Public Statement 8 of 2021 - PRIZE FX LIMITED (2021-02-26)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about PRIZE FX LIMITED, also trading as Prize FX and operating via www.prizefxonline.com. The FSC states that this entity falsely claims to be licensed and regulated by the FSC to provide Forex and other trading and investment services, but it is not a BVI registered company and has never been licensed or regulated by the FSC for any financial services business.

• Warning: PRIZE FX LIMITED is not licensed or regulated by the FSC and is not a BVI registered company.
• Purpose: The statement is issued to protect customers, creditors and persons solicited by the entity, and to alert the public.
• Advice to public: Members of the public are advised to exercise extreme caution if solicited to conduct business with PRIZE FX LIMITED.
• Reporting: The public is invited to provide the FSC with information on questionable entities or improper activities operating in or from the BVI.
• Legal basis: Issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice does not impose any ongoing regulatory obligations on licensed entities; it is an informational public alert intended to warn consumers and the industry about an unlicensed, potentially fraudulent operator.

Applies to

members of the public, persons solicited by PRIZE FX LIMITED