File a Complaint Against
Fraudulent online trading platforms
Know Your Options and Recover Your Funds
Caution Investors Fraudulent online trading platforms – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Beware of these new fraudulent trading platforms
The Financial Services and Markets Authority (FSMA) has issued a warning against several new fraudulent trading platforms that are operating in the Belgian market[2][3][4]. These trading platforms try to arouse consumers’ curiosity by placing scam ads on social media or online video platforms. They are most likely cases of investment fraud, where fraudsters act without the necessary authorizations and divert the investors’ funds. In such cases, investors are unable to recover their money because these illegal service providers are generally located abroad.
The FSMA strongly advises against responding to any offers of financial services made by the following new trading platforms:
– Amos Limited (https://amoslimited.co/, https://am-s.cc/login)
– Binetrix (www.binetrix.com)
– Bitmarket Trader (https://bitmarket-trader.com/)
– BT Invest (https://b-tinvest.com)
– BTYEX (https://btyex.co/)
– Buycryptomarket (https://www.buycryptomarket.com)
– CapitalBMarket (https://capitalbmarket.com/)
– CED Capital Ltd (cloned firm) (https://www.cedcapitalltd.com/)
– Coinex-VIP (https://www.coinex-vip.com/)
– Crypto-Tech (https://crypto-tech.io)
– Crystals Capitals (https://crystalscapitals.info/; https://crystalscapitals.com/)
– EconomyPair (https://economypair.com/, https://ecnmpair.com/)
– ETOFXOPTIONS / ACAFXOPTIONS (https://www.etofxoptions.com/, https://www.etofx.cc/)
– Financeslab (https://financeslab.com/, financeslab.org, financeslab.net)
– Gainful Markets (https://gainfulmarkets.com/, https://platform.gainfulmarkets-tech.com/, https://gainful-markets.com/)
– Intellect trades (www.intellecttrades.org)
– Investwise (https://investwise.cc/)
– MarketsInvest (https://marketsinvest.net, https://marketsinvest.com)
– Megainvestco (https://www.megainvestco.com/)
– MGM Global (https://mgmglobal.com/)
– Mondial Investments (cloned firm) (https://www.mondialinvestmentsltd.vip, https://www.mondialinvestmentsltd.com)
– Mtcapitals (www.mtcapitals.ai, www.mtcapitals.com)
– Opticapital (https://opticapital.com/, www.opticapital4.com)
– Otrade (https://otrade.io/; http://ptrade.io/)
– Phoenixtb (https://www.phoenixtb.io, https://webtrader.phoenixtb-platform.com)
– Pioneer Markets (https://pioneer-markets.net/)
– Platinum-Markets (https://platinum-markets.com/)
– Primenox (https://primenox.com/)
– Statehills (http://www.statehills.com/)
– Swiss-win (https://swiss-win.com/)
– Tradercode (https://tradercode.com/, https://trader-code.com/)
– Tradingexpo (www.tradingexpo.net)
– TRC (https://trcl0.com/mobile/about.html, https://trc1o.com/mobile/index.html)
– Universy invest (https://universyinvest.com/)
– Upstream Market (https://upstream-market.com/)
Regulation and Compliance
The FSMA is the regulatory authority for financial services in Belgium. It is responsible for supervising financial institutions and ensuring that they comply with the relevant laws and regulations. The FSMA has issued a warning against the above-mentioned trading platforms and strongly advises against responding to any offers of financial services made by them[2][3][4].
Customer Reviews
There are no customer reviews available for these trading platforms as they are fraudulent and illegal. Investors are advised to be cautious and not to respond to any offers of financial services made by these platforms.
Products and Services
These fraudulent trading platforms offer a wide range of financial products and services, including stocks, forex, indices, commodities, and cryptocurrencies[1]. However, investors should be aware that these platforms are not authorized to provide financial services and are most likely fraudulent.
Location
Most of these fraudulent trading platforms are located abroad, making it difficult for investors to recover their money in case of fraud[2][3][4].
Customer Service
These fraudulent trading platforms may have customer service representatives who are trained to convince investors to invest more money. However, investors should be aware that these representatives are most likely fraudsters and should not respond to their offers.
Conclusion
Investors should be cautious and not respond to any offers of financial services made by the above-mentioned trading platforms. They should also be aware that investment fraud is a serious crime and can result in the loss of their hard-earned money. If investors have any doubts or concerns, they should contact the FSMA using the consumer contact form and file a complaint with the local police or with the judicial authorities.
Citations:
[1] https://amoslimited.co
[2] https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-1
[3] https://www.fi.ee/sites/default/files/2023-06/Beware%20of%20these%20new%20fraudulent%20trading%20platforms%20_%20FSMA.pdf
[4] https://www.cnmv.es/WebServices/VerDocumento/Ver?e=y4Vpdf4%2FVK%2FlKjVpNL%2B%2FqZRhKt4zrKRk%2BadjnKQKZygpZvB3IV0JLjfIo7PF237R
