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
Aaron Brett
  • http://www.aaronbrett.com
  • Boiler rooms
05/11/2018
ABConseils-patrimoine.com
  • https://www.abconseils-patrimoine.com
  • Boiler rooms
18/06/2020
Accea Finance
  • http://www.accefinance.com
  • Credit fraud
23/09/2020
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
Akita Matsui Trading
  • http://www.amtrading-corp.com
  • Boiler rooms
18/07/2018
Akita Michinoku Company
  • https://www.amctradinggroup.com
  • Boiler rooms
16/09/2020
Akiyama Acquisitions
  • http://www.akiyamaacq.com/
  • Boiler rooms
10/09/2020
Antares (www.antares.trade)
  • http://www.antares.trade/
  • Ponzi schemes / Pyramid schemes
04/03/2021
Asahi Marusan Management
  • http://www.ammsecurities.com
  • Boiler rooms
20/09/2018
Ashcroft Cohen Strategic Capital (ACSC)
  • https://acscinc.com
  • Boiler rooms
08/01/2019
Ashton Group LTD
  • https://www.ashtongroupltd.com/
  • Boiler rooms
10/09/2020
Asia Associates
  • http://www.asiaassociates.com
  • Boiler rooms
08/01/2019
Asse-groupe (www.asse-groupe.com)
  • http://www.asse-groupe.com/
  • Others
30/12/2020
Asterix Bank
  • http://www.asterixbank.com
  • Credit fraud
29/07/2019
Atlantix Services (www.atlantix-services.com)
  • https://www.atlantix-services.com
  • Credit fraud
18/01/2021
Atless Finance
  • https://www.atless-finance.com/
  • Credit fraud
23/09/2020
BCI Financial
  • https://www.bcifinancial.com
  • Credit fraud
25/03/2020
Be cautious on social media: Scammers use all sorts of tricks to circulate their fraudulent offers!
  • Others
03/12/2020
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
Belgius Capital (www.belgius.com)
  • http://www.belgius.com/
  • Boiler rooms
02/02/2021
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
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
Bitcoin-Evolution/Bitcoin-Revolution
  • Others
01/04/2020
Blessing Service (www.blessing-service.com)
  • https://www.blessing-service.com
  • Credit fraud
18/01/2021
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
  • http://ilainternational.com/
  • https://www.ashtongroupltd.com/
  • https://www.crestviewcapital.com/
  • http://www.akiyamaacq.com/
  • http://www.dunnandburchill.net
  • https://www.carlylecapitalmanagement.com
  • Boiler rooms
10/09/2020
Boiler rooms: the FSMA warns the public against unauthorized activities
  • Boiler rooms
20/09/2018
Boiler rooms: The FSMA warns the public against unauthorized activities
  • Boiler rooms
02/02/2021
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
Boiler rooms: the FSMA warns the public against unlawful activities
  • Boiler rooms
27/03/2020
Brock Holdings (https://brockholdings.com/)
  • https://brockholdings.com/
  • Boiler rooms
02/02/2021
Brookfield Investment fund PLC (https://brookfieldinvestmentfundsplc.net) - Cloned firm
  • https://brookfieldinvestmentfundsplc.net/
  • Others
30/12/2020
Burton Mills
  • http://www.burtonmills.com
  • Boiler rooms
15/03/2018
Byron-Stafford
  • https://byron-stafford.com/
  • Boiler rooms
27/03/2020
Capital Pilots
  • http://www.capitalpilots.com
  • Others
24/10/2019
Capital-Placement (http://capital-placement.info – http://news-placement.net)
  • http://capital-placement.info
  • http://news-placement.net
  • Others
23/06/2020
Carlyle Capital Management
  • https://www.carlylecapitalmanagement.com
  • Boiler rooms
10/09/2020
CFDS100.com (TRSYSTEM Limited)
  • https://www.cfds100.com
  • Fraudulent online trading platforms
19/02/2019
Cobalt Capital Inc.
  • https://cobaltcapitalinc.com
  • Boiler rooms
08/01/2019
Companies that sell trading and training software
  • Others
21/09/2020
Compass Consulting Group
  • http://www.compassconsultinggroup.co.uk/
  • Boiler rooms
27/03/2020
Concord Financial Consult Ltd
  • https://www.concordfinancialconsult.com/
  • Others
17/11/2020
Cortez Capital (http://cortezcap-hk.com/)
  • http://cortezcap-hk.com/
  • Boiler rooms
02/02/2021

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