FSMA Belgium reports unauthorised Forex and Binary Options providers 

The Financial Services and Markets Authority (FSMA), a financial regulator of Belgium, has issued an announcement to warn investors and 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 the warning, 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 fulfills 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.

According the announcement, the FSMA has added new companies on the list of unauthorised firms.

The companies offering binary options / forex products / CFD / other derivatives, recently added on the list of companies operating unlawfully in Belgium are:

Benedict Morris – BMBOption – Log Trading Capital Ltd
www.bmboption.com

BigOption – Wirestech Limited
www. Bigoption.com

Binarynvest
www.binarynvest.com

Brevan Invest – Kasuar Ventures Ltd
www.brevan-invest.com

Capital Epargne
www.capital-epargne.com

City Bank CFD
www.citybankcfd.com

Comex Partners
www.comexpartners.com

Edgedale Finance – Gold Horizen Ltd
www.edgedalefinance.com

FMTrader – Terapad Services Ltd – FM Marketing Ltd
www.fmtrader.com

Finances Capital
www.finances-capital.com

Financial Futures Ltd (cloned firm) – Digifirst Hungary Kft
www.financial-futures-ltd.com

Ivoryoption – Arya Group Ltd – Arianus Marketing Ltd
www.ivoryoption.com

London Global Markets
www.londonglobalmarkets.com

Markets Central Investment
www.markets-central-investment.com

OptionXchange – Globe & co ltd – SC-Options
www.optionsxchange.com

Owpremium
www.owpremium.com

Pacific Sunrise UK Ltd – Aaoption – CFDStocks
www.cfdstocks.com
www.aaoption.com

Swiss Capital Invest (Swiss Capitalinvest/ Swiss-CapitalInvest.com/ Swiss-CapitalInvest) / Atlasreference Unipessoal LDA
www.swisscapitalinvest.com

Source: FSMA

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