One of the tasks entrusted to the Financial Services and Markets Authority (FSMA) is to combat unlawful activities in the area of financial investments. It publishes a dashboard that provides statistics as well as an overview of the main trends regarding investment fraud. Today, it is publishing the dashboard for the second half of 2025.
This edition of the dashboard highlights the following items:
For the second half of 2025:
- A new type of fraud, taking the form of supposedly exclusive investment advice via WhatsApp groups, has duped several victims, with losses in this category totalling more than 9.5 million euros.
- Consumer reports of scams linked to cryptocurrencies or fraudulent trading platforms make up nearly half of the consumer reports of fraud received by the FSMA.
- Between July and December 2025, Belgian consumers reported to the FSMA having collectively lost more than 23,443,906 euros due to fraud.
For the full year:
- In 2025, the FSMA received a total of 2,911 consumer reports about unlawful activity. This is an increase of 11 % compared to 2024.
- In the course of 2025, the FSMA published a total of 19 warnings against a total of 240 fraudulent entities and 316 websites. Requests were made to the judicial authorities to block those sites.
The dashboard is available on the website of the FSMA.
In 2025, the FSMA further extended its various actions to prevent any other Belgians from falling victim to investment fraud. Among other things, the FSMA participated in a major awareness-raising campaign launched by the Centre for Cybersecurity Belgium (CCB) with various partners.
The FSMA also joined the Belgian Anti-Phishing Shield (BAPS), an initiative of the CCB. Thanks to this tool, anyone who surfs to a website that the FSMA considers fraudulent is redirected to a webpage containing a warning. This new approach has had great success: since 15 May, the FSMA has entered 245 names of fraudulent websites; 22,973 unique IP addresses were thus redirected to the FSMA’s warning page instead of to a fraudulent website.