IWL Consulting (

Boiler room: a woman answers the phone

The Financial Services and Markets Authority (FSMA) warns the public against the activities of IWL Consulting, a company that offers investment services.

IWL Consulting is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium.

Moreover, according to the information available to the FSMA, the activities proposed could be of a fraudulent nature, i.e. boiler room fraud. More information on this form of fraud is available in the general warning published by the FSMA on 28 August 2023.

The FSMA therefore strongly advises against responding to any offer of financial services made by IWL Consulting and against transferring money to any account number it might mention.

IWL Consulting uses the website and the following contact details:

Address:       Asia Square Tower 2, 12 Marina View, Singapore 018961
Tel.:               +65 3163 1538

IWL Consulting has also been the subject of a warning by the supervisory authority of the United Kingdom (FCA).

Would you like to enquire more generally as to whether a transaction being proposed complies with the financial legislation? Please use the search function on the FSMA website. You can also contact the FSMA directly via the consumer contact form.