In April 2024, 8 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 may 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 April 2024.
AutoSmart Trades
Website: https://autosmarttrades.net
Toro Trade Pro
Website: https://www.torotradepro.com
Finance24base
Website: https://finance24base.com
MyCapitalInvest24
Website: https://mycapitalinvest24.com
Richeink
Website: https://richeink.com
VT Markets
Website: https://vtmarkets.com
https://vtmarkets.net
Valiant Markets
Website: www.valiantmarkets.com
Sequoia Capital Markets
Website: https://sequoiacm.com