ANSWER TIOmarkets is not a licensed or regulated broker even though it states offers that look good to be true. TIOmarkets claims to be a trustworthy broker while presenting no details of its regulations. Lacking regulatory information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag.What's more, the British Columbia Securities Commission (BCSC) issued a warning that TIOmarkets is not registered to trade in, or advise on, securities or derivatives in BC. You can check the full warning from here.The truth is, TIOmarkets is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like TIOmarkets and trade with licensed brokers.
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