Canadian securities regulator the British Columbia Securities Commission (BCSC) has just announced that it has become aware of a suspicious entity, ForexGrand, owned by Capital FXG Ltd.
The UK financial regulator FCA has also warned against Forex Grand earlier this year.
ForexGrand claims to provide an online trading platform for Forex, stock indices, commodities and other securities and is operating at website www.forexgrand.com.
BCSC recently became aware of ForexGrand and that it had accepted funds from a British Columbia (BC) resident to trade with the company.
The Parties are not registered to trade in, or advise on, securities or exchange contracts in BC.
BCSC has urged BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
The official warning can be seen here.