The Malta Financial Services Authority (MFSA) is responsible for the licensing, regulation and supervision of investment services such as providers operating in and from the Republic of Malta.
The Malta Financial Services Authority (MFSA) is responsible for the licensing, regulation and supervision of investment services such as providers operating in and from the Republic of Malta.
The Investment Services Act provides that no person shall provide, or hold himself out as providing, an investment service in or from within Malta unless he is in possession of a valid investment services licence; foreign exchange acquired or held for investment purposes is one of the instruments listed in the Investment Services Act and as such a company offering services related to financial exchange must obtain a licence from the MFSA before doing so. The MFSA also licenses, regulates and supervises banking, companies, insurance, collective investment schemes and recognised investment exchanges.
The foreign exchange market is the largest, most liquid market in the world with an average traded value that exceeds 1.9 trillion dollars per day and includes all of the currencies in the world. Foreign Exchange is also known as ‘FOREX’, ‘FX’ or ‘the currency market’ and is the market in which all world currencies are traded. The foreign exchange market is “decentralised” meaning that it is an international network with no fixed, physical location. It is an over-the-counter (OTC) market where brokers and dealers (‘intermediaries’) negotiate directly with one another.
RCPSecure Global LLC has structured over 7000 Global FOREX business Licenses in the Republic of Malta, as at end of March 2022.