Boom in reports of dubious investment platforms | Money


The Netherlands Authority for the Financial Markets (AFM) has been receiving more and more reports about these platforms since 2019, the authority reports.

Leveraged products

These are providers of investments in CFDs (contracts for difference). These are complex leveraged products, where people speculate on a price increase or decrease. Consumers can also lose more money than their original investment.

Providers of such investment products often come from Cyprus. Between 2015 and 2018, the AFM received approximately 40 reports about providers from this country, since 2019 there have been more than 330.


Because the providers have a license in the European country, they can also offer their products to Dutch people. The Cyprus Financial Authority is then responsible for supervision. But before it warns, consumers have often already lost their money, the AFM warns.

In the first six months of this year, the AFM received a total of 1,863 reports about dubious financial offers and service subscriptions, according to the six-monthly ‘signals monitor’.

Bank not liable

At the Kifid, a complaints institute for the financial sector, consumers regularly try to get back from the bank the money they have put in a dubious investment. But if the bank has not provided investment advice, but has only made payment possible, that will never actually work.

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