In June 2024, nine unregulated forex brokers were listed on the Investment Caution List issued by the British Columbia Securities Commission (BCSC) in Canada.
The BCSC is a government agency that regulates the province's capital markets under securities laws. Its warning list often includes illegal brokers that provide Forex trading services.
These brokers not only make Canadian investors potential victims of investment fraud but also pose a threat to global investors. If these entities claim to be located in your country or region, take precautions and check with your local financial regulator.
BrokersView has compiled a list of unlicensed forex brokers that have been warned by the BCSC. You June search for the names of these brokers in BrokersView to get detailed information on why they are not the best investment options for you.
The following brokers have been warned by the BCSC in June 2024.
Winstone Investment Group
Website: winstoneinvestmentgroup.com, winstoneinvestmentgroup.net, client.winstoneinvestmentgroup.com
Location: London
IGinvest
Website: https://iginvest.io
LiteGraphs
Website: https://litegraphs.com
Location: Belgium
SSGA Pro
Website: https://ssgafx.com
Canada Crypto Bank
Website: https://canadacryptobank.com
Location: Vancouver, British Columbia
Azura Capital
Website: https://azura-cap.net
Location: Australia
Venus4T
Website: https://venus4t.com
Location: Switzerland
SPG
Website: https://spgzeds.com
Arbi Trust Capital
Website: https://arbitrustcapital.net
Location: UK