Belgium financial regulator FSMA has issued a statement regarding the settlement it reached with AVA TRADE EU Ltd and ICFD Ltd. The agreed settlements consist of a payment of EUR 175,000 by AVA TRADE EU Ltd, EUR 200,000 by iCFD Ltd and publication by name on the website of the Financial Services and Markets Authority…
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Belgium's financial regulator FSMA has issued a warning against nine Binary Options brokers which are unlawfully offering binary options to Belgian retail traders. Any company wishing to offer investment products in Belgium must hold an authorization. However, since August 18, 2016, no investment firm (authorized or not) is permitted actively to distribute binary options within the territory of Belgium.…
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Belgium financial regulator FSMA has issued a statement regarding the €550,000 settlement it reached with FCA and CySEC regulated CFD broker Plus500 Ltd (LON:PLUS), reported earlier today by LeapRate. The statement sheds some light on the reasons the settlement was reached. Full text of the statement reads as follows: 25-04-2017 Agreed settlement - Plus500 The…
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CFD broker Plus500 Ltd (LON:PLUS) has announced that it has reached a settlement with Belgium financial regulator FSMA, in which it will pay the regulator €550,000. The settlement came after several months of discussions between Plus500 and the FSMA. Belgium authorities claimed that Plus500 had contravened its ban on offering leveraged trading products in the…
Read moreThe ban includes products being offered by brokers regulated elsewhere in the EU.
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