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
Lexus Group / MCA Advisors / Raeat Holdings Limited
  • http://www.mcaadvisors.com
  • Boiler rooms
05/04/2017
LIBServices ltd, Next Binary, Trade Invest Group, Trading Expertise and Fortune 2014 Ltd
  • http://www.tradeinvestgroup.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Loeb Benson
  • http://www.loeb-benson.com
  • Boiler rooms
15/03/2018
London Global Markets
  • http://www.londonglobalmarkets.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Manniworth Co Ltd, Elandra Ltd and Deniver Ltd
  • http://www.manniworth.com
  • Boiler rooms
16/12/2015
Markets Broker (Age Capital Payments Solutions Ltd / Age Capital Ltd)
  • http://www.marketsbroker.com
  • Companies offering binary options / forex products / CFD / other derivatives
01/12/2017
Markets Central Investment
  • http://www.markets-central-investment.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Markets Premium
  • http://www.markets-premium.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Maya Company Ltd, BFBMarket, FIPconseil, Starbust limited, BHR Conseils and YJ Concept
  • http://www.bfbmarket.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Mayfair Funds (Myfair 23), Highfrequency, Trading Company and Sep Society
  • http://www.highfrequency.trade
  • http://www.mayfairfunds.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
Meadows Financial
  • http://www.meadowsfinancial.com
  • Boiler rooms
15/03/2018
Mercuria Technologies Ltd and Optionsmarter
  • http://www.optionsmarter.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Mercury Connect
  • http://www.mercury-connect.com
  • Credit fraud
06/02/2019
Meta Capital Partners Ltd
  • Boiler rooms
28/07/2014
Metacapital option, FXNTrade and Scottoption
  • http://www.metacapitaloption.com
  • http://www.fxntrade.com
  • http://www.scottoption.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
MetaInvesting
  • http://www.metainvesting.com/
  • Companies offering binary options / forex products / CFD / other derivatives
10/09/2018
MIA 29 Ltd, Technopers, Secure Invest, Soft Service Ltd and September Investments Ltd
  • http://www.technopers.com
  • http://www.secureinvest.org
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Mitsui Credit Global (Mitsui Credits), Resona Corporate Partners, Franklin Transfer Services, Ming Fu (HK) Industrial Limited, EKL International CO., Limited, Hadid Ravan CO., Limited and Bauway Technology Limited
  • http://www.mitsuicredit.com
  • http://www.resonapartners.com
  • http://www.franklinfinancial.net
  • Boiler rooms
04/05/2016
Mizuho DKB Brokerage/SDD International
  • http://www.mdbcorporate.com
  • http://www.sddinternational.com
  • Boiler rooms
18/07/2018
Monex Financial / Monex BMO Securities / Symando Corporation Limited / DFAN Limited
  • http://www.monexfinancial.com
  • Boiler rooms
09/02/2017
Morgan Newfield
  • http://www.morgannewfield.com
  • Boiler rooms
18/07/2018
Moss Securities
  • Boiler rooms
11/12/2014
MT Capital Partners and Justrader
  • http://www.justrader.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
MWI Consultants
  • http://www.mwiconsultants.com
  • Recovery rooms
29/09/2017
Nagaharu global (www.nagaharu-global.com)
  • http://www.nagaharu-global.com
  • Boiler rooms
27/09/2017
Nanto Sapporo Brokerage
  • http://www.nsbrokerage.com
  • Boiler rooms
05/11/2018
Neuberger & Co. Wealth Management
  • http://www.neuberger-wealth-management.com
  • Boiler rooms
10/09/2015
Newton Invest / JH Trading / RT Trading / GS Info
  • http://www.newton-invest.com
  • Boiler rooms
07/11/2016
NG-Bank, Arian Financial, Alborg Trading Inc. and Kalahouse Limited
  • http://www.ng-bank.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
Nikko Desjardins Asset Management / Xieze International Trading Limited / Gradual Investments Limited
  • http://www.nikkoholdings.com
  • Boiler rooms
09/02/2017
Nippon Holdings (Nippon Capital Asset Management), Osaka Financial, Franklin Transfer Services, Able Century Limited and Glory Jet Limited
  • http://www.nipponholdings.com
  • http://www.franklinfinancial.net
  • http://www.osakafinancial.com
  • Boiler rooms
04/05/2016
Nomura Bank (cloned firm)
  • http://www.nomura-bank.com
  • Boiler rooms
26/07/2016
Norikura-Global, Seattle Mercantile Exchange and Dalerich Ltd
  • http://www.norikura-global.com
  • http://www.stemx.org
  • Boiler rooms
10/09/2015
Novature group (www.novaturegroup.com)
  • http://www.novaturegroup.com
  • Boiler rooms
27/09/2017
NTD INVEST CORP LTD, LiveTrader and Abena Invest Ltd
  • http://www.livetrader.eu
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
OBinary Corporation
  • http://www.obinarycorporation.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/02/2015
OBmarkets
  • http://www.obmarkets.com
  • Companies offering binary options / forex products / CFD / other derivatives
11/07/2014
Offers of investment in diamonds: the FSMA warns the public against fraud!
  • http://www.4cpatrimoine.com
  • http://www.always-diamonds.net
  • http://www.blackandstones.com
  • http://www.boursocarat.com
  • http://www.capitaldiamond.be
  • http://www.capital-diamond.com
  • http://www.crown-diamonds.com
  • http://www.diamants-epargne.org
  • http://www.diamantcorporation.com
  • http://www.diamondprivilege.com
  • http://www.diamoneo.com
  • http://www.diamonstore.com
  • http://www.europatrimoine.com
  • http://www.excellencevendome.com
  • http://www.gemex-pro.com
  • http://www.gemexpro.com
  • http://www.luxydiamonds.com
  • http://www.moncoffre4.com
  • http://www.morganandjohnson.com
  • http://www.patrimoinediamant.com
  • http://www.prestige-diamant.net
  • http://www.prestige-diamant.com
  • http://www.prestige-invest.com
  • http://www.private-diamond.com
  • http://www.traditiondiamant.com
  • http://www.traditionvendome.com
  • Diamant fraud
20/12/2017
Olivier and Mann
  • http://www.olivierandmann.com
  • Boiler rooms
18/08/2017
OneTwoTrade (Up & Down Marketing Ltd)
  • http://www.onetwotrade.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Onex Busan Financial (www.oballiance.com)
  • http://www.oballiance.com
  • Boiler rooms
27/09/2017
Online Trading platforms are making new victims in Belgium
  • Companies offering binary options / forex products / CFD / other derivatives
19/02/2019
Option Bank, Fi-Corporation and Global Secure Ltd
  • http://www.option-bank.com
  • http://www.fi-corporation.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
Option-Direct
  • http://www.option-direct.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
Option500, Option Solution Group Limited and Option Solution Online Limited
  • http://www.option500.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
Optionavigator
  • http://www.optionavigator.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
OptionsXO
  • http://www.optionsxo.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
OptionXchange / Globe & co Ltd / Sterling Consultancy Options (SC-Options)
  • http://www.optionxchange.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Orix Capital Trading
  • http://www.orixtrading.com
  • Boiler rooms
18/08/2017
Oshiro Associates
  • http://www.oshiroassociates.com
  • Boiler rooms
07/11/2016