FSMA warns against fraudulent trading platforms - 08/07/2021

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

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

• Bitengecko: www.bitengecko.com
• CryptoMatex: www.cryptomatex.com
• Deltamarket: www.deltamarket.net and www.delta-mark.net
• Eiro-group: www.eiro-group.com
• EuroStandarte: www.eurostandarte.com
• Finetero: www.finetero.com
• FXCT Investments: www.fxctinvestments.com
• Goldenrodfx: www.goldenrodfx.com
• Kapitalfx: www.kapitalfx.de and www.kapitalfx.ch
• Profxmarket: www.profxmarket.eu (cloned firm)
• Riva financial systems: www.rivafinancialsystems.com
• Tradergy: www.tradergy.io
• TradeVtech: www.tradevtech.com
• United asset finance limited (www.united-asset-finance.com) (cloned firm)

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.