Belgian FSMA warns against dozens of fraudulent online trading platforms
During the last weeks, Belgium’s FSMA continued to receive complaints from consumers concerning fraudulent online trading platforms.
During the last weeks, Belgium’s FSMA continued to receive complaints from consumers concerning fraudulent online trading platforms.
Belgium’s FSMA warns that victims of investment fraud run the risk of being swindled for a second time.
During H1 2021, FSMA received 1,087 reports by consumers concerning fraud and unlawful offers of financial products.
In 2020, Belgium’s FSMA received 474 reports about fraudulent schemes, involving trading in FX, CFDs and binary options.
Belgium’s FSMA has added 14 new names to the list of illicit online trading firms targeting investors.
FSMA warns against 12 fraudulent online trading platforms that are operating in the Belgian market.