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 binary options broker Boss Capital, owned by Melnic Group Ltd., operated from website bosscapital.com.
According to the BCSC, Boss Capital claims to be based in Sofia, Bulgaria, and offers an online binary options trading platform.
The regulator became aware of Boss Capital and that a Canadian resident was able to open a trading account with Boss Capital.
Previous similar warnings have been issued against Boss Capital by fellow Canadian regulator FCAA, and Italian watchdog CONSOB.
Boss Capital 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 Boss Capital can be seen here.