Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated Forex and CFDs broker CFD Capital Markets, operated from website cfdcapmkt.com.
According to the BCSC, CFD Capital Markets claims to provide an online trading platform for forex, forex options, commodities and contracts for difference.
The regulator became aware of CFD Capital Markets and that a Canadian resident was able to open a trading account with CFD Capital Markets.
This follows a similar warning issued last year by fellow Canadian regulator OSC against CFD Capital Markets.
CFD Capital Markets is not registered to trade in, or advise on, securities or exchange contracts in BC or elsewhere in Canada.
BCSC urged BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
The BCSC warning against CFD Capital Markets can be seen here.