09-08-2016
Warnings of the Financial Services and Markets Authority
Central Provider Ltd / Central Option

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Central Provider Ltd, a company operating under the trading name Central Option and offering very risky investment instruments in Belgium without complying with Belgian financial legislation.

Central Provider Ltd, operating under the trading name Central Option, is not an authorized investment firm or credit institution in Belgium. It is therefore not allowed to provide banking and/or investment services in or from Belgium.

Furthermore, certain investment instruments that this company offers, namely binary options, are speculative and particularly risky. Investors risk losing the entire amount invested. In April 2016, the FSMA issued a similar warning about the risks associated with investments in binary options.

Nor has Central Provider Ltd (Central Option) published a prospectus approved by the FSMA, as is required for offering investment instruments to the public in Belgium.

The FSMA thus advises against responding to any offers of financial services or public offerings of investment instruments made by Central Provider Ltd (Central Option) and against transferring money to any account number it might mention.

Central Provider Ltd (Central Option) uses the website www.centraloption.com, the phone numbers +852 5808 3596, +44-203-868-1094, +1 647 694 1761, 280-363-100, 483-034-68 and 800-130-1928 and the email addresses support@centraloption.com, adamlouis@centraloption.com (contact person: Adam Louis) and danielhoffman@centraloption.com (contact person: Daniel Hoffman). Central Provider Ltd (Central Option) claims to have registered offices at the following addresses: Suite 50, 2 Old Brompton Road, London SW73DQ, UK and 280 Gloucester Road, 2G-42G, Hong Kong.

The FSMA recommends due vigilance with regard to similar companies that offer binary options or other risky investment instruments. Always verify that any company which is offering you financial services has the requisite authorization. For more recommendations, we advise you to see the general warning that the FSMA published on its website on 18 April 2016.

If you wish to check in general whether a proposed transaction complies with the financial legislation, please use the search function (available in Dutch and French only) on the website of the FSMA. You can also contact the FSMA (email address: info@fsma.be).

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