News & Warnings

Zulutoys Ltd, RBOptions and RB Secured Processing Ltd

Warnings
18/04/2016

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Zulutoys Ltd, trading under the business name RBOptions, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.

Zulutoys Ltd trading under the commercial name RBOptions, 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, Zulutoys Ltd (RBOptions), 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 Zulutoys Ltd (RBOptions) and against transferring money to any account number they might mention.

Zulutoys Ltd (RBOptions) claims to have its registered office in the Marshall Islands (Ajeltake Road, Ajeltake Island, Majuro). It uses the website www.rboptions.com and the phone number +32 11 94 82 45.

This company purportedly has ties to RB Secured Processing Ltd, a company that claims to have its registered office in Great Britain (20-22 Wenlock Road, London, NI7 GU).

The website www.rboptions.com was already the subject of a warning published by the Ontario Securities Commission on 18 March 2014 and of the British Columbia Commission on 10 January 2014.

The FSMA recommends vigilance with regard to companies such as this one that offer forex products and CFDs. 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: info@fsma.be).