Belgium (The Brussels Morning Newspaper): The FSMA is cautioning against deceitful trading platforms which promise quick profits to investors. Swindlers employ various tactics to mislead victims, thus causing major financial losses.
One of these dubious platforms is mentioned in a list released by The Financial Services and Markets Authority (FSMA) while cautioning individuals against accepting any offers thereto. Websites associated with satirical brokers are listed on fsma.be, the official FSMA website. However, the Authority warned that they could also be inviting new investors for them to make quick cash, which turns out to be very advanced frauds leading to significant monetary damage.
Are fraudulent trading platforms using aggressive tactics to scam investors?
Fraudsters are reaching out to people using different tricks like fake news about celebrities, online ads, fake social media accounts, dating apps and even messages on WhatsApp and texts. The authority says these platforms will promise you huge profits quickly but those promises are usually too good to be true. People are told to sign up on a platform and deposit money into their trading account, starting with a small amount. Sometimes scammers offer to assist victims in signing up by taking control of their computer remotely, using viruses and spyware.
Your account will indicate that you made gains on your invested cash after depositing funds but in actuality, they have not invested your money. Scammers then make it hard for people to withdraw any real profits supposedly made from their “investments”. The phony bait vanishes along with the entire pool of investors’ dollars. Stop engaging or communicate with them if you suspect it was a false trading scheme immediately report the fraud to your bank and law enforcement agencies. Preserve all correspondence exchanged with the platform as proof. Be wary of “recovery rooms” where scammers ask for payment in order to return what you lost in trading.
