Belgium's FSMA Flags 53 New Fraudulent Trading Platforms

The Belgium's Financial Services and Markets Authority (FSMA) issued today (November 30, 2023) a warning against 53 new fraudulent trading platforms that have appeared on the internet in recent weeks.

These trading platforms are as follows:

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

• AES (www.aestotal.com);

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

• ARP Trade (http://arptrade.com/);

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

• Bitbinx (http://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 (http://ethprofits.com/);

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

• Financewise (www.financewise.cc);

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

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

• FXP360 (http://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; http://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/; http://www.obcai.com/);

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

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

• Quantia (https://quantia.cc/)

• Safity (http://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/; http://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; http://www.trustly.io/; https://trustly.pro/);

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

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

The financial watchdog notes that the aforementioned 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 quick. Moreover, several fraudulent trading platforms offer consumers a so-called 'affiliate programme, which exhibits signs of a pyramid scheme.

The FSMA strongly advises investors to exercise caution to carry out investment activities, by checking company identity and verifying if the company in question has the requisite authorization before making any payment, to avoid fraud. 

This follows the watchdog's flagging three entities​ that are not authorized to provide investment services in Belgium.