News & Warnings

BigOption / Wirestech Limited

Warnings
23/03/2017

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Wirestech Limited, trading under the name BigOption, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.

Wirestech Limited, trading under the name BigOption, 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, the FSMA reminds the public that since 18 August 2016, no investment firm (authorized or not) is permitted actively to distribute, within the territory of Belgium, via an electronic trading system, binary options or any other derivative instruments whose maturity is less than one hour and/or that directly or indirectly use leverage (including forex derivatives and CFDs).

The FSMA thus strongly advises against responding to any offer of financial services made by Wirestech Limited (BigOption) 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.

Wirestech Limited (BigOption) uses the website www.bigoption.com, the email address support@bigoption.com and the telephone number +44 2030268502. It claims to be based in the Marshall Islands (Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960).

Wirestech Limited (BigOption) has been the subject of a warning by the supervisory authorities of Ontario (Ontario Securities Commission) and British Columbia (British Columbia Securities Commission), dated 29 June and 8 July 2016 respectively.

If you wish to check in general whether a proposed transaction complies with the financial legislation, please use the search function (available in French and Dutch only) on the FSMA website. You can also contact the FSMA directly via the electronic contact form.