FSMA exposed 50+ Fake Trading platforms

Belguims‘s Watchdog FSMA issued warning against more than fifty new fraudulent trading platforms that are operating in the Belgian market. The Authority said These trading platforms try to arouse consumers’ curiosity by placing scam ads on social media or online video platforms. In these fake ads, a (well-known) person often explains how to get rich quickly. Such trading platforms also sometimes use mobile applications to lure victims. Here is the full list. Have a look and Stay safe.

• 7solutions (https://7solutions.uk/);

• AES (www.aestotal.com);

• Appex Finance (https://appexfinance.com/; https://appex-finance.com/);

• ARP Trade (https://arptrade.com/);

• Audemars Group (https://audemarsgroup.com/);

• Bitbinx (https://bitbinx.net/);

• Bitgetinvest (https://www.bitsgetinvest.com/);

• Cap Traders (https://cap-traders.com);

• Capital B Market (https://capitalbmarket.com/);

• Coinex.la (cloned firm ; https://coinex.la/);

• CorsairControl (https://corsaircontrol.pro/);

• Cryptomerge (https://cryptomerge.com/);

• Dax-Financial (https://www.dax-financial.com/, https://dax-financial.de/);

• DBG Investment (cloned firm; https://www.dbginvestment.org/);

• Direct Stock (https://direct-stock.com/);

• ECTraders / ECdgTraders (https://www.ectraders.com/);

• Elbitrader (https://www.elbitrader.com/; https://elbi-trader.com/)

• Emarket-24 (https://emarket-24.com/);

• EMG Prime (https://emgprime.com/);

• E-Secure.io (https://e-secure.io/; https://e-secure.app/);

• ETHprofits (https://ethprofits.com/);

• Extonglobal (https://www.extonglobal.com/);

• Financewise (www.financewise.cc);

• FortunaInvest (cloned firm ; https://fortuna-invest.com/);

• FuturBTC (https://www.futurbtc.com/);

• FXP360 (https://www.fxp360.com/);

• Gastrade (https://gastrade.co/; https://gastrade.company/);

• Gateway Capital CG/Capital Gateway CG (https://gatewaycapitalcg.com/; https://capital-gatewaycg.com/);

• Global ICM (cloned firm; https://icm-global.com/; global-icm.com; glbl-icm.com);

• Global Mining Hub (https://www.globalmininghub.com);

• Invox Trade (https://invox.trade);

• KTXENR (https://web.ktxenr.com/; https://web.ktxenr.net/);

• LPL Financing (cloned firm)

• MetaSwissX (https://www.metaswissx.net/);

• NFG Finance (https://www.nfgfinance.com/);

• Obcai (https://obcai.cc/; https://www.obcai.com/);

• Omers Finance (cloned firm, https://omersfinance.ltd/);

• Quaero Capital (https://quaerocapital.pro/);

• Quantia (https://quantia.cc/)

• Safity (https://safity.pro/; https://www.privat.bet/index.html);

• SSC Investment (www.sscinvestment.com);

• Tangent Capital (https://tangent-capital.pro/);

• Terallix (www.Terallix.com);

• Terrarobo (https://www.terrarobo.pro/);

• Tools4deals (https://tools4deals.com/; https://tools-4deals.com/);

• Topeu (https://topeu.net/, www.topeu.com);

• Traderup (https://www.traderup.com/);

• Tradespeck (www.tradespeck.com);

• Truemarket Trading (https://truemarket-trading.com/);

• Trustbit (https://www.trustbit.trade/);

• Trustly (cloned firm; https://www.trustly.io/; https://trustly.pro/);

• Wise-Markets (https://wise-markets.com/);

• Wisevests (https://wisevests.com/fr/home-fr/).

After clicking on the ad or downloading the mobile app and having given their contact details, the victims are usually swiftly called by fraudsters presenting a specific investment proposal (in shares, alternative investment products, virtual currencies, etc.). Other trading platforms contact consumers through dating apps and fake social media accounts. Furthermore, many trading platforms use WhatsApp and Telegram.

In order to avoid fraud, the FSMA makes the following recommendations to investors: Always check the identity (company name, home country, registered office, etc.) of the company. If the company cannot be clearly identified, it should not be trusted.

Always verify if the company in question has the requisite authorization. To this end, an easy search on the FSMA‘s website will do. Take note! Always beware of ’cloned firms: companies that pass themselves off as different, lawful companies even though they have no connection with them. A close look at the email addresses or contact details for the companies in question may prove useful in order to detect this type of fraud and prevent it.

About FSMA

The FSMA was established on 1 April 2011; its full official name is the ‘Financial Services and Markets Authority’. As a supervisory authority, the FSMA strives to ensure the honest and equitable treatment of financial consumers.

It aims at the fair and orderly operation and the transparency of the financial markets by seeing to it that companies that raise financing on those markets provide correct and complete information.

It promotes proper provision of financial services by verifying that financial institutions comply with the applicable rules of conduct, by supervising financial products, financial service providers and supplementary pensions, and by contributing to improving the financial education of consumers.

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