Regulatory Updates

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website https://trustcapitalpl.com/ and the fact that the website is not linked to any entity licensed or regulated by the FSA in any capacity.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website https://quomarkets.com/ and the fact that the website is not linked to any entity licensed or regulated by the FSA in any capacity.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website https://firstallytrade.com/ . The Authority takes note that the website refers to a company named "First Ally Trade" claiming that it is authorized and regulated by the Seychelles Financial Services Authority with Securities Dealer's license number SD018.

Please be advised that as per the Authority’s records, First Ally Trade is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed and/or regulated by the FSA in any capacity. 

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website.

This notice is issued by the Financial Services Authority ("FSA") pursuant to section 4(1)(m) of the Financial Services Authority Act, 2003 in relation to the trading platform, XTrade+. 

It has been brought to the FSA’s attention that the online trading platform XTrade+ (https://xtradeplus.com/) is claiming to be under the regulatory purview of the FSA. The public is hereby informed that XTrade+ does not hold any licences issued by the FSA to undertake such types of activities. Therefore, the entity is not being regulated by the FSA nor has it been in the past.

The FSA strongly urges investors and members of the public to exercise caution in respect to the services offered by XTrade+.

The Financial Services Authority

21 August 2024

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website https://grandcapital.net. The Authority takes note that the website refers to a company named Grand Capital Ltd claiming that it is an international brokerage providing services for trading and investment in currency and derivatives, with its registered office at Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles and business address at No. 6, 1st Floor, Reliance Complex Building at Providence, Mahe, Seychelles.

Please be advised that as per the Authority’s records, the Grand Capital Limited does not and at no point in time has been authorised in line with sections 46 (1) and (2) of the Securities Act, 2007 by the FSA to carry on business in Seychelles dealing in Securities in accordance with section 45(4) of the Securities Act, 2007.

  The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website.  

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website https://grandcapital.net. The Authority takes note that the website refers to a company named Grand Capital Ltd claiming that it is an international brokerage providing services for trading and investment in currency and derivatives, with its registered office at Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles and business address at No. 6, 1st Floor, Reliance Complex Building at Providence, Mahe, Seychelles.

Please be advised that as per the Authority’s records, the Grand Capital Limited does not and at no point in time has been authorised in line with sections 46 (1) and (2) of the Securities Act, 2007 by the FSA to carry on business in Seychelles dealing in Securities in accordance with section 45(4) of the Securities Act, 2007.

  The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website.

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website "www.cofglobol.com". The Authority takes note that the website refers to a company named COF GLOBOL and/or COF claiming to be authorized and regulated by the Seychelles Financial Services Authority. Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed or regulated by the FSA in any capacity. 

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship or make use of services provided with or by the aforementioned website. 

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website "Prooption24.com". The Authority takes note that the website refers to a company named PRO MARKET GROUP 24 LTD claiming to be authorized and regulated by the Seychelles Financial Services Authority under license number SD034. Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed or regulated by the FSA in any capacity. 

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship or make use of services provided with or by the aforementioned website. 

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the websites www.macrogmsc.com and www.macrofx.net and the fact that the websites are not linked to any entity licensed or regulated by the FSA in any capacity.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned websites.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to a fraudulent website https://www.fsaseychelles.com/ which is presently cloning the FSA website. The FSA wishes to advise that the website is not operated by the FSA and is not linked to the FSA in any capacity.

The FSA additionally refers to a specific content on the website, of which it has been noted that the website is presently displaying a forged securities dealer licence on the following website page https://www.fsaseychelles.com/163/ , and falsely portraying that MEXC Global trading Limited has been granted a securities dealer licence with licence number HM995.

Members of the public are hereby advised that the license certificate being displayed has been forged and that the company MEXC Global trading Limited is not authorized to offer securities business in or from Seychelles and does not hold a securities dealer licence issued by the FSA.

Investors and members of the public are also advised that the FSA Seychelles publishes a list of licensed and regulated entities on its website which can be viewed as follows https://fsaseychelles.sc/.

Lastly, the FSA Seychelles urges investors and members of the public to undertake adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.