BCSC warns for a Forex and Futures contracts provider
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about Trade12, owned and operated by Exo Capital Markets Limited and Global Fin Services Ltd.
Trade12 claims to be based in Estonia, and offers an online Forex, gold, silver, oil and stock index futures trading platform.
According the warning, BCSC recently became aware of Trade12 and that a BC resident was able to open a trading account with Trade12.
BCSC informs that the Parties are not registered to trade in, or advise on, securities or exchange contracts in BC.
Futures contracts are any obligations to make or take future delivery of a commodity or a security. Futures contracts are a type of derivative security that allow traders to speculate on the price movements of an underlying asset. Futures 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 – Trade12, owned and operated by Exo Capital Markets Limited and Global Fin Services Ltd.
