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 ascending Website Type of fraude Date
Zulutoys Ltd, RBOptions and RB Secured Processing Ltd
  • http://www.rboptions.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
Yamaguchi Laurentian Securities
  • http://www.ylsinternational.com
  • Boiler rooms
20/09/2018
YA&Co Capital limited, CO&H limited and CEA Finance
  • http://www.brokerinternationalbank.com
  • http://www.ceafinance.net
  • Companies offering binary options / forex products / CFD / other derivatives
19/12/2014
XP Markets
  • http://www.xpmarkets.com
  • Companies offering binary options / forex products / CFD / other derivatives
22/08/2014
XFRoptions, XFR Finance Ltd and BFM International Ltd
  • http://www.xfroptions.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
XFR Financial (Cloned Firm) (E New SP Z.O.O.)
  • http://www.xfr-financial.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Worldwide Financing Group
  • http://www.worldwidefinancinggroup.com
  • Boiler rooms
18/07/2018
Woori Bridgewater Brokerage
  • http://www.wbbmanagement.com
  • Boiler rooms
07/06/2017
Williams Corporation Ltd (MPT Max/My Private Trade)
  • http://www.mptmax.com
  • Companies offering binary options / forex products / CFD / other derivatives
02/07/2015
William Paulstern / Camdan Limited
  • http://www.williampaulstern.com
  • Boiler rooms
09/02/2017
White-Miller Associates
  • http://www.white-miller-associates.com
  • Boiler rooms
27/02/2015
Westward Holdings
  • http://www.westwardholdings.com
  • Boiler rooms
18/08/2017
West Pacific Dealers
  • http://www.west-pacific-dealers.com
  • Boiler rooms
05/04/2017
Warrington Shaw
  • https://www.warringtonshaw.com
  • Boiler rooms
08/01/2019
Warning against new cryptocurrency trading platforms
  • http://www.1st-cryptobank.com
  • http://www.bitc-international.com
  • http://www.boursebitcoin.com
  • http://www.ccg-investment.com
  • http://www.crownmanagers.com
  • http://www.crypto.bnd-group.com
  • http://www.crypto-access.com
  • http://www.cryptofrancecapital.com
  • http://www.cryptorama-bank.com
  • http://www.cryptos-marketplace.com
  • http://www.cryptowallet24.com
  • http://www.e-cryptoney.com
  • http://www.ecrypto-international.com
  • http://www.emarketstrade.com
  • http://www.executivecrypto.com
  • http://www.fair-oakscrypto.com
  • http://www.fast-coin.eu
  • http://www.globalmarkets-group.com
  • http://www.ldc-crypto.com
  • http://www.lgsinvestpartners.com
  • http://www.london-exchange.com
  • http://www.minedecrypto.com
  • http://www.mondial-investissement.com
  • http://www.placementcrypto.com
  • http://www.primecryptobank.com
  • http://www.truetrade-capital.com
  • http://www.vechain-wallet.com
  • http://www.wallet-coins.com
  • Cryptocurrency
04/09/2018
Wallace Associated Inc.
  • http://www.wallaceassociatesinc.com
  • Boiler rooms
07/11/2016
Waldmann Asset Management / Cardan Limited / Cedan Limited / Grandwic Limited / Leston Limited / Manrich Limited / Mutual Hope Limited / Oxred Limited / Tricorp Limited
  • http://www.waldmann-asset-management.net
  • Boiler rooms
07/11/2016
Wainwright Marks Management
  • http://www.wainwrightmarks.com
  • Boiler rooms
05/11/2018
Voth Nixon Group
  • http://www.vnxgroup.com
  • Boiler rooms
16/12/2015
VIP Markets
  • http://www.tp-markets.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Versailles Finances and Globstate Assets Holdings Limited
  • http://www.versaillesfinances.com
  • Companies offering binary options / forex products / CFD / other derivatives
25/09/2015
United Global Trading
  • Boiler rooms
11/12/2014
Union Finances
  • http://www.union-finances.com
  • Credit fraud
06/02/2019
Ubinary
  • http://www.ubinary.com
  • Companies offering binary options / forex products / CFD / other derivatives
11/07/2014
TSB Wealth
  • https://paul-smith-94n4.squarespace.com
  • http://www.tsb-wealth.com
  • Boiler rooms
05/11/2018
Triumph Option
  • http://www.triumphoption.com
  • Companies offering binary options / forex products / CFD / other derivatives
11/07/2014
Trebol Trading LLC
  • http://www.tt-fx.us
  • Companies offering binary options / forex products / CFD / other derivatives
11/03/2014
Tradmaker
  • http://www.tradmaker.com
  • Companies offering binary options / forex products / CFD / other derivatives
22/08/2014
Trading Technologies Ltd and Consorfx
  • http://www.consorfx.com
  • Companies offering binary options / forex products / CFD / other derivatives
18/04/2016
TradeV
  • http://www.tradev.com
  • Companies offering binary options / forex products / CFD / other derivatives
01/12/2017
Trade24 (Trade 24)
  • http://www.trade-24.com
  • Companies offering binary options / forex products / CFD / other derivatives
01/12/2017
Trade Invest 90
  • Companies offering binary options / forex products / CFD / other derivatives
28/09/2017
Tradaxa
  • http://www.tradaxa.com
  • Companies offering binary options / forex products / CFD / other derivatives
22/08/2014
Tp-Markets (Hubstone Holdings Ltd)
  • http://www.tp-markets.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Toshikatsu Group
  • http://www.toshikatsu-group.com
  • Boiler rooms
07/06/2017
TorOption
  • http://www.toroption.com
  • Companies offering binary options / forex products / CFD / other derivatives
16/08/2017
Toronto Sumitomo Trading International (TST International)
  • http://www.tstinternational.com
  • Boiler rooms
07/06/2017
Tokai National Partners (www.tnpsecurities.com)
  • http://www.tnpsecurities.com
  • Boiler rooms
27/11/2017
TJB Trading
  • Companies offering binary options / forex products / CFD / other derivatives
11/04/2014
Time Binary
  • http://www.timebinary.com
  • Companies offering binary options / forex products / CFD / other derivatives
22/08/2014
Thornwood Financial / Long Will Limited
  • http://www.thornwoodfinancial.com
  • Boiler rooms
09/02/2017
The FSMA warns the public against the website www.banque-eni.com
  • Others
22/12/2017
The FSMA warns the public against the fraudulent activities of Loan Syndicate - LSNetbank
  • Credit fraud
07/12/2017
The FSMA warns the public against the activities of I² Investments
  • Others
25/10/2017
The FSMA warns the public against the activities of International Markets Live LTD (Imarketslive)
  • Companies offering binary options / forex products / CFD / other derivatives
25/01/2018
The FSMA warns the public against the activities of GTX Options
  • http://www.gtxoptions.com
  • Companies offering binary options / forex products / CFD / other derivatives
13/07/2018
The FSMA warns the public against the activities of GTI Net (Global Trading and Invest Network)
  • Ponzi schemes / Pyramid schemes
14/11/2017
The FSMA warns the public against the activities of Finesco Limited
  • https://www.finesco.pro
  • Credit fraud
14/03/2019
Tenjin & Associates
  • http://www.tenjinassoc.com
  • Boiler rooms
16/12/2015
Tatsuno International
  • http://www.tatsunointernational.com
  • Boiler rooms
09/02/2017

Pages