BCSC Adds Eight New Entities to the Investment Caution List

The BC SecuritiesCommission (BCSC) proactively helps protect BC investors by publishing an Investment Caution List. In this blog post, we highlight eight entities that were added to the Investment Caution List between May and July 2016.

None of the entities listed below are registered to trade in, or advise on, securities or exchange contracts in BC:

XForex claims to be a contracts for difference (CFDs) broker based in Cyprus. CFDs are a type of derivative security. XForex is owned and operated by XFR Financial Ltd. Although XFR Financial Ltd. is registered in Cyprus, it is not registered in BC.  Commission staff became aware of XForex after a representative of the firm solicited a BC resident who was able to open an account.

D.G.I. Market Ltd. offers an online binary options trading platform and claims to be based in Bulgaria.  BCSC became aware of DGI Market and that a BC resident was able to open a trading account with DGI Market 

BigOption, operated by WiresTech Limited, claims to be based in London, England, and offers an on-line binary options trading platform. The BCSC became aware of BigOption when a BC resident was solicited, and was able to open an account with the firm.

Magnum Options, operated by Hampshire Capital Ventures Ltd., which claims to have an office in Norwich, England, purports to be a binary options trading platform provider. The BCSC became aware that a BC resident was able to open an account with Magnum Options.

Trades Capital, operated by TTN Marketing Ltd., appears to be based in Glasgow, Scotland, and offers an on-line binary options trading platform. The BCSC became aware of an advertisement placed by Trades Capital in BC.

IvoryOption claims to be based in London, England, and offers an on-line binary options trading platform. The BCSC became aware of IvoryOption when a BC resident was able to open a trading account with them.

Option Financial Markets, operated by B.O. Technologies Limited, claims to be based in Hong Kong, China, and offers an on-line binary options trading platform. The BCSC became aware of the firm when a BC resident was solicited by a representative of Option Financial Markets, and was able to open a trading account with them.

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 BC.

If you have any questions about any of the companies listed on our Investment Caution List, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 (toll free), or through email at [email protected].

Suggested Reading

Pathway-2-Posterity turns into Pathway-2-Ponzi

New InvestRight app video series launched

Spot Investment Scams: Fraud Among Friends & Family

More Resources

In your community this month – July 2011

  In your community this month BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month  […]

CSA Study: Increasing number of Canadians reviewing risk tolerance

A new survey conducted by the Canadian Securities Administrators (CSA) found that changes in the economy (38 per cent) and advice from a financial advisor (36 per cent) are the top two reasons why investors who normally do not review their risk tolerance did so in the last year. Another 17 per cent reviewed their […]