CANADA, June 28 – Launched on June 28, 2022
The Monetary and Shopper Affairs Authority of Saskatchewan (FCAA) warns traders of the net buying and selling platform FX Buying and selling Index Restricted.
“If an internet buying and selling platform shouldn’t be registered within the province, they haven’t gone by means of the diligent course of we use to find out that they’re official and certified to promote securities and derivatives to Saskatchewan residents,” FCAA Securities Division Government Director Dean Murrison mentioned. “Unregistered companies can’t legally provide funding alternatives in Saskatchewan, so it’s crucial to at all times test the registration standing of an entity earlier than you make investments.”
This platform claims to supply Saskatchewan residents a chance to speculate and commerce in crypto forex and contracts for variations by means of the web site www.fxtradingindexlimited.com. This entity has obtained funds from at the least one resident of Saskatchewan.
FX Buying and selling Index Restricted shouldn’t be registered to promote or commerce securities or derivatives in Saskatchewan. The FCAA strongly cautions traders and customers to not ship cash to corporations that aren’t registered within the province, as they will not be official companies and you might lose your cash.
You probably have invested with FX Buying and selling Index Restricted or anybody claiming to be performing on their behalf, contact the FCAA’s Securities Division at 306-787-5936.
In Saskatchewan, people or corporations have to be registered with the FCAA to commerce or promote securities or derivatives. The registration provisions of The Securities Act, 1988 and the accompanying laws are meant to make sure that solely trustworthy and educated individuals are registered to promote securities and that their companies are financially steady.
Tricks to shield your self:
- All the time confirm that the individual or firm is registered to promote or advise about securities or derivatives. To test registration, go to The Canadian Securities Administrations’ National Registration Search.
- Know precisely what you’re investing in. Be sure you perceive how the funding, product, or service works.
- Get a second opinion and search skilled recommendation concerning the funding.
For extra investor safety data, go to Financial and Consumer Affairs Authority of Saskatchewan (gov.sk.ca).
For extra data, contact:
Monetary and Shopper Affairs Authority
E mail: [email protected]