The Financial Services and Markets Authority (FSMA) warns the public against the activities of Swiss Royal Banc and SRB Group, companies that offer binary options without complying with Belgian financial legislation.
Neither Swiss Royal Banc nor SRB Group is 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 services made by Swiss Royal Banc and/or SRB Group and against transferring money to any account number they 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.
Swiss Royal Banc uses the website www.swissroyalbanc.com and provides the following contact details:
Address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Tel.: +44 203 807 3501
SRB Group, which has taken over from Swiss Royal Banc, uses the website www.srbgroup.com and the following contact details:
Tel.: +44 203 807 5787
It also uses a Polish bank account which it claims was opened in the name of Moneynetint Ltd.
Swiss Royal Banc has already been the subject of a warning by the Swiss supervisory authority (FINMA).
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.