Belgium’s FSMA Warns Customers of Fake-ads and Websites

Belgium's Financial Services and Markets Authority (FSMA) has recently updated its list of suspicious sites, claiming that it has continuously received complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market.

The regulator said that these trading platforms try to arouse consumers' curiosity by placing scam ads on social media, where a well-known person often explains how to get rich quick.

After clicking on the ad and having given their contact details, the victims are usually swiftly called by fraudsters presenting a concrete investment proposal.

The FSMA is aware of the following new fake-ads and websites that refer to subsequent projects and training courses:

• Bitcoin Buyer

• Bitcoin Prime (www.bitcoinprime.net)

• Immediate Edge (www.immediate-edge.co)

The FSMA therefore strongly advises against responding to any offers of financial services made by the following new trading platforms:

• ​BitCapitals (www.bit-capitals.com)

• ​Brokerunity (www.brokerunity.com)

• ​Bubblext (www.bubblext.com)

• ​Cryptenix (www.cryptenix.com)

• ​FDI Funds (www.fdifunds.com)

• ​Financial Reserve Capital Management (www.financereserve.com)

• ​GCG International (www.gcginternational.net)

• ​GFX Royal (www.gfxroyal.com)

• ​Global CTB (www.globalctb.com)

• Migotrade (www.migotrade.com)

• ​Safe IG (www.safeig.com)

The FSMA addresses 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.