The Financial Services and Markets Authority (FSMA) warns the public against the activities of FXG Trade (Capital FXG Ltd / Nordic Pearl Ltd), a company that offers investments without complying with Belgian financial legislation.
FXG Trade (Capital FXG Ltd / Nordic Pearl Ltd) is not allowed to provide banking and/or investment services in or from Belgium.
Furthermore, since 18 August 2016, no investment firm (authorized or not) is permitted to distribute actively, within the territory of Belgium, binary options or certain other derivative instruments. Specifically, the instruments concerned are derivatives whose maturity is less than one hour and/or that directly or indirectly use leverage (including forex derivatives and CFDs).
The FSMA therefore strongly advises against responding to any offer of financial services made by FXG Trade (Capital FXG Ltd / Nordic Pearl Ltd) and against transferring money to any account number, it might mention.
The FSMA also reminds the public that in the vast majority of cases, persons who invest in firms that do not hold the requisite authorization never recover the sums invested. These are cases of investment fraud.
FXG Trade (Capital FXG Ltd / Nordic Pearl Ltd) uses the website www.fxgtrade.com and the following contact details:
Address: Ovcha Kupel Complex, Lilyache Str. 7, Sofia, Bulgaria
Emails: support@fxgtrade.com; marketing@fxgtrade.com; affiliates@fxgtrade.com
FXG Trade (FXG Capital Ltd / Nordic Pearl Ltd) has already been the subject of two warnings by the supervisory authority of the United Kingdom (FCA) and a warning by the supervisory authority of Italy (CONSOB).
Would you like to enquire more generally as to whether a transaction being proposed complies with the financial legislation? Please use the search function on the FSMA website. You can also contact the FSMA directly via the consumer contact form.
Source: FSMA
