Dozens of Fraudulent Trading Platforms Exposed in Latest FSMA Alert

The Belgian Financial Services and Markets Authority (FSMA) has issued a renewed warning about the growing threat posed by fraudulent online trading platforms, which continue to lure investors with promises of quick and unrealistic profits.

FSMA highlighted a list of recently flagged fraudulent trading platforms and associated entities:

Platform	Website(s)	Website Page(s)
AIFinAber / AIquantaber / Aberdeen Investments (Clone)	/	/
Arlequin Finance (Clone)	arlequininvest.io	/
Avlitex	avlitex-global.com	/
Axioncoins	axioncoins.com
Benzaten	m.benzaten.com, benzaten.com
Ethena Invest	ethenainvest.com
Exventor	exventor.com	/
Financial Consult Company (Clone)	fccompany.pro
Finstera	finstera.com	/
Fintrex	fintrex.net, infintrex.com	/
Fintxpert	fintxpert.com	/
Gino Group	gino-group.com	/
Glencoretrade	coremainsite.com, glencoretrade.io, mainsitecore.com
Goldmaxis	goldmaxis.com	/
HighApexPlanning	highapexplanning.com
ICM212	icm212.com	/
Index Mastery	index-mastery.com
Millennium trading	millennium-trading.net	/
MT5itrader / MetaQuotes (Clone)	mt5itrader.com	/
MTS Foundation / ToFro	mts-foundation-usa.com, tofro.com
Nexus Trade	nexustrade.company
Novixgrade	cfd.novixgrade.info, cfd.novixgrade.cfd, cfd.novix-grade.net, cfd.novixgrade.co, novixgrade.center, novixgrade.com	/
Nx Partners (Clone), Nx Stock	nxstock.com	/
Optira FX	optirafx.com	/
OrbiMount	orbimount.io, trade.plf-tchb.com
Raliplen	raliplen.com	/
RiseProfitFx	riseprofitfx.net	/
RoboBroker	robobrokerltd.com
Smart+ / SBC Smartfund Limited	smartplus.inc
Startwaypro	startwaypro.com
Suisseberg	suisseberg.com	/
Trade AI	trade-ai.org
U3coin	u3coin.com
Ufunded	ufunded.com
XYZTrade	xyztrade.io
Flash Deal Academy	flashdealacademy.com	/
NeuroTradeX	neuro-tradex.com, neurotradexplatform.com

The regulator also outlined the tactics fraudsters use to ensnare victims, including:

• Fake celebrity-endorsed advertisements
• Deceptive recruitment websites
• Fake profiles on social media or dating apps
• Accidental SMS/WhatsApp messages
• Investment invitations from seeming acquaintances promising high returns

How the Scams Unfold

Victims are typically structured to start with small deposits (e.g., €250) on platforms. In some cases, scammers remotely access victims’ devices under the guise of “assisting with transfers,” often installing malicious software.

Once funds are deposited, scammers manipulate dashboard data to reflect false profits, pressuring victims to invest more through repeated phone calls, time-limited offers, or threats. While victims may be allowed to withdraw small sums early on, larger withdrawal requests are blocked using fee excuses such as high costs and taxes.

FSMA noted that certain platforms operate on pyramid-style structures, encouraging users to recruit other participants to gain payouts. Once recruitment stalls, the entire scheme collapses.

FSMA emphasized that in all these scam cases, the platforms ultimately vanish, taking investor funds with them.

If you suspect a website is fraudulent or have fallen victim to a financial scam, you can Submit a Complaint to BrokersView.