Investment Caution List: 24 New Additions

The BC Securities Commission’s (BCSC) Enforcement Division has added 24 new entries to the Investment Caution List since our last post in December 2020.

We encourage you to keep an eye on the BCSC’s Investment Caution List, which identifies unregistered activity or unqualified securities promotions from outside of BC that target British Columbians.

Exercise caution when dealing with firms that are not registered to trade or advise on securities in BC, and when dealing with companies that are not registered to issue securities.

Below are the latest additions to the Investment Caution List.

Companies Not Registered to Trade in or Advise on Securities or Derivatives in BC

BitcoinZie Smart Investment Contract Ltd. (BitcoinZie)

BitcoinZie claims to be located in the United Kingdom, and it claims to offer investment plans in cryptocurrency trading.

Plain Trading S.A. (Plain Trading)

Plain Trading claims to be located in New York, and it also claims to be a full service advisory options brokerage firm.

JC Capital Markets Ltd. (JC Capital)

JC Capital claims to be based in Saint Vincent & the Grenadines, and it also claims to offer plans in forex trading.

Digitex Ltd.

Digitex Ltd. claims to be located in the Republic of Seychelles, and offers an online cryptocurrency trading platform that BC residents can use to trade in cryptocurrency.

Investment Management Co. Pty Ltd.

Investment Management Co. Pty Ltd. claims to be a forex and contracts for difference broker, based in New Zealand. 

Litmus Holdings

Litmus Holdings claims to be located in Sweden, and it claims to offer investment plans for currencies, indices, commodities and stocks trading.

Onward Capital Limited

Onward Capital Limited claims to be based in Toronto, Ontario, and it claims to offer investment plans with different rates of return.

Crypto Mine Express

Crypto Mine Express claims to offer investment plans in bitcoin mining.

Mercury Crypto Invest

Mercury Crypto Invest claims to be located in Florida, and claims to offer investment plans in binary options, forex and cryptocurrency trading.

Beurax

Beurax claims to be located in Australia, and it claims to offer investments in currency, interest rate and commodity swaps.

FXT Brokers

FXT Brokers claims to be located in Switzerland, and claims to offer investment plans for CFD and cryptocurrency trading.

AquilaBIT

AquilaBIT claims to be located in Sweden. It claims to offer investment plans for trading in “Contracts for Difference, cryptocurrencies, spot metals, energies, commodities, indices, bonds and shares”.

A.W. Burns Investment Corporation

A.W. Burns Investment Corporation claims to be based in Brampton, Ontario, and it claims to be an active investment securities and wealth management company.

Nittrex

Nittrex claims its head office is located in Belgium, with offices in Canada, United States, and London. It also claims to offer products for cryptocurrency trading.

Kirther Investment & Trading Inc.

Kirther Investment & Trading Inc. claims to be based in Brampton, Ontario, and it claims to be an active investment securities and wealth management company.

Immediate Edge

Immediate Edge claims to offer services for cryptocurrency trading.

Axes LLC

Axes LLC claims to be based in London, United Kingdom, and claims to be a forex and contract for difference broker.

Cryptocloudmine

Cryptocloudmine claims to be located in the United Kingdom, and it claims to offer investment contracts in cryptocurrency mining.

Tethertrade

Tethertrade claims to offer investment plans in cryptocurrency trading.

Impero Solutions Limited

Impero Solutions Limited claims to be based in Montreal, Quebec and it claims to offer investment plans with different rates of return.

Crystalead

Crystalead claims to be located in Ireland, and it claims to offer stocks and cryptocurrency trading services.

Waltonchase Ltd.

Waltonchase Ltd. claims to offer accounts for trading in stocks, indices, crypto, commodities, and currencies.

MagKing Limited International Group Pty Ltd., MagKing Global Ltd., MagKing Forex (collectively “MagKing”)

MagKing claims to be located in Hong Kong, and it claims to offer accounts for trading in indices, commodities and forex.

Alida Investment Limited

Alida Investment Limited claims to be based in Richmond Hill, Ontario. It claims to provide trading services in stock, contract for difference, forex and cryptocurrency.

Report a Concern

If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using the BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website. Subscribe to receive email updates from BCSC InvestRight.

Suggested Reading

Enforcement Roundup: March 2021

Investment Caution List: 22 New Additions

How to File a Complaint with the BCSC

More Resources

Fraud Warning Signs

The BCSC's Investment Caution List identifies unregistered activity or unqualified securities promotions from outside of BC that target British Columbians.

Younger, FOMO-inclined Adults View Social Media as Source for Investment Tips

The BCSC's Investment Caution List identifies unregistered activity or unqualified securities promotions from outside of BC that target British Columbians.