), European Securities and Markets Authority (ESMA), Federal Financial Supervisory Authority (BaFin), Autorité des Marchés Financiers (AMF), Comisión Nacional del Mercado de Valores (CNMV), Finanstilsynet, Denmark (Danish FSA), Commissione Nazionale per le Società e la Borsa (CONSOB). Regarding the Financial Conduct Authority (FCA) it mentioned, we found that the company name and domain name on file were different from fxswiftrade.com. Fxswiftrade.com stole someone else's number to prove its legitimacy. The funny thing is that the number has been canceled in the FCA. In addition, the Malta Financial Services Authority (MFSA) issued a warning against fxswiftrade.com, identifying this company as a clone of an MFSA-authorized firm. In essence, fxswiftrade.com is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as no legal protections are in place to safeguard the funds. fxswiftrade.com appears to be a scam.
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