The Malta Financial Services Authority (MFSA) has announced that it has become aware of an entity operating under the name of Gate Brokers Limited claiming to be a regulated broker.

The entity has an internet presence at gatebrokersltd.com, however the website is currently not accessible.

From information available to the MFSA, Gate Brokers Limited is a Maltese Registered Company, having its address at: Ewropa Business Centre, Level 3, Suite 701, Dun Karm Street, BKR 9034.

The MFSA stated that it wishes to alert the public, in Malta and abroad, that Gate Brokers Limited is NOT licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that the website gatebrokersltd.com is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed in Malta by the MFSA can be viewed on the official website of the MFSA at www.mfsa.com.mt/pages/licenceholders.aspx.