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 Forex broker Royal Downing Investments.
According to the BCSC, Royal Downing Investments is based in the United Kingdom, and claims to be a trading firm active in multiple markets, including equities, options and futures.
BCSC became aware that a BC resident was able to open a trading account with Royal Downing Investments.
Royal Downing Investments is not registered to trade in, or advise on, securities or exchange contracts in BC.
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 Royal Downing Investments can be seen here.