The Financial Services and Markets Authority (FSMA) warns the public against the activities of Kasuar Ventures Ltd, trading under the name Brevan Invest, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.
Kasuar Ventures Ltd, trading under the name Brevan Invest, 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 Kasuar Ventures Ltd (Brevan Invest) 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.
Kasuar Ventures Ltd (Brevan Invest) uses the website www.brevan-invest.com, the email address firstname.lastname@example.org and the telephone numbers +44 203 80 87 083 and +33 09 73 72 67 67. It claims to be based in the United Kingdom (83 Ducia St. Manchester, M12JQ).
That website also appears on the "blacklist of sites not authorized to offer binary options" published by the French supervisory authority (AMF).
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.