FSMA (Belgium): more FX companies on the blacklist

Capital Pilots (www.capitalpilots.com)

Marketcapital (www.marketcapital.co)

Stock Global (www.stockglobal.com)

Trendinggraphs (Premium Systems) (www.trendinggraphs.com)

Reason for warning, from FSMA’s note:

Any company wishing to offer investment products must hold an authorization.

Furthermore, the FSMA reminds the public that since 18 August 2016, no investment firm (authorized or not) is permitted actively to distribute binary options, certain forex products or CFD’s within the territory of Belgium.

The actors that are the subject of this warning do not comply with the relevant rules.

Moreover, consumers who have invested in these firms never recovered their money. Therefore, such activities most likely constitute a case of investment fraud.

Link to the warning on the FSMA website.