News & Warnings

G.M. Marketing Group Limited, Tradesolid and G.M. Software Solutions Limited

Warnings
18/04/2016

The Financial Services and Markets Authority (FSMA) warns the public against the activities of G.M. Marketing Group Limited, trading under the business name Tradesolid, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.

G.M. Marketing Group Limited, trading under the name Tradesolid, 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.

Furthermore, certain investment instruments that this company offers, i.e. binary options, are speculative and involve significant risks, with the investor in such products running the risk of losing the entire amount invested. The FSMA already published a warning in May 2014 about the risks associated with binary options.

Finally, G.M. Marketing Group Limited (Tradesolid) has not published a prospectus approved by the FSMA, as is required before any public offering of investment instruments may be made within the territory of Belgium.

The FSMA therefore strongly advises against responding to any offers of financial services or to any public offers of investment instruments made by G.M. Marketing Group Limited (Tradesolid) and against transferring money to any account number it might mention.

G.M. Marketing Group Limited (Tradesolid) claims to have its registered office in Anguilla (201 Rogers Office Building, Edwin Wallace Drive, George Hill). It uses the website www.tradesolid.com, the phone number +44 2038082011 and the email address support@tradesolid.com.

G.M. Marketing Group Limited (Tradesolid) apparently has ties to the company G.M. Software Solutions Limited (Suite 368, 2 Lansdowne Row, London, W1J 6HL, UK).

According to the information available to the FSMA, the Belgian financial consumers who invested with this company have to date been unable to recover the sums invested.

The FSMA recommends vigilance with regard to companies such as this one which offer binary options or other risky investment instruments. Always verify that any company which is offering you financial services has the requisite authorization. For more recommendations, please consult the general warning published by the FSMA on 18 April on its website. 

If you wish to check in general whether a proposed transaction complies with the financial regulations, please use the search function (available in Dutch and French only) on the website of the FSMA. You can also contact the FSMA (email address: info@fsma.be).