Following our latest announcement about Belgium’s market regulator, the Financial Services and Markets Authority (FSMA) banning forex and CFD trading, forex and CFD brokers announced that they are terminating acceptance of clients from Belgium.
On 8 August 2016, the FSMA (Belgium’s Markets Regulator) issued a public notification advising that effective 18 August 2016, the commercialization of leveraged Contracts for Differences will not be permitted in Belgium. As a result of this, Safecap advised all its existing clients from Belgium that they will terminate the offering of investment services to them, effective 18 August 2016. A grace period, as permitted by the FSMA’s notification, has been allowed for existing clients in order to conclude their investment strategies by 17 October, 2016.
See the list of CFD brokers here.