Canadian provincial securities regulator British Columbia Securities Commission (BCSC) has issued a warning regarding retail forex broker AvaTrade, adding AvaTrade to its Investment Caution List.
The BCSC states that Ava Trade Ltd. claims to be a regulated on-line broker, based in the British Virgin Islands.
The BCSC became aware of a recent advertisement placed by Ava Trade Ltd. in British Columbia (BC). Ava Trade Ltd. is not registered to trade in, or advise on, securities or exchange contracts in BC.
AvaTrade subsidiaries actually are licensed and regulated in Ireland, Australia, South Africa and Japan.
The BCSC warning can be seen here.