Today, the the Ontario Securities Commission (OSC), an independent Crown corporation that is responsible for regulating the capital markets in Ontario, Canada joined the UK’s FCA is providing warnings to prospective and current traders regarding unscrupulous Forex dealers/brokers.
As always, if you are a trader reading this – be cautious with which firm to do your FX trading with. Having an offshore or fancy address does not mean that the firm is regulated and you are protected with some sort of investor compensation scheme.
LeapRate’s Regulated Broker List is a good place you can start doing research for a good trading partner for your account, you should only be dealing firms properly regulated in your jurisdiction. Below you can read the official warning from the OSC regarding a company by the name of C6 Forex Inc.
|C6 Forex Inc. (www.c6forex.com)|
|Date posted:||December 19, 2014|
|Last known/disclosed address:||Suite 305, Griffith Corporate centre
P.O. Box 1510, Beachmont, Kingston,
St. Vincent and the Grenadines
|Additional information:||C6 Forex Inc. is not registered in Ontario, Canada to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities|