The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Maivest. The FSCA received information that Maivest is offering members of the public investment opportunities, copy trading services, referral rewards, and team-based incentives through its online platform.
Without commenting on the business of Maivest, the FSCA confirms that Maivest is not authorised by the FSCA to provide financial services to members of the public. The FSCA was unable to reach Maivest on the contact details provided to it.
To avoid unnecessary risk, the public should not accept financial advice, assistance, or investment offers from individuals or entities that are not authorised by the FSCA. Authorised financial services providers must clearly display their authorisation status in their documentation. If this is not present, it is advised to further investigate before making any payments.