Belgian FSMA Issues Warning Against 15 Forex And Binary Options Brokers
The FSMA has issued a warning to the public against a list of brokers engaging in unlawful activities in Belgium.

Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning once again urging the public to be cautious about the activities of a list of companies operating illegally within Belgian territory. Most of these concern binary options and forex products, CFD sectors and recovery rooms.
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The illegally operating companies against which the Belgian watchdog has warned the public are as follows:
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The companies listed above are not authorised investment firms or credit institutions in Belgium and are therefore not allowed to provide banking or investment services in the country.
In addition, many trading platforms for binary options, forex products and CFDs operated by the companies listed are, despite the appearance of being serious firms, used by fraudsters who are not only acting without the requisite authorisation but are misappropriating the funds invested.
The FSMA has strongly advised against responding to any offers of financial services or to any public offers of investment instruments made by these companies.
In its capacity of supervising the financial markets regarding compliance with the required rules and regulations, the FSMA has issued a series of warnings in recent years. Its latest warning is the latest initiative in its efforts to clamp down on companies engaging in fraudulent activities.
I’m a Belgian citizen and for a while I thought I wasn’t allowed to trade forex online anymore. Just recently I took a closer look at this matter and now it’s clear that Belgian citizens ARE still allowed to trade forex. Forex trading for Belgians isn’t forbidden, only the commercialization of forex/binary options/etc. products in Belgium (by ‘brokers’) is prohibited by this new Belgian law. https://www.fsma.be/en/faq/fsma-regulation-governing-distribution-certain-derivative-financial-instruments-binary-options [Does this Regulation mean that from now on no Belgian can ‘speculate’ on binary options or forex instruments? The Regulation is addressed to the providers of such instruments, and not to the Belgian consumers.… Read more »