News & Warnings

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

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

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

The FSMA thus strongly advises against responding to any offer of financial service made by TorOption 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.

TorOption uses the website and the following coordinates:

Address : Smart Choice Zone LP, 272 Bath Street Glasgow, G2 4JR, Scotland

E-mailĀ :

Tel. : +44 2035192667, +44 2030311057 and +44 203 60 24 96

It also uses a bank account which it claims was opened in the name of ETF Global Limited.

TorOption has already been the subject of a warning by the Spanish supervisory authority (CNMV).

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