British Columbia Securities Commission in Canada Warns Eight Unregistered FX Entities

In January 2024, eight 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. Although it is not a Forex regulator, 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 January 2024.

BTC Bank Canada

Website: btcbankcanada.com, btc-bankcanada.com, blockchain-canada.com

Claimed Location: Vancouver, Canada

Lux Capitals

Website: https://luxcapitals.com

Claimed Location: Seychelles / United Kingdom / Switzerland

TopMarkets

Website: https://topmarkets.pro, https://my.topmarkets.pro, https://topmarkets.uk, https://topmarkets.co.uk, https://premiumtrade.cc

Claimed Location: Cyprus

Aksel Invest

Website: Akselinvest.pro

Forex-Crypto

Website: https://tradeforex-crypto.com/

Claimed Location: Australia / United Kingdom

BeGlobalFund

Website: https://beglobalfund.com

DBG Markets

Website: https://m.dbg-coltdfx.cc/, https://pc.dbg-coltdfx.cc/

SMTcap.com

Website: https://www.smtcap.com

Claimed Location: Switzerland