The Swedish Financial Supervisory Authority (Finansinspektionen) has issued a warning about 104 new unauthorised actors that it says are using fake online trading platforms to defraud consumers. Most of the flagged entities present themselves as trading firms offering investments in shares, foreign exchange, indices or crypto-assets, typically promoting high returns, “advice” and easy deposits. FI notes that the sites can look sophisticated, with account pages and charts, and are often backed by fake reviews and testimonials, and in some cases AI-generated videos. When consumers try to withdraw funds, withdrawals are delayed, terms change or accounts are blocked, with fraudsters frequently demanding additional deposits to “unlock” money. FI also reports cases where scammers misuse FI’s name and logo to appear legitimate. FI additionally warns about “recovery” firms that approach victims offering to help retrieve funds in return for a fee, and cautions that repeat targeting suggests victim details are being shared. It advises consumers to invest only through firms listed in FI’s company register and to verify authorisation with the relevant home-country supervisor when dealing with purported international providers.
Finansinspektionen 2026-03-27
Swedish Financial Supervisory Authority warns of 104 unauthorised actors behind fake trading platforms
The Swedish Financial Supervisory Authority (Finansinspektionen) has warned about 104 unauthorised entities using fake online trading platforms to defraud consumers. These entities pose as trading firms offering investments in shares, foreign exchange, indices, or crypto-assets, often backed by fake reviews and AI-generated videos. FI also cautions against "recovery" firms that charge fees to retrieve funds and advises consumers to verify firm authorisation through FI's company register.