The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Fibonacci-Trade. This company is a suspected boiler room. Fibonacci-Trade has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople to call potential investors to pressure them into buying financial instruments that promise high returns (cold calling). In reality the financial instruments are either worthless or non-existent. The AFM has established that Fibonacci-Trade does not have an AFM license or a European Passport.