FSMA warns against fraudulent crypto trading platforms - 8/09/2022

The FSMA continued to receive complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market.

These trading platforms try to arouse consumers’ curiosity by placing scam ads on social media.

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

• https://cryptoprofitfx.com/
• www.tenndex.com
• www.xmsite.live and www.xmsite-coin.com

How To Protect Yourself From Scam

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.