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
365 Markets (Trustnet Ltd)
  • https://www.365markets.com
  • Fraudulent online trading platforms
19/02/2019
Aaoption / CFDStocks / Pacific Sunrise UK Ltd
  • http://www.aaoption.com
  • http://www.cfdstocks.com
  • Fraudulent online trading platforms
23/03/2017
Aaron Brett
  • http://www.aaronbrett.com
  • Boiler rooms
05/11/2018
ABConseils-patrimoine.com
  • https://www.abconseils-patrimoine.com
  • Boiler rooms
18/06/2020
Access Centrale Bank
  • https://www.access-centrale.com
  • Credit fraud
25/03/2020
Actio-Conseil (formerly www.energie-dma-access.com and https://actio-conseil.com) – Cloned firm
  • https://www.energie-dma-access.com
  • https://actio-conseil.com/
  • Others
15/06/2020
ADEF
  • Recovery rooms
26/07/2016
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
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
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
Ashcroft Cohen Strategic Capital (ACSC)
  • https://acscinc.com
  • Boiler rooms
08/01/2019
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 Associates
  • http://www.asiaassociates.com
  • Boiler rooms
08/01/2019
Asia Pacific Brokerage Services Limited
  • http://www.asia-pacific-brokerage.com
  • Boiler rooms
04/05/2016
Asterix Bank
  • http://www.asterixbank.com
  • Credit fraud
29/07/2019
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
Banque Investissement
  • http://www.banque-investissement.com
  • Fraudulent online trading platforms
18/04/2016
BCI Financial
  • https://www.bcifinancial.com
  • Credit fraud
25/03/2020
Be wary of investment fraud!
  • http://www.jt-europe.com
  • https://www.gbe-capital.com/
  • Others
01/03/2019
Be wary of investment offers made through social media
  • Others
30/09/2019
BECFD
  • https://www.becfd.com/
  • Fraudulent online trading platforms
10/09/2018
Bellmore Group
  • http://www.bellmoregroup.com
  • Boiler rooms
18/08/2017
Benedict Morris / BMBOption / Log Trading Capital Ltd
  • http://www.bmboption.com
  • Fraudulent online trading platforms
23/03/2017
Beware of attempts at phishing in relation to COVID-19!
  • Others
27/03/2020
Beware of new fraudulent online trading platforms
  • https://www.beflix.net
  • https://www.bluelexus.net
  • https://www.CFReserve.com
  • https://www.omegafx.io
  • https://www.optionfx.trade
  • https://www.tradeidea.co
  • Fraudulent online trading platforms
18/12/2019
BigOption / Wirestech Limited
  • http://www.bigoption.com
  • Fraudulent online trading platforms
23/03/2017
Binary options: the FSMA warns the public against several actors operating unlawfully within the territory of belgium
  • Fraudulent online trading platforms
01/10/2019
Binary options: the FSMA warns the public against several actors operating unlawfully within the territory of Belgium
  • Fraudulent online trading platforms
11/07/2019
Binarynvest
  • http://www.binarynvest.com
  • Fraudulent online trading platforms
23/03/2017
Bis Europe
  • Credit fraud
22/09/2017
Bitcoin-Evolution/Bitcoin-Revolution
  • Others
01/04/2020
Blonde Bear OU (TRADEDAX)
  • http://www.tradedax.com
  • Fraudulent online trading platforms
10/09/2018
Blue Hill Capitals
  • Boiler rooms
03/12/2019
Boiler rooms: the FSMA warns the public against unauthorized activities
  • Boiler rooms
20/09/2018
Boiler rooms: the FSMA warns the public against unlawful activities
  • Boiler rooms
27/03/2020
Boiler rooms: The FSMA warns the public against unlawful activities
  • http://www.abconseils-patrimoine.com
  • https://www.tapam.com/
  • https://takahashipartners.com/
  • Boiler rooms
18/06/2020
Bow Financial
  • http://www.bowfinancial.com
  • Boiler rooms
04/05/2016

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