The Malta Financial Services Authority (MFSA) has discovered a suspicious entity operating under the name FxbinaPro, with a domain name of http://climaxxasset.com/ . The entity falsely claims to have been authorized by MFSA and regulated by the regulatory authority under the EU Financial Instruments Market Directive, and holds a Class 3 investment service license.

The entity's website is used without authorization and references information from a licensed company in Malta.

MFSA reminds the public both domestically and internationally that FxbinaPro is not a registered company in Malta and has not been licensed or authorized to provide any financial services.

The institution reminds consumers not to engage in any financial transactions with entities unless they have determined that they are authorized by MFSA or other reputable financial services regulatory agencies to provide financial services. Investors should also be particularly cautious when approaching companies that provide financial services through unconventional channels such as phone calls or social media.