On February 27, 2024, the Malta Financial Services Authority (MFSA) issued warnings to two unlicensed entities, Investoscope and Expert Advance Trade Ltd.
Investoscope's website address is https://www.investoscope.io/, which claims to be a "Malta-directed investment service provider authorized and regulated by the Malta Financial Services Authority."
The website address of Expert Advance Trade Ltd is https://www.expertadvancetrade.com/. The entity used and cited details of a Maltese licensed company without authorization. The entity then falsely claimed to hold a “Category 3 Investment Services License No. IS/56519 issued by the Malta Financial Services Authority.”
The Malta Financial Services Authority wishes to remind the public that Investoscope or Investoscope Mining and Expert Advance Trade Ltd are neither registered companies in Malta nor licensed or otherwise authorized by the regulator to provide any investment services or other financial services under Maltese law. , these services must be licensed or authorized.
The MFSA reminds financial services consumers not to conduct any financial services transactions unless you are sure that the entity conducting the transaction is authorized by the MFSA or other reputable financial services regulator. Investors should also exercise caution when obtaining financial services through non-traditional channels such as the telephone or social media.
