The Belgium Financial Services and Markets Authority (FSMA) issued a renewed warning about fraudulent online trading platforms that lure consumers with promises of quick, easy profits, including “invest with AI and become rich” offers starting from around EUR 250. The regulator cautioned that these operations are often sophisticated scams that can result in significant losses and expanded its list of flagged platforms. The FSMA described common approaches used by fraudsters, including celebrity-linked advertisements, “recruitment” websites, fake social media or dating profiles, and misdirected messages via SMS or messaging apps. After a small initial deposit, victims may be encouraged to allow remote access to their device, and trading results are then manipulated to show fictitious gains before pressure tactics are used to extract more funds; withdrawals are ultimately blocked using pretexts such as taxes or fees before the platform disappears. The FSMA highlighted Jexoro and Trilox AI as websites putting consumers in contact with fraudulent trading platforms and advised against responding to offers from 1Swiss, AIO Markets, BCHWorld, Crownet, DaxFinances, Fintiwall, Finveste-markets, GlobalTargetFX, Index Traders, Markets Yield, Megacix, Pips-Mastery, Profit Wave, Rise Spark Solution, Seriaglobal, Soft Complex, Soros Trading or Trading Soros, Trade-Trends, Vixacapital and Xeodis, as well as several “clone” sites impersonating Bitrue, Interactive Broker, Profititerra and Silverfleet Capital. For suspected or confirmed victims, the FSMA recommended stopping all transactions, breaking off contact, notifying their bank, reporting the fraud to the FSMA and the police, and preserving evidence of communications and transactions. It also warned against “recovery room” scams and encouraged consumers to use its “Check your provider” tool to verify authorisations.
Belgium Financial Services and Markets Authority 2025-05-15
Belgium Financial Services and Markets Authority warns on EUR 250 AI investment pitches and adds multiple trading websites to its fraud list
The Belgium Financial Services and Markets Authority (FSMA) renewed its warning about fraudulent online trading platforms promising quick profits, often using tactics like celebrity-linked ads and fake profiles. The FSMA flagged platforms such as Jexoro and Trilox AI, advising against engaging with others, including clone sites impersonating legitimate firms. Victims are urged to cease transactions, contact their bank, report to authorities, and use FSMA's verification tool to avoid scams.