Financial Services and Markets Authority (FSMA) warns the public against the activities of new actors offering unlawfully binary options, forex products and/or CFDs on the Belgian market.

Reason:
Unregulated
Content of Penalty:

The Financial Services and Markets Authority (FSMA) warns the public against the activities of new actors offering unlawfully binary options, forex products and/or CFDs on the Belgian market.

Any company wishing to offer investment products, whether or not via an online trading platform, must hold an authorization.

Furthermore, since 18 August 2016, no investment firm (authorized or not) is permitted to distribute actively, within the territory of Belgium, binary options, certain forex products or CFDs.

The companies that are the subject of this warning do not comply with the aforementioned rules.

Consumers who have invested in these firms never recovered their investment. Therefore, these are most likely cases of investment fraud.

The FSMA therefore strongly advises against responding to any offers of financial services made by the following:

Date: 10/09/2018
Link: https://www.fsma.be/en/warnings/online-tradingplatforms-are-making-new-victims-belgium