Meta Trade Forex & Finance Group Inc. - Advisory Warning No. 25 of 2013 (2013-11-12)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning that Meta Trade Forex & Finance Group Inc., trading as FX Meta Trade, is falsely claiming to be incorporated, licensed and regulated in the British Virgin Islands. The entity operates a website (www.fxmetatrade.com) offering forex, commodities, indices trading and investment brokerage services, and has published a reproduction of an investment business licence certificate (no. SIBA/L/12/1027) that it falsely claims was issued to it.

• No registration or licence: The FSC confirms Meta Trade Forex & Finance Group Inc. / FX Meta Trade has never been incorporated or registered as a company in the BVI, and has never been licensed by the FSC to conduct financial services business.
• Fraudulent licence certificate: The licence certificate no. SIBA/L/12/1027 displayed on the entity's website is a scanned and altered copy; the true licence holder has no connection or affiliation with Meta Trade Forex & Finance Group Inc. or FX Meta Trade.
• Public caution advised: Members of the public are advised to exercise extreme caution if solicited by this entity or shown the altered licence certificate.
• Reporting invited: The public is invited to provide the FSC with any relevant information about this or other questionable entities purportedly operating in or from the BVI.

The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001, and is purely informational in nature, alerting the public and industry to an unlicensed and fraudulent operator rather than imposing new regulatory requirements on licensed entities.