Belgium's FSMA Adds 40 Fraudulent Online Trading Platforms to Its Warning List

Belgium's Financial Services and Market Authority (FSMA) has updated its list of fraudulent online trading platforms that are operating in the Belgian market based on the complaints the regulator received from consumers during the last weeks.

These trading platforms try to arouse consumers' curiosity by placing scam ads on social media. In these fake ads, a (well-known) person often explains how to get rich quick. Trading platforms also use mobile applications to lure victims.

According to the watchdog, the following new trading platforms are all suspicious sites:

• ​Bitalpha AI (bitalpha-ai.io, bitalpha-ai.nl and bitalpha-ai.org)

• ​Bitopps (www.bitopps.com)

• ​Bullden (bullden.io)

• ​Capital Forex Live Limited (capitalforex.live)

• ​Capital One Markets (capitalonemarkets.com)

• ​Capitals Trade Fx (capitalstradefx.com)

• ​Cedar Signals (cedarsignals.live)

• ​Crypto1Capital (platform.crypto1capital-trade.com and crypto1capital.com)

• ​Cryptoneyx (www.cryptoneyx.com and www.cryptoneyx.io)

• ​Definite Area (definitearea.com)

• ​DGTL-Trade (dgtl-trade.com)

• ​Ejinvesting (ejinvesting.com)

• ​Finutrade (finutrade.com)

• ​FX EliteTrader (fx-elitetrader.io)

• ​GFE Markets (gfemarkets.com)

• ​Gigachains (www.gigachains.com)

• ​Green Capitalz (greencapitalz.com)

• ​Greenlinepro (greenlinepro.com)

• ​Gstock (gstocklegal.com)

• ​Hubblebit (hubblebit.com and hubblebit.vip)

• ​Icorp Securities (icorpsecurities.com)

• ​Inetmarkets (inetmarkets.com)

• ​JH Group (hk-atf.com)

• ​Marketsbank (marketsbank.com)

• ​MiningFXbitcoin (miningfxbitcoin.com)

• ​NABCrypto.io (nabcrypto.io)

• ​Onotex (onotextrade.com)

• ​Plus12 (plus12.io)

• ​Priority Markets (priority-markets.com)

• ​Profi Trade 24/7 (profitrade247.com)

• ​Quantrix-Capital (www.quantrixcapital.net and www.quantrix-capital.com)

• ​Quantum AI (quantum-ai-trading.com)

• ​Skynettrades (skynettrades.com)

• ​Smart Trade Group (smart-trade-group.com and smart-trade-group.net)

• ​Swisschains (www.swisschains.com)

• ​Tandem Markets (www.tandemmarkets.com)

• ​TradeBaionics (www.tradebaionics.com and www.tradebaionics.net)

• ​Trade-Coin (trade-coin.com)

• ​Uniglobal Invest (uniglobal-invest.com)

• ​UXTrades (uxtrades.com)