2023-09-06 09:49:00
The Financial Services and Markets Authority (FSMA) warns on Wednesday against 35 fraudulent trading platforms using aggressive methods to defraud their victims. In particular, they use fake online advertisements and mobile applications and sometimes contact consumers directly via fake social media accounts.
“These fake ads and mobile apps promote virtual currency, software or trading training. After clicking on the ad or downloading the mobile app and providing their contact information, victims usually quickly receive a of scammers who present them with a concrete investment proposal (in shares, in alternative investment products, in virtual currencies, etc.)”, explains the FSMA.
Some platforms also reach out to consumers using fake social media accounts or using WhatsApp and Telegram groups.
“These platforms act very aggressively. To appear trustworthy, they pretend to be regulated by a fake financial authority. so as to be able to make certain transfers”, adds the Financial Services and Markets Authority.
In order to avoid any fraud, the FSMA recommends that investors always check the identity of the company offering them an investment (corporate name, country of establishment, registered office, etc.). It is also possible to check whether the company in question has the required approvals, via an easy search on the FSMA website.
You should also be wary of fake companies that pretend to be existing companies.
Finally, the FSMA invites consumers to notify it in the event of contact with a suspicious company that is not yet listed. Victims are also encouraged to file a complaint with the police.
FSMA
fraude
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