FXDD's Malta Broker Surrenders License After 16 Years

Malta's Financial Services Authority (MFSA) accepted the voluntary surrender of Triton Capital Markets Ltd.'s investment services license on Tuesday, ending the authorization that the former FXDD Malta broker had held for 16 years. The regulator said the exit was voluntary and did not result from any enforcement action. Triton ceased to be licensed on August 25, 2026.

The Maltese entity had used its authorization to provide investment services across the European Economic Area under MiFID passporting rules, a route that is now closed for the company. The MFSA notice addressed only the license surrender, and the withdrawal does not determine the regulatory status of separate legal entities that use the FXDD brand outside Malta. The original Malta authorization dates to February 2010, when the business operated as FXDD Malta Ltd.

Cross-border permissions had already narrowed

Belgium's Financial Services and Markets Authority records March 24, 2026, as the end date for Triton's freedom to provide investment services in the country — roughly five months before the MFSA accepted the surrender. The Belgian register does not explain why that cross-border permission ended earlier. It shows FXDD Malta entered the Belgian passporting register in April 2010 and continued under the Triton name after the Maltese company changed its legal name in November 2020.

The MFSA described the surrendered authorization as a Class 2 Investment Services License, the prudential classification applied to Triton under the EU's Investment Firms Regulation and Directive. FXDD's public material still refers to a Category 3 license, the older authorization category under which the broker entered Malta. The two labels belong to different classification systems and are not interchangeable.

An older FXDD page that remained publicly accessible on Wednesday stated that FXDD Malta held a Category 3 MFSA license and was approved to offer cross-border services across the EEA. The current homepage and Company page did not repeat that statement, and the main navigation points to a different Company page. The footer identifies FXDD Trading SAC, registered in Peru, while the account application lists EU member states among available countries of residence — a listing that does not by itself establish where applicants are accepted or which entity would contract with them. The public pages did not explain what happened to Triton's customers or whether accounts were transferred before the surrender. Another Malta-regulated CFD provider, ALB, notified clients of its European shutdown in 2025 and set a deadline to close positions and withdraw funds.

The company also had a longstanding connection to the Nasdaq-listed group previously known as Nukkleus, which renamed itself T3 Defense in February 2026. The latest filing does not identify Triton as a current subsidiary. It said former Nukkleus CEO Emil Assentato controlled Max Q Investments, which held 79% of Currency Mountain Malta LLC, Triton's sole shareholder. A 2025 Nukkleus annual report called Triton its former primary customer and said a general services agreement ended effective January 1, 2024. Nukkleus booked $19.2 million of service revenue from Triton in 2023 and $4.8 million in 2024, with none after the termination.