News & Warnings
Warnings
10/09/2018

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Spot2trade, a company that offers investments without complying with Belgian financial legislation.

Spot2trade is not allowed to provide banking and/or investment services in or from Belgium.

Furthermore, since 18 August 2016, no investment firm (authorized or not) is permitted to distribute actively, within the territory of Belgium, binary options or certain other derivative instruments. Specifically, the instruments concerned are derivatives whose maturity is less than one hour and/or that directly or indirectly use leverage (including forex derivatives and CFDs).

The FSMA therefore strongly advises against responding to any offer of financial service made by Spot2trade and against transferring money to any account number it might mention.

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.

Spot2trade uses the website https://spot2trade.com (now offline) and the following contact details:

Address: Portman Square, Green St 14 33W1H 6BG London, United Kingdom

Email: support@spot2trade.com

Tel.:+44 865231458, 02038085573

Spot2trade has already been the subject of a warning by the supervisory authority of Italy (Consob), by the supervisory authority of Austria (FMA) and 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.