Belgium's FSMA Updates Its List of Fraudulent Online Trading Platforms

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

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

· 365capitalmarkets (www.365capitalmarkets.com)

· Bright Finance (www.brightfinance.co)

· Markets Pilot (www.marketspilot.com)

· MottoFX (www.mottofx.com)

· MyCoinBanking (www.mycoinbanking1.com and www.mycoin-banking.com)

· OnlineMarketShare (www.onlinemarket-share.com)

· OTPFX (www.otpfx.com)

· Profits Trade (www.profitstrade.com)

· Solid Invest (www.solidinvest.co)

· Synergy Capitals (www.synergycapitals.co.uk)

· TradersChain (www.traderschain.com)

· Uptos (www.uptos.com)

The Belgian regulator periodically adds suspicious platforms to its warning list. In September this year, it warned against various companies in Belgium that were selling, via a pyramid structure, trading and training software intended for trading principally in forex, CFDs and cryptocurrencies.