The Belgian Financial Services and Markets Authority (FSMA) continued to receive complaints from consumers about new fraudulent trading platforms operating in the Belgian market.

Several new trading platforms have appeared on the Internet in recent weeks.

FSMA strongly advises against responding to any offers of financial services made by the following trading platforms:

  • 7 solutions (
  • AES (www.aestotal.com);
  • Appex Finance (
  • Trade ARP (
  • Audemars Group (
  • Bitbinx (
  • Bitgetinvest (
  • Cap Traders (
  • Market capital B (
  • Coinex.la (cloned company ?
  • CorsairControl (
  • Cryptomerge (
  • Dax-Financial (
  • DBG Investment (Clone Company;
  • Direct share (
  • ECTraders / ECdgTraders (
  • Elbitrader (
  • Emarket-24 (
  • EMG Prime (
  • E-Secure.io (
  • Earnings ETH (
  • Extonglobal (
  • Financewise (www.financewise.cc);
  • FortunaInvest (cloned company ?
  • FutureBTC (
  • FXP360 (
  • Gastrade (
  • Gateway Capital CG/Capital Gateway CG (
  • Global ICM (cloned company; global-icm.com; glbl-icm.com);
  • Global Mining Hub (
  • Invox Trade (
  • KTXENR (
  • LPL Financing (spawned company)
  • MetaSwissX (
  • NFG Finance (
  • Obcai (
  • Omers Finance (cloned company,
  • Chapter Search (
  • how much (
  • Security (
  • SSC Investment (www.sscinvestment.com);
  • Tangent capital (
  • Terallix (www.Terallix.com);
  • Terrarobo (
  • Tools4deals (
  • Topeu (www.topeu.com);
  • Traderup (
  • Tradespeck (www.tradespeck.com);
  • Truemarket Trading (
  • Trustbit (
  • Trustly (cloned company.
  • Wise-Markets (
  • Wisevests (

These trading platforms try to pique consumer curiosity by placing scam ads on social media or online video platforms. In these fake ads, a (famous) person often explains how to get rich quick.

Such trading platforms also sometimes use mobile apps to lure victims. These fake ads or mobile apps often offer a virtual currency, trading software, or an educational program. After clicking on the ad or downloading the mobile app and providing their contact information, victims are usually quickly called by scammers presenting a specific investment proposition (in stocks, alternative investment products, virtual currencies, etc.).

Other trading platforms communicate with consumers through dating apps and fake social media accounts. In addition, many trading platforms use WhatsApp and Telegram.

The FSMA notes that many fraudulent trading platforms offer consumers a so-called ‘affiliate programme’. These programs show signs of a pyramid scheme.

These platforms act very aggressively. They often claim to hold an authorization from a fake financial authority, displaying it so that they appear trustworthy. Scammers even try to convince victims to allow them to take control of their computer remotely in order to make certain money transfers. Fraudsters also try to convince victims to invest more and more money. They also make promises of repayment in exchange for a final money transfer. This is a technique to collect even more money from their victims.

Victims who agree to do so complain in particular of:

  • finding they cannot recover their money, or
  • they just don’t hear from the platform they have invested their money with.

These are possible cases of investment fraud. Fraudsters not only act without the necessary authorizations, but also divert investors’ funds. In such cases, investors cannot recover their money because these illegal service providers are generally located abroad.


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