Canadian securities regulator the British Columbia Securities Commission (BCSC) has just announced that it has become aware of a suspicious entity named WorldWide CapitalFX.
WorldWide CapitalFX (CapitalFX) claims to be an online binary options, cryptocurrencies, Forex and Contracts for Difference trading platform provider.
The company is operating via the website www.worldwidecapitalfx.com/.
The regulator has recently become aware of CapitalFX and that it had solicited a British Columbia (BC) resident to trade with the company.
Binary options are considered to be securities under BC’s securities legislation. In certain circumstances, cryptocurrencies may be considered to be securities under the securities legislation in BC, and trading in or advising on them may require registration in BC.
CapitalFX is not registered to trade in, or advise on, securities or exchange contracts in BC.
The official warning can be seen here.