The Financial Services and Markets Authority (FSMA) warns the public against the activities of BforBroker, a company that offers very risky investment instruments to the public in Belgium without complying with the financial legislation.
Certain investment instruments that BforBroker offers, namely binary options, are speculative and very risky, and the investor risks losing the entire amount invested. The FSMA has in fact recently issued a warning against the risks associated with binary options.
BforBroker 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.
Moreover, BforBroker has not published an FSMA-approved prospectus as required in order to offer investment instruments to the public within Belgium.
The FSMA thus strongly advises against responding to any offers of financial services or public offerings of investment instruments made by BforBroker and against transferring money to any account number BforBroker might mention.
BforBroker uses the website www.bforbroker.com.
Would you like to enquire more generally as to the regularity of a transaction being proposed? If so, please use the search function on the FSMA website. You can also contact the FSMA (tel.: +32 2 220 59 10; email address: firstname.lastname@example.org).