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
Burton Mills
  • http://www.burtonmills.com
  • Boiler rooms
15/03/2018
Byron-Stafford
  • https://byron-stafford.com/
  • Boiler rooms
27/03/2020
Capital Epargne
  • http://www.capital-epargne.com
  • Fraudulent online trading platforms
23/03/2017
Capital Invest Europe
  • http://www.capitalinvesteurope.com
  • Boiler rooms
09/02/2017
Capital Pilots
  • http://www.capitalpilots.com
  • Others
24/10/2019
CapitalCourtage, Eich Invest Ltd, 10 Spheres Media Ltd and First Consulting SCS
  • http://www.capitalcourtage.com
  • Fraudulent online trading platforms
18/04/2016
Carmann, Reed, Edwards Associates Lawyers / Tunner Grant & Associates / Carmann Consultancy Services
  • Recovery rooms
07/11/2016
CEDIE
  • Fraudulent online trading platforms
18/04/2016
Central Provider Ltd / Central Option
  • http://www.centraloption.com
  • Fraudulent online trading platforms
09/08/2016
CFDS100.com (TRSYSTEM Limited)
  • https://www.cfds100.com
  • Fraudulent online trading platforms
19/02/2019
Charles van Deursen
  • http://www.charlesvandeursen.com
  • Boiler rooms
07/06/2017
Citic Tokyo International / Bai Xin Cheng Limited / Jin Yam (HK) Trade Co., Limited
  • http://www.citicinternational.com
  • Boiler rooms
05/04/2017
City Bank CFD
  • http://www.citybankcfd.com
  • Fraudulent online trading platforms
23/03/2017
CMS Trader (Pandorx Ventures Limited)
  • http://www.cmstrader.com
  • Fraudulent online trading platforms
01/12/2017
Cobalt Capital Inc.
  • https://cobaltcapitalinc.com
  • Boiler rooms
08/01/2019
Comex Partners
  • http://www.comexpartners.com
  • Fraudulent online trading platforms
23/03/2017
Compass Consulting Group
  • http://www.compassconsultinggroup.co.uk/
  • Boiler rooms
27/03/2020
COVID-19 - Investment fraud: more than ever, prudence is essential!
  • Others
27/03/2020
COVID-19 : Beware of fraudulent investment offers and scams that are circulating on social media!
  • Others
01/04/2020
Cressman Financial Group / Tian Xi Fu Limited / Hongkong Ztwow Trade Limited
  • http://www.cressmanfinancialgroup.com
  • Boiler rooms
09/02/2017
Cruzinvest.uk - Publicprivatebank.com
  • http://www.cruzinvest.uk
  • Boiler rooms
20/09/2018
Cryptocurrency fraud: don’t be taken in!
  • http://www.afaeu.com
  • http://www.bk-coin.com
  • http://www.capital-traders.com
  • http://www.cryptoallday.com
  • http://www.cryptonetto.com
  • http://www.cryptosafe.tech
  • http://www.dca-finance.com
  • http://www.elos-patrimoine.com
  • http://www.finances-markets.com
  • http://www.iminage.com
  • http://www.investissement-crypto.com
  • http://www.kryptonexlabs.com
  • http://www.kryptowize.com
  • http://www.lacentraledescryptomonnaies.com
  • http://www.london-exchange.net
  • http://www.parel-invest.com
  • http://www.positiva-ad.com
  • http://www.save-coins.com
  • http://www.tradabank.com
  • http://www.trade-my-bitcoin.net
  • http://www.vip-brokers.com
  • Cryptocurrency
26/10/2018
Cryptocurrency fraud: the FSMA updates its list of suspicious sites
  • https://www.bitcoinmarketscap.com
  • https://www.bitcointraderspro.com
  • https://www.coinsmex.com
  • https://www.crypto-sfs.com
  • https://www.etc-markets.co
  • https://www.fisherih.com
  • https://www.ltc-markets.com
  • https://www.stsroyal.com
  • https://www.tdscapitalgroup.com
  • Cryptocurrency
29/10/2019
Cryptocurrency fraud: the FSMA updates its list of suspicious sites
  • https://www.bearsmarkets.com/
  • https://btckingdom.com/
  • https://www.directco-invest.com/
  • https://www.maisonducoins.net/
  • http://www.novoplacement.com/
  • https://ripae-homine.com/
  • https://www.tribelylimited.com/
  • Cryptocurrency
04/04/2019
Cryptocurrency fraud: the FSMA updates its list of suspicious sites
  • https://bitcointrader.software/
  • https://www.btcoinpro.com
  • https://www.buysmartbits.com
  • https://www.cryptosone.com
  • https://fia-expert.com/landing/
  • https://www.omegacrypto.com
  • https://www.proactif-placements.com
  • Cryptocurrency
19/12/2019
Cryptocurrency fraud: the FSMA updates its list of suspicious sites
  • http://www.ajassetmanagement.com
  • http://www.cabinet-finsbury.com
  • http://www.capital-coventry.com
  • http://www.capital-secure.com
  • http://www.capitalmarketing-internationalltd.com
  • http://www.cashlesspaygroup.com
  • http://www.cobber-finance.com
  • http://www.conseil-premium.com
  • http://www.cryptomonaies.com
  • http://www.direct-ep.com
  • http://www.epargnecapital.com
  • http://www.gbe-capital.com
  • http://www.moneo-invest.com
  • http://www.phoenix-gm.com
  • Cryptocurrency
18/12/2018
Cryptocurrency fraud: the FSMA updates its list of suspicious sites
  • https://www.man-investments.com
  • https://www.mgclogic.com
  • https://www.mycoin-banking.com
  • Cryptocurrency
21/02/2020
Cryptocurrency fraud: the FSMA warns against Abesix
  • http://www.abesix-belgique.business.site
  • Cryptocurrency
04/10/2019
Cryptocurrency fraud: the FSMA warns against xtb-markets
  • https://xtb-markets.com
  • Cryptocurrency
21/08/2019
Cryptocurrency trading platforms: beware of fraud!
  • http://www.aespenbv.com
  • http://www.coinpaiement.com
  • http://www.crypto-logic.com
  • http://www.cryptomonneo.com
  • http://www.krakenaccess.com
  • http://www.localbitcoinltd.com
  • http://www.lyf-chain.com
  • http://www.major-crypto.com
  • Cryptocurrency
21/06/2018
Cryptocurrency trading platforms: beware of fraud!
  • http://www.01crypto.com
  • http://www.bourse-ether.com
  • http://www.bourso-crypto.com
  • http://www.crypteo.io
  • http://www.crypto-institute.com
  • http://www.cryptos-investing.com
  • http://www.cryptoboursier.com
  • http://www.cryptocoffre.com
  • http://www.eminage.com
  • http://www.epargne-crypto.com
  • http://www.epargnecrypto.com
  • http://www.generalcrypto.net
  • http://www.lbitcoinltd.com
  • http://www.originalcrypto.com
  • http://www.origincrypto.com
  • http://www.placementbitcoin.com
  • http://www.stock-crypto.com
  • http://www.strato-markets.com
  • http://www.sslcrypto.co
  • http://www.union-crypto.com
  • http://www.univers-crypto.com
  • http://www.world-cryptos.com
  • Cryptocurrency
07/05/2018
Cryptocurrency trading platforms: beware of fraud!
  • http://www.01crypto.net
  • http://www.btc-cap.com
  • http://www.capital-coins.com
  • http://www.coinquick.net
  • http://www.cryptavenir.com
  • http://www.crypto-banque.com
  • http://www.crypto-infos.com
  • http://www.cryptos.solutions
  • http://www.cryptos-currency.com
  • http://www.ether-invest.com
  • http://www.eurocryptopro.com
  • http://www.finance-mag.info
  • http://www.gme-crypto.com
  • http://www.gmtcrypto.com
  • http://www.gmt-crypto.com
  • http://www.good-crypto.com
  • http://www.mycrypto24.com
  • http://www.nettocrypto.com
  • http://www.patrimoinecrypto.com
  • http://www.ydconsultant.com
  • Cryptocurrency
22/02/2018
CTI China Renaissance (CTICR) / XW Technology Hong Kong Limited
  • http://www.ctimanagement.com
  • Boiler rooms
07/06/2017
Daiju Commodity Markets
  • http://www.daiju-cm.com
  • Boiler rooms
05/11/2018
Daikyo Brokerage Limited, Champion Luck Enterprises Limited, CTPP Investment Limited, United Equity Clearing Limited, JEC Investment Limited and Asicon Trading Limite
  • http://www.daikyo-brokerage-limited.com
  • Boiler rooms
26/07/2016
Day Dream Investments Ltd (u Trader)
  • https://en.utrader.com/
  • Fraudulent online trading platforms
10/09/2018
Dell Loan Company
  • Credit fraud
04/10/2019
Denman-Brys Group
  • http://www.denmanbrysgroup.com
  • Boiler rooms
18/07/2018
Devin Consultants
  • http://www.devinconsultants.com
  • Boiler rooms
18/08/2017
Dodson Norwood / Kimball Group International Limited / PVSS Holdings Limited
  • http://www.dodson-norwood.com
  • Boiler rooms
07/11/2016
Dream Equity Ltd.
  • http://www.investingcapital.com
  • Fraudulent online trading platforms
01/10/2019
Drukenmiller Investment Services / Timmermans Asia Ltd / Hansen Peters Ltd / Sarandon Asia Ltd
  • http://www.drukenmiller-investment.com
  • Boiler rooms
05/04/2017
Dynamic Target Marketing
  • http://www.dynamictargetmarketing.com
  • Recovery rooms
29/09/2017
E Trade Securities (cloned firm)
  • http://www.etrade-securities.com
  • Fraudulent online trading platforms
18/04/2016
Earnest & Medwell International
  • http://www.earnest-medwell-international.com
  • Boiler rooms
04/05/2016
Eastern Quay Asset Management
  • http://www.equam.com
  • Boiler rooms
09/02/2017
EasyGestions
  • http://www.easygestions.com
  • Fraudulent online trading platforms
16/08/2017
Echler Solomon Feng
  • https://www.esfpm.com
  • Boiler rooms
07/06/2019
Edgedale Finance / Gold Horizen Ltd
  • http://www.edgedalefinance.com
  • Fraudulent online trading platforms
23/03/2017
Elibank-Vernon
  • https://www.elibank-vernon.com/
  • Boiler rooms
07/06/2019