Belgium’s FSMA adds more names to list of fraudulent online trading platforms
Belgium’s Financial Services and Markets Authority (FSMA) today added more entries to the list of fraudulent online trading platforms that investors should stay away from.
During the last weeks, the Belgian regulator continued to receive complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market. Let’s note that the majority of these new entities offer services related to cryptocurrencies.
The approach remains the same. These trading platforms try to lure consumers via scam ads on social media. In these fake ads, a well-known person often explains how to get rich quick. These methods or projects often form part of the offer of a virtual currency or training course. After clicking on the ad and having given their contact details, the victims are usually swiftly called by fraudsters presenting a concrete investment proposal (in shares, alternative investment products, cryptocurrencies, etc.).
The staff of these firms act very aggressively. Scammers even try to persuade the victims to allow them to take control of their computer remotely in order to make certain money transfers. The fraudsters also try to convince the victims to invest increasingly higher amounts of money.
Recently, these platforms have even hacked into user profiles on social media in order to further spread the aforementioned fake ads.
The FSMA is aware of the following new fake-ads and websites that refer to subsequent projects and training courses:
- Bitcoin Buyer
- Bitcoin Prime (www.bitcoinprime.net)
- Immediate Edge (www.immediate-edge.co)
Moreover, various new trading platforms have appeared on the Internet in recent weeks.
The FSMA therefore strongly advises against responding to any offers of financial services made by the following new trading platforms:
- BitCapitals (www.bit-capitals.com)
- Brokerunity (www.brokerunity.com)
- Bubblext (www.bubblext.com)
- Cryptenix (www.cryptenix.com)
- FDI Funds (www.fdifunds.com)
- Financial Reserve Capital Management (www.financereserve.com)
- GCG International (www.gcginternational.net)
- GFX Royal (www.gfxroyal.com)
- Global CTB (www.globalctb.com)
- Migotrade (www.migotrade.com)
- Safe IG (www.safeig.com)