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Operating status: SCAM
Website: https://cedarsignals.live/
On 28 June 2022, the British Columbia Securities Commission (BCSC) issued a warning that Cedar Signals is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/cedar-signals
Cedar Signals claims to be regulated by the Australian Securities & Investments Commission(ASIC). However, we could not find any company named Cedar Signals. So the broker is not overseen by ASIC.
Cedar Signals also claims to be governed by Danish Law. So we searched the Finanstilsynet (Danish FSA) and still find no results that matched this broker.
According to its website, Cedar Signals is located in the UK. As per United Kingdom's laws, it shall be regulated by the United Kingdom Financial Conduct Authority (UK FCA). However, we found nothing about Cedar Signals.
Moreover, the British Columbia Securities Commission (BCSC) issued a warning that Cedar Signals is not registered to trade in, or advise on, securities or derivatives in BC.
The truth is that Cedar Signals is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
On 14 Sep, the Belgian Financial Services and Markets Authority (FSMA) identified that Cedar Signals is a fraudulent online trading platform. You may visit: https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-2
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