The Malta Financial Services Authority has issued a warning about an entity operating under the name of Primetradingbot which has an internet presence at https://www.primetradingbot.com/.

"Information available to the MFSA suggests that https://www.primetradingbot.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," it warned.

Although this entity purports to operate from an address in Malta, the MFSA said it does not believe this to be the case. From information available to the MFSA, Primetradingbot appears to be a high yield-investment program related to Bitcoin investment.

The MFSA warned that Primetradingbot is NOT licensed or otherwise authorised by the MFSA to provide any investment or other financial services under Maltese law.

A list of entities authorised by the MFSA is available from the MFSA and can be viewed on the official website of the MFSA at http://www.mfsa.com.mt/pages/licenceholders.aspx.

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