FSMA added new companies on its list of unauthorised investment firms in Belgium 

FSMA logo

The Financial Services and Markets Authority (FSMA) has issued an announcement to inform that the Authority has updated its list of providers of/intermediaries in binary options and forex products, “recovery rooms” and “boiler rooms”, all operating unlawfully in Belgium.

Below is the announcement of FSMA and its updated list:

The Financial Services and Markets Authority (FSMA) has, on several occasions, warned the public against the activities of various providers of/intermediaries in binary options and forex products, “recovery rooms” and “boiler rooms”, all operating unlawfully.

As mentioned in these warnings, the providers/intermediaries/boiler rooms in question are not authorized investment firms or credit institutions in Belgium. They are therefore not allowed to provide banking and/or investment services in or from Belgium. Furthermore, they have not published, where applicable, a prospectus approved by the FSMA, as is required before any public offering of investment instruments may be made within the territory of Belgium.

It should be specified that at this stage, no offer of binary options fulfils the requirements of Belgian legislation.

As regards “recovery room”-type fraud, despite the promises made by the persons offering this service, the fees charged do not result in the victims recovering the lost funds, and the sums paid in the process by the client are thus also lost.

The list below comprises all providers of/intermediaries in binary options, forex products, CFDs and other derivatives, “recovery rooms” and boiler rooms that have been the subject of a warning published by the FSMA since 2013. It also names the holders of the bank accounts used by those companies. The names indicated in bold are those of the new companies added to the list following the latest set of published warnings and/or following new information received by the FSMA about companies that have already been the subject of a warning by the FSMA.

Please note that the fact that no warning has been published about a given company does not automatically mean that the latter company holds the authorization necessary to operate in Belgium. In spite of the FSMA’s efforts to publish warnings in a timely manner, it is not impossible that a company may be operating unlawfully even though no warning has been published. As a result, this list cannot be considered exhaustive, and investors are always advised to check if a company that is offering a financial service holds the requisite authorization by consulting the lists of persons authorized to provide regulated financial services, published on the FSMA’s website under the tab “financial service providers”.

10 Spheres Media Ltd *
2M Venture Partners Limited *
Abena Invest Ltd *
Able Century Limited    ** 
Action Presta Services SL ***
Advanced Global Securities Corporation (AGS Corporation) (cloned firm) www.advanceglobalcorp.com **
AEG Financial www.aegfinancial.com **
AGFMarkets www.agfmarkets.com *
AJ Browder Capital *
Alborg Trading Inc. *
Alfa One Corporation  www.alfaonecorporation.com  ** 
Al Global Impex Ltd ***
Algorates www.algorates.com *
AMF Capital Limited *
Analysis Finance *
Analyst Invest www.analystinvest.com *
Aoguan HongKong CO., Limited **
Apex Equities  www.apex-equities.com  ** 
Arian Financial (cloned firm) **
Asia Pacific Brokerage Services Limited  www.asia-pacific-brokerage.com  ** 
Asia Pacific Ltd (cloned firm) **
Assets Credit Union **
Aston Forex www.astonforex.com *
Aston Invest Ltd *
Aston Markets www.astonmarkets.com *
Axel Neumann (cloned firm) www.axel-neumann.com **
Ate Binary Limited *
Axis Investment Group www.axisinvestmentgroup.com **
AXN Trading www.axntrading.com **
B.H.Global France   (B.H.G. France) **
B.H.N.V. online Ltd *
B.P.Y Technologies Ltd *
BANK & BINARY www.bankandbinary.com *
Bank Of Market www.bankofmarket.com *
Bankandcapital www.bankandcapital.com *
BanqofBroker *
Banque Centrale d’Europe www.centralebankeurope.com *
Banque Investissement www.banque-investissement.com *
BarclaysBroker www.barclaysbroker.com *
Bauway Technology Limited    ** 
Bayside Financial Services www.baysidefinancialservices.com **
Belmont Financial Group www.belmontfinancialgroup.com **
BFBMarkets www.bfbmarkets.com *
B.F. Capital Ltd *
BFM International Ltd *
BfmMarkets www.bfmmarkets.com *
BforBroker www.bforbroker.com *
BFXOption www.bfxoption.com *
BH France **
BHM26 Services Ltd *
BHR Conseils *
Binareo www.binareo.com *
Binaritrading www.binaritrading.com *
Binaroom www.binaroom.com *
Binary Forex Market VIP www.bfmvip.com *
Binary Stock Market Bank (BSMB) www.binarystockmarket.com *
Blue Fox Consulting Ltd *
BNK Trading    *** 
BNRMARKETS www.bnrmarkets.com *
Bo Bank www.bo-bank.com *
Boltin Limited **
Bourke Ltd **
BoursoMarket www.boursomarket.com *
Boursoratrade www.boursoratrade.com *
Bow Financial  www.bowfinancial.com  ** 
Brandt-Swift Associates www.brandt-swift-associates.biz **
Bridgestone Trading **
Bright Sheen Limited **
Brilliant Sheen Limited **
Broker International Bank www.brokerinternationalbank.com *
Broker&Co www.brokerandco.com *
Burton Financial Partners **
Caïs Capital LLC    *** 
CapitalCourtage www.capitalcourtage.com *
Capital Hill Group **
Capital Markets Ltd *
Capital Precision Belgium **
Cardell Co limited www.cardell-limited.com *
Cartius Finance **
CC Manuel Trading    ** 
CCMGT Management Consultancy **
CDH Investments **
CEA Finance www.ceafinance.net *
CEDIE ***
Centrale Bank Europe www.centralebankeurope.com *
CFX Markets www.cfxmarkets.com *
Changsheng Associates **
CIA.De Star Mega LDA **
Cit Markets (Citmarkets) www.citmarkets.com *
Clewis Financial www.clewisfinancial.com **
CME Global Corporation **
CO&H limited *
COB Trading www.cobtrading.com *
Colbert Capital www.colbertcap.com *
Cole & Rushton LLC  www.ohioseclawyers.com  *** 
Condor Capital Management www.condorcapitalmgt.com **
Consorfx www.consorfx.com *
Consortrade limited *
Corolla Financial **
Counting House Services Ltd ***
CRE Group INC (C.R.E. Group INC)    *** 
CT-Broker www.ct-broker.com *
Cunningham Mutual **
CVCoption Ltd *
Dalerich ltd **
Dashan International www.dashaninternational.com **
Dealinpro www.dealinpro.om *
Deniver Limited **
Deniver Limited **
Denko Group **
DeutscheMarkets www.deutschemarkets.net *
Direct Epargne *
DNT Limited *
Earnest & Medwell International  www.earnest-medwell-international.com  ** 
East Tech Trad.    *** 
Ebinaires www.ebinaires.com *
Edmund Rome Corporate **
EF Investing www.ef-investing.com *
Eich Invest Ltd *
EKL International CO., Limited    ** 
Elantra Limited **
Electro Discount SA *
Equity Capitals *
Ernst & Taylor LLP  www.laxsolicitors.com  *** 
Escrow Service Group  www.escrowservicegroup.com  ** 
Euro Asia Invest **
European Commodities Commission (ECC) www.europeancommoditiescommission.com **
E Trade Securities www.etrade-securities.com *
Eventus Alternatives Commercial Broker LLC **
Excel Management **
Experia Management Group www.experia-group.com **
Expert Data www.expertdata.fr ***
Expert Finance www.expert-finance.net *
F247 Services Limited *
F Financial www.f-financial.net *
F&C Investment *
F&C Management Limited *
Fi Options www.fioptions.com *
Fi-Corporation www.fi-corporation.com *
Fi Services *
First Consulting SCS *
Fonds d’investissement Liège 2015 *
Fife Hamilton Associates **
Finance Academy www.f-financial.net *
Finance Academy Trading www.financeacademytrading.com *&***
Finance International www.financial-international.net *
Financial Advice www.financial-advice.net *
Financial Advisors Online **
Financial Broker www.financial-broker.com *
Financial Futures www.financialfutures.net *
Financial International www.financial-international.net *
Financial Strategie www.financial-strategie.com *
Finanperf *
Finsolved Management & Consultancy    *** 
FIPconseil *
FISERVICES Ltd *
Forex Club (Forex Club International Limited) www.forexclub.biz  *
ForexTrada www.forextrada.com *
Fortune 2014 Ltd *
Fortune Banque www.fortunebanque.com *
Franklin Transfer Services    ** 
Friedman Global  www.friedman-global.com (offline)  *** 
FSI Union www.fsi-union.com *
Ftradition www.ftradition.com *
Fuji Credit Asset Management (Fuji Credit J-LLC)  www.fujicredit.com  ** 
Futurmarket *
FX Capital Bank (FXCB) www.fxcapitalbank.com *
FXbanque www.fxbanque.com *
FXCB Capital Markets Limited *
FXCB Limited *
FXCM (FXCManagement) (cloned firm) www.fxcmanagement.com *&***
FXGL Capital www.fxglcapital.com *
FXNTrade www.fxntrade.com *
FXObank www.fxobank.com *
FXSEP www.fxsep.com *
G.A. and M.A. Solutions Limited ***
GCI www.gcitrading.com *
GCI Financial LLC www.gcitrading.com *
G.I. Technologies *
G.O. LIMITED *
GDPX Assets Ltd *
Gemini Acquisitions  www.gemini-acquisitions.com  ** 
Gemsasia Investments Corporation **
General Options www.generaloptions.co *
Genkai Securities **
Gerard & Alterman (G&A) (cloned firm)  www.gerardalterman.com  ** 
Geyser Bank *
GFS Limited *
GFS Securities *
Global Capital Ltd *
Global Secure Ltd *
Global Strategy Capital Markets Ltd www.gscm-limited.com **
Globstate Assets Holdings Limited *
Glory Jet Limited    ** 
G.M. Marketing Group Limited www.tradesolid.com *
G.M. Software Solutions Limited *
GMT Private Broker www.gmtprivatebroker.com *
GMTInvest www.gmtinvest.com *
Golden-Bank www.golden-bank.com *
Golden Promise Group Ltd *
Good Option www.good-option.com *
Grandwic Ltd **
Great Raise Ltd **
Greenberg International Law & Tax Advisory **
Green Seed Capital **
Groupe Markets Ltd *
H & G Publisher Ltd *
Hadid Ravan CO., Limited    ** 
Hamburg Limited    ** 
Hampstead Worldwide Limited **
Hamtron Ltd **
Haussman Capital www.haussmancapital.com *
Hawk Trade www.hawktrade.com **
HCI Fund www.hcifund.com *
Hedge Funds Liège 2015 www.hedgefundsliege.com *
Herrington Global www.herrington-global.com **
Highfrequency www.highfrequency.trade *
Hoover Bright Independent Finance Advisor  www.hooverbright.com  ** 
HSB Group Ltd *
ICMarkets (Invest Capital Markets) www.investcapitalmarkets.com *
Idelson Group *
Ikkotrader www.ikkotrader.com *
Insta-trading www.insta-trading.com *
Inter Global Equity www.interglobalequity.com **
Invest-Binary www.invest-binary.com *
IP International Service *
IP Media and Co Ltd *
Ixitrade www.ixitrade.com *
Jones Falls Securities **
Jones Shaw Capital Partners www.jonesshaw-capitalpartners.com **
Justrader www.justrader.com *
Kalahouse Limited *
KD Markets www.kdmarkets.com *
Kingsburg Inc Ltd **
Lau Global Services Corporation www.mxtrade.com *
Leeden Limited **
Legend Options www.legendoptions.com *
Leston Ltd **
LIBServices ltd *
Lilikol SA *
LiveTrader www.livetrader.eu *
London Capital Group (cloned firm)
Manniworth Co Ltd www.manniworth.com **
Mann Morkes Inc. *
Mascarene management *
Maya Company Ltd *
Mayfair Funds www.mayfairfunds.com *
Mercuria Technologies LTD *
Mestoz Ltd **
Meta Capital Partners Ltd **
Metacapital option www.metacapitaloption.com *
MIA 29 Ltd *
Micron Associates  www.micronassociates.com (offline)  ** 
Ming Fu (HK) Industrial Limited    ** 
Mitsui Credit Global (Mitsui Credits)    ** 
Moss Securities www.mosssecurities.com **
MPT Max *
MT Capital Partners *
Mutual Hope Ltd **
MXTrade www.mxtrade.com * 
Myfair 23 *
My Private Trade *
Nakitrade www.nakitrade.com *
Neuberger and Co. Wealth Management www.neuberger-wealth-management.com **
Newcastle Distributors **
Next Binary www.nextbinary.com *
NG-Bank www.ng-bank.com *
Nippon Holdings (Nippon Capital Asset Management)  www.nipponholdings.com  ** 
Norikura-Global www.norikura-global.com et www.stemx.org **
Norite Capital Ltd **
NTD INVEST CORP LTD *
Nyt Trading    *** 
OBinary Corporation www.obinarycorporation.com *
OBmarkets www.obmarkets.com *
Opteck www.opteck.com *
Option500 www.option500.com *
Option Bank www.option-bank.com *
Option Pros www.option-pros.com *
Optionavigator www.optionavigator.com *
Option-Direct www.option-direct.com *
Optionsmarter www.optionsmarter.com *
Option Solution Group Limited *
Option Solution Online Limited *
OptionsXO www.optionsxo.com *
Osaka Financial  www.osakafinancial.com  ** 
Peredic Limited **
Peston & Sons Securities www.peston-sons-securities.com **
Plea (UK) Limited *
POB Holdings Ltd *
Prestige Banq www.prestigebanq.com *
Prestige Equity www.prestigeequity.com **
Prime FMS www.primefms.com *
Privilege Trading www.privilegetrading.com *
Pro-Binary www.Pro-Binary.com *
Pro-Nice Limited **
Pro-Nice Ltd **
Pulchira View Trading **
PWL Trading    *** 
Quantum Group Invest www.quantum-groupinvest.com *
Raiser Limited    *** 
RBOptions www.rboptions.com *
RBCT Trading    *** 
RB Secured Processing Ltd *
Redford Option www.redfordoption.com *
Redington Limited **
Redlane LTD *
Redstart Navigator Ltd *
Resona Corporate Partners  www.resonapartners.com  ** 
Ridgewood Securities **
Risk & Portfolio Management Ltd **
Royal Broker www.royal-broker.com *
Royal de Bank www.royaldebank.com *
S&B Seven Ltd *
Saito Mergers & Acquisitions www.saitomergers.com **
Scottoption www.scottoption.com *
Seattle Mercantile Exchange **
Secure Invest www.secureinvest.org *
Secure Soft Service Ltd *
SEP GLOBAL *
Sep Society *
September Investments Limited *
Service Qualité des plateformes Boursières *
Sequoia Markets *
Shaily Global Option Ltd *
Shangai Derivatives Exchange (SHDEX)  www.shdex.org (offline)  *** 
Shinshiro International www.shinshirointernational.com **
SIA Europe Trade Services *
Sigma Capital Advisors **
Sisma Capital Ltd *
Skyoptions *
Soft Service Ltd *
Software Solutions Limited *
South-East Asia Registrar  www.sea-registrar.com  ** 
South-East Asia Traders  www.southeastasiatraders.com  ** 
SQPB *
Starbust Limited *
STB *
Stock Binary (cloned firm) www.stock-binary.com *
Surekeep Marketing    *** 
Swiss Investment (cloned firm) www.investmentswiss.com *
SwissPartners AG www.swisspartners-ag.com *
Taiwan Options and Futures Exchange *
TAML Trading    *** 
Tareno (cloned firm) *
Taris Financial Corp. *
Technopers www.technopers.com *
Telcom Services Ltd *
Tenjin & Associates www.tenjinassoc.com **
The Associate & Trading Solution *
The Southwoud Group  www.thesouthwoodgroup.com (offline)  ** 
Time Binary www.timebinary.com *
TJB Trading *
Tradaxa www.tradaxa.com *
Tradaxa Venture Ltd *
Trade Invest Group *
trader 369 *
Tradesolid www.tradesolid.com *
Tradignition www.tradignition.com *
Trading Company *
Trading Corporation *
Trading Expertise *
Trading Technologies Ltd www.consorfx.com *
Tradmaker www.tradmaker.com *
Trebol Trading LLC www.tt-fx.us *
Treetop Business Management Consultancy    ** 
Tricorp limited **
Triumph Option www.triumphoption.com *
T.T.F *
Ubinary www.ubinary.com *
Ultra Secure Group *
United Global Trading **
Valuewell Assets Ltd **
Versailles Finances www.versaillesfinances.com *
Voth Nixon Group www.vnxgroup.com **
Wagner Berne (Matthew Goodman) **
Warick Limited **
Well Investments Ltd *
White-Miller Associates www.white-miller-associates.com **
Williams Corporation Ltd *
Wiltshire Capital **
XFR Finance Ltd *
XFRoptions www.xfroptions.com *
XP Markets www.xpmarkets.com *
YA&Co Capital limited *
YJ Concept *
Zeriten Limited **
Zulutoys Ltd *

 

* = companies offering binary options / forex products / CFD / other derivatives

** = boiler rooms

*** = recovery rooms

Source: FSMA

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