BCSC warns about an online Forex trading provider 

Bcsc canada regulator

The British Columbia Securities Commission (BCSC) has issued warnings to inform public and investors about online Forex trading provider StoxMarket, owned and operated by Marketier Holdings Limited (together, the Parties).

StoxMarket claims to be based in the Commonwealth of Dominica, and offers an online Forex and contracts for difference (CFDs) trading platform.

According the warning, BCSC recently became aware of StoxMarket and that a BC resident was able to open a trading account with StoxMarket.

BCSC informs that the Parties are not registered to trade in, or advise on, securities or exchange contracts in BC.

CFDs are a type of derivative security that allow traders to speculate on the price movements of an underlying asset. CFDs are considered to be securities under the securities legislation in British Columbia (BC).

BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

Source: BCSC – StoxMarket, owned and operated by Marketier Holdings Limited (together, the Parties)

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