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 retail forex and CFD broker FX-Inter, also known as Inter Global, at website fx-inter.com.
According to the BCSC, FX-Inter is an offshore firm that claims to be a fully regulated Forex broker and offers an online Forex and contracts for difference (CFDs) platform. FX-Inter’s website does not show any real address in its ‘Contact Us’ section, just a UK telephone number. In the dispute resolution section of its website, FX-Inter suggests a Saint Vincent and the Grenadines mailing address.
The regulator recently became aware of FX-Inter, and that Canadian residents were able to open a trading account with the broker.
FX-Inter is not registered to trade in, or advise on, securities or exchange contracts in Canada. The BCSC urges residents to exercise caution when dealing with firms that are not registered to trade or advise.
FX-Inter / Inter Global was the subject of a similar warning earlier this year, by UK financial regulator FCA.
The BCSC warning against FX-Inter can be seen here.