Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated bitcoin and Forex broker USI-TECH Limited (USI), operating from website usitech-int.com.
USI-TECH Limited (USI) claims to be an online Forex and Bitcoin trading platform provider, located in Dubai, United Arab Emirates.
The regulator became aware of USI-TECH, and that a Canadian resident was able to open a trading account with USI-TECH.
USI-TECH is not registered to trade in, or advise on, securities or exchange contracts in BC or elsewhere in Canada. BCSC urged BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
The BCSC warning against USI-TECH can be seen here.