List of companies operating unlawfully in Belgium

The Financial Services and Markets Authority (FSMA) has, on several occasions, warned the public against the activities of various companies that are operating unlawfully in Belgium. This list comprises all those companies that have been the subject of a warning in the course of the past four years.

The list includes:

  • companies that offer, in or from Belgium, financial services and products without complying with Belgian financial legislation (no authorization / failure to publish a prospectus / etc.);
  • companies about which, in addition to any infringements of the financial legislation and regulations the FSMA supervises, the latter has identified serious evidence of investment fraud;
  • companies behind 'recovery room' fraud.

This list cannot be considered as exhaustive.

Company namesort descending Website Type of fraude Date
Aaoption / CFDStocks / Pacific Sunrise UK Ltd
  • http://www.aaoption.com
  • http://www.cfdstocks.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
ADEF
  • Recovery rooms
26/07/2016
AEG Financial and Pro-Nice Limited
  • http://www.aegfinancial.com
  • Boiler rooms
16/12/2015
Aichi BMO International (ABMOI) / Leiyu Trade Limited / GHY Partners Limited
  • http://www.ai-international.com
  • Boiler rooms
05/04/2017
Akanagi group (www.akanagi-group.com)
  • http://www.akanagi-group.com
  • Boiler rooms
27/09/2017
Akita Matsui Trading
  • http://www.amtrading-corp.com
  • Boiler rooms
18/07/2018
Alfa One Corporation, The Southwood Group and Micron Associates
  • http://www.alfaonecorporation.com
  • http://www.thesouthwoodgroup.com
  • http://www.micronassociates.com
  • Boiler rooms
04/05/2016
Algorates
  • http://www.algorates.com
  • http://www.sirixtrader.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
AMF Capital Limited and BNRMARKETS
  • http://www.bnrmarkets.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
Amicus Investment
  • http://www.amicusinvest.com
  • Boiler rooms
09/02/2017
Apex Alliance
  • http://www.apex-alliance.com
  • Boiler rooms
05/04/2017
Apex Equities, South-East Asia Traders and South-East Asia Registrar
  • http://www.southeastasiatraders.com
  • http://www.southeastasiatraders.com
  • http://www.sea-registrar.com
  • Boiler rooms
04/05/2016
Arian Financial (cloned firm)
  • Boiler rooms
10/09/2015
Asahi Marusan Management
  • http://www.ammsecurities.com
  • Boiler rooms
20/09/2018
Asashi Mergers & Acquisitions Group
  • http://www.asashima.com
  • Boiler rooms
09/02/2017
Ashida Associates (www.ashidaassociates.com)
  • http://www.ashidaassociates.com
  • Boiler rooms
27/11/2017
Ashton whiteley (www.ashtonwhiteley.com)
  • http://www.ashtonwhiteley.com
  • Boiler rooms
27/09/2017
Asia Pacific Brokerage Services Limited
  • http://www.asia-pacific-brokerage.com
  • Boiler rooms
04/05/2016
Asia Pacific Ltd (cloned firm)
  • http://www.asiapacificltd.com
  • Boiler rooms
12/10/2015
Aston Markets / Aston Forex / Ebinaires
  • http://www.astonmarkets.com
  • http://www.astonforex.com
  • http://www.ebinaires.com
  • Companies offering binary options / forex products / CFD / other derivatives
22/08/2014
ATB Holdings (www.atbholdings.com)
  • http://www.atbholdings.com
  • Boiler rooms
27/09/2017
Athos International Management BVBA
  • Others
15/06/2016
Athos International Management BVBA - “Eagle Crest Insurance” - “Eagle Crest Underwriter”
  • Others
18/02/2016
Atlantic Capital Management
  • http://www.atlantic-capital.net
  • Recovery rooms
29/09/2017
Atlantic Finance
  • Credit fraud
13/05/2016
Atlantic Global Asset Management
  • http://www.atlanticgam.es
  • Boiler rooms
09/02/2017
Avallon Patrimoine
  • Others
06/10/2017
Axel Neumann (cloned firm), AXN Trading and Eventus Aternatives Commercial Broker LLC
  • http://www.axel-neumann.com
  • http://www.axntrading.com
  • Boiler rooms
12/10/2015
B.H.N.V. online Ltd and Opteck
  • http://www.opteck.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Bank of Market
  • http://www.bankofmarket.com
  • Companies offering binary options / forex products / CFD / other derivatives
22/08/2014
BANK&BINARY
  • http://www.bankandbinary.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/02/2015
Bankandcapital
  • http://www.bankandcapital.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/02/2015
Banque Investissement
  • http://www.banque-investissement.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
BarclaysBroker and AGFMarkets
  • http://www.barclaysbroker.com
  • http://www.agfmarkets.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
Bayside Financial Services and Pro-Nice Limited
  • http://www.baysidefinancialservices.com
  • Boiler rooms
16/12/2015
BECFD
  • https://www.becfd.com/
  • Companies offering binary options / forex products / CFD / other derivatives
10/09/2018
Bellmore Group
  • http://www.bellmoregroup.com
  • Boiler rooms
18/08/2017
Belmont Financial Group
  • http://www.belmontfinancialgroup.com
  • Boiler rooms
16/12/2015
Benedict Morris / BMBOption / Log Trading Capital Ltd
  • http://www.bmboption.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
BfmMarkets and BoursoMarket
  • http://www.bfmmarkets.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/02/2015
BforBroker
  • http://www.bforbroker.com
  • Companies offering binary options / forex products / CFD / other derivatives
11/07/2014
BFXOption
  • http://www.bfxoption.com
  • Companies offering binary options / forex products / CFD / other derivatives
09/04/2014
BigOption / Wirestech Limited
  • http://www.bigoption.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Binaritrading and COB Trading
  • http://www.cobtrading.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
Binaroom
  • http://www.binaroom.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Binary Forex Market VIP
  • http://www.bfmvip.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
Binary Stock Market Bank (BSMB) and Kalahouse Limited
  • http://www.binarystockmarket.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
Binarynvest
  • http://www.binarynvest.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Bis Europe
  • Credit fraud
22/09/2017
Blonde Bear OU (TRADEDAX)
  • http://www.tradedax.com
  • Companies offering binary options / forex products / CFD / other derivatives
10/09/2018

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