Belgian Regulator Updates List of Unauthorized Brokers

The Belgian Financial Services and Markets Authority (FSMA) has updated the list of unauthorized brokerages on its website. The watchdog has been at the forefront of the fight of European regulators against companies that are soliciting clients from the region illegally.

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The list which the FSMA is keeping on its website is regularly updated with the names of the latest firms which are deemed highly risky for clients. Looking at the new additions we are spotting several binary options broker brands.

In alphabetical order:

Binat Ltd under https://proinvest.trade

Broker Financial Ltd operating www.invest-option.com

Central Option and Central Provider Ltd which are the firms behind www.centraloption.com

GN Capital Ltd which owns www.pwrtrade.com

Graham International Ltd which is the owner of https://proinvest.trade

Invest-Option which has the www.invest-option.com brand

Proinvest which is the company behind https://proinvest.trade and the owner of www.pwrtrade.com , PWRTrade.

The regulator also highlighted a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term company called Sterling Consultancy Options Ltd.

The Belgian authorities are amongst one of the more vigilant European regulators when it comes to maintaining a blacklist. The local watchdog is in tandem with the French Autorité des Marchés Financiers to tackle the issues on the market such as unregulated binary options firms operating all over Europe.

With the French authorities recently persuading the country's parliament to vote on a law that bans the advertisement of highly risky products including 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 tradi 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 tradi Read this Term and binaries, the Belgian watchdog could move on to attempt to limit the access of illegal operators to the Belgian market.