The Financial Services and Markets Authority (FSMA) warns the public against the activities of BeCFD, a company that offers investments without complying with Belgian financial legislation.

BeCFD is not allowed to provide banking and/or investment services in or from Belgium.

Furthermore, since 18 August 2016, no investment firm (authorized or not) is permitted to distribute actively, within the territory of Belgium, binary options or certain other derivative instruments. Specifically, the instruments concerned are derivatives whose maturity is less than one hour and/or that directly or indirectly use leverage (including forex derivatives and CFDs).

The FSMA therefore strongly advises against responding to any offer of financial service made by BeCFD and against transferring money to any account number it might mention.

The FSMA also reminds the public that in the vast majority of cases, persons who invest in firms that do not hold the requisite authorization never recover the sums invested. These are cases of investment fraud.

BeCFD uses the following websites, and the following contact details:


Tel.: +44 20176161814, +44 1342886834, +43 720775889, 020 3332 0842, 020 7616 3139, 020 7616 3142, +39 (0)6 9480 2953

BeCFD has already been the subject of a warning by the supervisory authority of the United Kingdom (FCA) and by the supervisory authority of Italy (Consob).

Would you like to enquire more generally as to whether a transaction being proposed complies with the financial legislation? Please use the search function on the FSMA website. You can also contact the FSMA directly via the consumer contact form.