News & Warnings

Finances Capital

Warnings
23/03/2017

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Finances Capital, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.

Finances Capital is not an authorized investment firm or credit institution in Belgium. It is therefore not allowed to provide banking and/or investment services in or from Belgium. The FSMA also reminds the public that in the vast majority of cases, persons who invest in firms that do not hold the requisite authorization never recover the sums invested. These are cases of investment fraud.

Furthermore, the FSMA reminds the public that since 18 August 2016, no investment firm (authorized or not) is permitted actively to distribute, within the territory of Belgium, via an electronic trading system, binary options or any other derivative instruments whose maturity is less than one hour and/or that directly or indirectly use leverage (including forex derivatives and CFDs).

Finally, apart from the highly risky investment instruments mentioned above, Finances Capital also approaches persons who have been victims of an earlier investment fraud, claiming to be able to help them recover the sums invested with unauthorized firms in the past. This practice is typical of the fraud mechanism known as a "recovery room", a type of fraud against which the FSMA published a warning on 16 March 2015. Despite the fees paid, the victims never recover the sums promised.

The FSMA thus strongly advises against responding to any offer of financial / recovery services made by Finances Capital and against transferring money to any account number it might mention.

Finances Capital uses the website www.finances-capital.com.

That website also appears on the "blacklist of sites not authorized to offer binary options" published by the French supervisory authority (AMF).

If you wish to check in general whether a proposed transaction complies with the financial legislation, please use the search function (available in French and Dutch only) on the FSMA website. You can also contact the FSMA directly via the electronic contact form.