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
Owpremium
  • http://www.owpremium.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Pacific chiba trust (www.pctmanagement.com)
  • http://www.pctmanagement.com
  • Boiler rooms
27/09/2017
Parkwell & Company Inc.
  • http://www.parkwellcompany.com
  • Recovery rooms
07/11/2016
PBN Capital (Capital Tech Ltd / Pbox Ltd)
  • https://pbncapital.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/02/2019
Peston & Sons Securities
  • http://www.peston-sons-securities.com
  • Boiler rooms
10/09/2015
Plea (UK) LIMITED, GMTInvest and Redlane Ltd
  • http://www.gmtinvest.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
Premier Capital Group
  • http://www.premiercapitalgrp.com
  • Recovery rooms
29/09/2017
Prestige Banq
  • http://www.prestigebanq.com
  • Companies offering binary options / forex products / CFD / other derivatives
20/02/2014
Prestige Equity and Pro-Nice Limited
  • http://www.prestigeequity.com
  • Boiler rooms
16/12/2015
Prime FMS
  • http://www.primefms.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
Privilege Trading
  • http://www.privilegetrading.com
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
Pro-Binary
  • http://www.Pro-Binary.com
  • Companies offering binary options / forex products / CFD / other derivatives
10/10/2014
Questra Holdings
  • Ponzi schemes / Pyramid schemes
23/09/2016
Questra Holdings / Questra World / Atlantic Global Asset Management
  • Ponzi schemes / Pyramid schemes
27/04/2017
Questra Holdings / Questra World / Atlantic Global Asset Management
  • Ponzi schemes / Pyramid schemes
18/07/2017
Red Shield Financial / Rong Aviva Limited
  • http://www.redshieldfinancial.com
  • Boiler rooms
09/02/2017
Redford Option
  • http://www.redfordoption.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Reed Cavendish Wealth Management
  • http://www.reedcavendish.com
  • Boiler rooms
05/11/2018
Resona Dai-Ichi Group
  • https://rdgfinancial.com
  • Boiler rooms
08/01/2019
Royal Broker and G.O. LIMITED
  • http://www.royal-broker.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/02/2015
Royal De Bank / Sequoia Markets
  • http://www.royaldebank.com
  • Companies offering binary options / forex products / CFD / other derivatives
10/10/2014
Royston Carr Asset Management
  • http://www.roystoncarr.com
  • Boiler rooms
05/11/2018
Rubin Dunn
  • http://www.rubin-dunn.com
  • Boiler rooms
09/02/2017
RWM Holdings
  • http://www.rwmholdings.com
  • Boiler rooms
05/11/2018
S&B Seven Ltd, Binareo and HSB Group Ltd
  • http://www.binareo.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
Saga Nagoya Securities
  • http://www.snscredit.com
  • Boiler rooms
05/11/2018
Saito Mergers & Acquisitions
  • http://www.saitomergers.com
  • Boiler rooms
27/02/2015
Sapporo International (www.sapporointernational.com)
  • http://www.sapporointernational.com
  • Boiler rooms
27/11/2017
Schalom and Gerson / S.G. Finance SPRL
  • http://www.schalomandgerson.com
  • Boiler rooms
15/03/2018
Service Qualité des Plateformes Boursières (SQPB)
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
Shaw, Edwards, Emmerson & Knight
  • http://www.seek-llc.net
  • Recovery rooms
07/11/2016
Shinsei Securities
  • http://www.shinseisecurities.com
  • Boiler rooms
20/09/2018
Shinshiro International and Brilliant Sheen Limited
  • http://www.shinshirointernational.com
  • Boiler rooms
16/12/2015
Shtern Group
  • http://www.shterngroup.com
  • Companies offering binary options / forex products / CFD / other derivatives
01/12/2017
Sigma Capital Advisors and Ridgewood Securities
  • Boiler rooms
28/07/2014
Sino Link Japan / Mypal International Co, Limited / Bai Xin Cheng Limited
  • http://www.sinolinkglobal.com
  • Boiler rooms
05/04/2017
Sisma Capital Ltd / Broker&Co
  • http://www.brokerandco.com
  • Companies offering binary options / forex products / CFD / other derivatives
10/10/2014
Sky Marketing
  • http://www.sky-marketing.com
  • Boiler rooms
18/07/2018
Sky Way CPA & Co.
  • http://www.skyway-cpa.com
  • Recovery rooms
29/09/2017
Skyoptions, Tradignition, London Capital Group (Cloned firm) and Fortune 2014 LTD
  • http://www.tradignition.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
SLS Trade
  • http://www.slstrade.com
  • Companies offering binary options / forex products / CFD / other derivatives
01/12/2017
Social Generated Province Banking
  • http://www.sgpbb.com
  • Credit fraud
06/02/2019
Solar Courtage
  • Credit fraud
13/05/2016
Spot2trade
  • https://spot2trade.com
  • Companies offering binary options / forex products / CFD / other derivatives
10/09/2018
Sterling Consultancy Options Ltd (cloned firm) / SC-Options
  • http://www.sc-options.com
  • Companies offering binary options / forex products / CFD / other derivatives
09/08/2016
Stock Binary (cloned firm) and STB
  • http://www.stock-binary.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
Suisse Option (Primary Stream Limited)
  • http://www.suisseoption.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Sumitomo Gunma Holdings
  • http://www.sghtrading.com
  • Boiler rooms
20/09/2018
Swiss Capital Invest (Swiss Capitalinvest / Swiss-CapitalInvest) / Atlasreference Unipessoal LDA
  • http://www.swiss-capitalinvest.com
  • Companies offering binary options / forex products / CFD / other derivatives
23/03/2017
Swiss Investment (cloned firm), Global Capital Ltd and T.T.F
  • http://www.investmentswiss.com
  • http://www.swisspartners-ag.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016