Brussels Watchdog Exposes Unregulated Binary Options Brands
- Belgium was the first European country to outlaw the binary options industry back in 2016.

Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning against the unauthorized activities of multiple binary options brokers, that are unlawfully targeting Belgian investors.
Belgium was the first European country to outlaw the binary options industry back in 2016, citing a rising number of complaints from its citizens. Along with leveraged Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term and CFDs, Brussels completely bans binaries brokers from operating in the country.
Belgium’s financial regulator is also warning that these products are marketed aggressively, extremely risky, and often have ‘no connection to the real economy.’
The latest additions include:
- Go Capital FX (Go Capital 123 – Lancelot Equity Ltd.) (www.gocapitalfx.com - www.gocapital123.com)
- Vipwayzone (www.vipwayzone.com)
FSMA operates as a watchdog for financial trading, securities, and markets in Belgium, overseeing a variety of assets and compliance issues for traders and consumers. Today’s warning is the latest initiative in its efforts to clamp down on companies engaging in fraudulent activities.
FSMA turns eyes to cryptos
The regulator’s full list also includes companies and associations that approach victims of investment fraud claiming that, for a fee, they can help them recover the sums invested and/or the losses incurred on unlawfully operating trading platforms. This type of activity is typical of the fraud mechanism known as a recovery room.
Recently, the watchdog turned eyes to crypto firm and has therefore updated its warning list with multiple cryptocurrency platforms that are offering investments in the country without complying with Belgian financial legislation.
The investor alert represents the FSMA’s latest effort to police the rampant internet-based cryptocurrency schemes which operate in its zone.
The FSMA said it had received numerous complaints from people who hear nothing from a company after investing their money.
To get the protections offered by securities laws when trading digital assets, investors should use a platform or entity registered with the FSMA, the regulator said.
Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning against the unauthorized activities of multiple binary options brokers, that are unlawfully targeting Belgian investors.
Belgium was the first European country to outlaw the binary options industry back in 2016, citing a rising number of complaints from its citizens. Along with leveraged Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term and CFDs, Brussels completely bans binaries brokers from operating in the country.
Belgium’s financial regulator is also warning that these products are marketed aggressively, extremely risky, and often have ‘no connection to the real economy.’
The latest additions include:
- Go Capital FX (Go Capital 123 – Lancelot Equity Ltd.) (www.gocapitalfx.com - www.gocapital123.com)
- Vipwayzone (www.vipwayzone.com)
FSMA operates as a watchdog for financial trading, securities, and markets in Belgium, overseeing a variety of assets and compliance issues for traders and consumers. Today’s warning is the latest initiative in its efforts to clamp down on companies engaging in fraudulent activities.
FSMA turns eyes to cryptos
The regulator’s full list also includes companies and associations that approach victims of investment fraud claiming that, for a fee, they can help them recover the sums invested and/or the losses incurred on unlawfully operating trading platforms. This type of activity is typical of the fraud mechanism known as a recovery room.
Recently, the watchdog turned eyes to crypto firm and has therefore updated its warning list with multiple cryptocurrency platforms that are offering investments in the country without complying with Belgian financial legislation.
The investor alert represents the FSMA’s latest effort to police the rampant internet-based cryptocurrency schemes which operate in its zone.
The FSMA said it had received numerous complaints from people who hear nothing from a company after investing their money.
To get the protections offered by securities laws when trading digital assets, investors should use a platform or entity registered with the FSMA, the regulator said.