Ontario Securities Commission issues warning against FX broker CMS Trader

The Ontario Securities Commission (OSC) continues to add unlicensed Forex brokers to its Warning List.

Less than a month after one of the strictest Canadian financial regulators issued a warning against retail forex broker Sumo Forex Limited, the watchdog publishes a warning against CMS Ventures Limited (also known as Pandorx Ventures Ltd.)

The company is operating under the brand CMS Trader from the website: www.cmstrader.com.

On its website, the company claims to have an address in the United Kingdom, with the “Contact us” section of the website showing office addresses in Hong Kong, Paris, Limassol, and Manama.

The OSC notes that CMS Trader is not registered in Ontario, Canada to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities.

You can view the warning from OSC by clicking here.

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