Belgium's FSMA Flags Doznes of New Fraudulent Trading Platforms

The Belgium's Financial Services and Markets Authority (FSMA) issued Thursday (May 16, 2024) a warning against dozens of new fraudulent trading platforms that have appeared on the internet in recent weeks.

These fraudulent trading platforms are as follows:

• 4xai (https://4xai.net/);

• BFTCapitals/BFTCapitalspro (http://bftcapitals.com; https://www.bftcapitalspro.com/);

• Bitlet (https://bitlet.net/);

• Bitnomics (https://bitnomics.co); 

• BNP Groups (cloned firm) (https://bnpgroups.co.uk/);

• Chronovalor (https://www.chronovalor.com/); 

• CMCapitals (cloned firm) (https://cmcapitals.com/); 

• Coinsbit (https://coinsbit.io/); 

• CryptoCom AI (cloned firm) (https://crypto-com.ai); 

• DCY Markets (https://dcymarkets.com/);

• Easy Trade (http://easy-trade.uk/); 

• Fortnomics (https://www.fortnomics.com/);

• FX Margine (https://fxmargine.com/);

• GMT Direct (https://gmtdirect.com/); 

• High BTC Stock (https://www.highbtcstock.com/);

• Invotrade (https://invotrade.com/); 

• Lasbert (https://lasbert.net/); 

• Omega Capital Markets (https://omegacm.net; https://www.omega-cm.net/);

• Opti Market Exchange (https://ome1.vip; http://www.ome2.vip/);

• Parenta Financal Services Ltd (https://www.parentafinancialservicesltd.com/);

• Promarket AI (https://promarket-ai.com/; https://promrk-ai.com/; https://tradingacc-globalic.com/en; https://web.halving-trade.org/; https://web.hlv-trade.com/auth/login; https://pro-mrketai.com/);

• Quopi (https://quopi.ai/; https://quopi.app/);

• Sense traders (https://sense-traders.com/); 

• Sfcap/Safecap Investments/Finalto (https://webtrader.sfcap.trade/)

• SkyTarget Ltd (https://www.skytargetltd.com/); 

• Swiss-Vests (https://swiss-vests.com/);

• TigersFM (https://www.tigersfm.com/);

• Titanwealth24 (https://www.titanwealth24.com/); 

• Tradex4u (https://tradex4u.com/);

• Verify Markets (www.verify-markets.com);

• Vourteige (https://www.vourteige.com/);

• XHPX (https://xhpxpro.com/).

The FSMA notes that the following websites were putting consumers in touch with fraudulent trading platforms:

• Algo Education (http://algoeducation.io/);

• Bitcode Method (https://bitcode-method.com/; https://bitcodemethod.org/; https://bitcode-ai.live/);

• Immediate Peak (https://immediatepeak.io/; https://immediatepeak.com; https://immediatepeak.net; https://immediatefuture.io; immediate-peak.com; https://immediatepeak.org);

• Immediate Intal (https://immediateintal.com/; https://immediate-intal.co/; https://immediateintalai.com/);

• Immediate Vortex (https://immediatevortex.io; https://immediate-vortex.com/; https://immediatevortex.co/).

The financial watchdog states that the aforementioned platforms try to arouse consumers' curiosity  by a fake news article that mentions a celebrity, online advertisements, a fake account on social media, a dating app or even a "lost" message. In each case, the platform attracts investors by promising them very high returns in a short time, often well beyond the sorts of gains that are realistic.

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.