The Financial Services and Markets Authority (FSMA) warns the public against the activities of Option500, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.
Option500 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.
Moreover, 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, Option500 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 Option500 and against transferring money to any account number it might mention.
Option500 claims to have its registered office in the United Kingdom (NWMS Center 31 Southampton Row, Office 3.11, 3rd Floor, London, WC 1B 5HJ). It uses the website www.option500.com, the phone number +44 2036958189 and the email address firstname.lastname@example.org.
It appears from its website that Option500 has ties to the companies Option Solution Group Limited (3rd floor, C&H Towers, corner of Great Marlborough and Great George St., Roseau, 00152, Commonwealth of Dominica) and Option Solution Online Limited (20-22 Wenlock Road, London, England, N1 7GU). Like Option500, the latter companies do not have the authorization required to offer investment services in or from Belgium and do not have a prospectus approved by the FSMA.
On 5 October 2015, this company was the subject of a warning published by the Cyprus Securities and Exchange Commission (CySEC).
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 2016 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: email@example.com).