Antares Trade has received a securities fraud warning from Belgium’s Financial Service and Markets Authority.

As per the
FSMA’s March 4th warning
, Antares Trade

offers investment services in Belgium without respecting the Belgian financial legislation.

Antares is not authorized as an investment firm in Belgium. Antares is therefore not allowed to provide investment services in Belgium.

This is the equivalent of a securities fraud notice in other jurisdictions.

BehindMLM
reviewed Antares Trade
in May 2020. Based on its business model and use of AND points, we concluded Antares Trade was a Ponzi scheme.

Following their own investigation, the FSMA agrees;

The system this company offers clearly resembles that of a pyramid scheme or, at the very least, a Ponzi fraud.

Antares Trade is fronted by founder “Alex Richter”.

Richter doesn’t exist outside of Antares Trade marketing, marking him as a prime Boris CEO candidate.

Based on current Alexa traffic estimates, Antares Trade is currently being promoted in Egypt, Madagascar and Saudi Arabia.

🤖 Quick Answer

What warning did Belgium's FSMA issue against Antares Trade?
Belgium's Financial Service and Markets Authority issued a securities fraud warning on March 4th, stating that Antares Trade operates investment services without authorization or compliance with Belgian financial legislation. The FSMA determined the company's business model resembles a pyramid scheme or Ponzi fraud.

Why is Antares Trade prohibited from operating in Belgium?
Antares Trade lacks authorization as an investment firm in Belgium. Consequently, it is legally forbidden from providing investment services to Belgian residents. Operating without proper regulatory approval constitutes a violation of Belgian financial legislation.

What business model analysis did BehindMLM conduct on Antares Trade?
BehindMLM's May 2020 review analyzed Antares Trade's structure and AND points system, concluding the company operated as a Ponzi scheme. The FSMA's subsequent investigation corrobo

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