Investment Caution List: 44 New Additions

The BC Securities Commission’s (BCSC) Enforcement Division has added 44 new entries to the Investment Caution List since our last post in July 2021.

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 the province that target British Columbians.

We urge BC residents to exercise caution when:

  • Dealing with firms that are not registered to trade or advise on securities in BC;
  • Considering investing in an entity that may not be in compliance with prospectus filing requirements under BC securities laws;
  • Dealing with cryptocurrency trading platforms that have not been recognized or registered in BC.

Below are the latest additions to the Investment Caution List.

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

BudsWell Inc.

BudsWell Inc. claims to be based in Ontario, and claims to manage “portfolios for individuals, qualified retirement plans and corporate entities utilizing mutual funds and individual securities.”

CreditEUBank

CreditEUBank claims to be located in Toronto, Ontario, and it also claims to offer investment plans for trading in cryptocurrencies.

Bit-Finance

Bit-Finance claims to be located in the United Kingdom, and it also claims to offer accounts for trading in Forex, Commodities, Stock Indices and Cryptocurrencies.

Global Investment Trading – Liyeplimal

Global Investment Trading – Liyeplimal claims to be based in Cameroon , and it also claims to offer cryptocurrency trading services.

Elcomercio24

Elcomercio24 claims to be located in the St. Vincent and the Grenadines, and it also claims to offer accounts for trading in cryptocurrency.

InfinityCapitalG

InfinityCapitalG claims to offer accounts for trading in Stocks, Commodities, Currencies, Indices and Cryptocurrencies.

Rockfort International Limited

Rockfort International Limited claims to be based in Toronto, Ontario, and it claims “to offer customized trading solutions to match diverse brokerage needs” in financial products.

Pibexa

Pibexa claims to be located in the St. Vincent and the Grenadines, and it also claims to offer accounts for forex trading.

RT Fintech Limited

RT Fintech Limited claims to be located in Vancouver, British Columbia, and it also claims to offer trading accounts for Forex, Indices, Cryptocurrencies, Commodities and Shares.

ProfitsTrade Ltd.

ProfitsTrade Ltd. claims to be located in the Dominica, and it also claims to offer accounts for trading in Forex, Indices, Cryptocurrencies, and Commodities.

Cryptobase

Cryptobase claims to be located in the United Kingdom and the United States, and it also claims to offer investment plans for cryptocurrency mining and trading.

SPX Markets

SPX Markets claims to be located in the United Kingdom and it also claims to offer accounts for trading in Cryptocurrencies, Stocks, Commodities and Forex.

Accord Holdings Ltd.

Accord Holdings Ltd. claims to be based in Malta, and it claims to offer trading plans in CFD, Forex and Cryptocurrency.

ForexxCoinOptions

ForexxCoinOptions claims to be located in the USA, and it also claims to offer accounts for trading in cryptocurrency, forex, stock, commodities and real estate.

Cryptlogger PLC

CryptLogger PLC claims to have offices in Vancouver and claims to be a crypto-asset management company offering high-growth investment opportunities in cryptocurrency.

Platinumx Trade

Platinumx Trade claims to be located in the United States and it also claims to offer investment plans for cryptocurrency trading.

Stockweb

Stockweb claims to be located in Australia and it also claims to offer investment plans for trading in indices, commodities, bonds, forex and cryptocurrencies.

OSL

OSL claims to offer investment services and accounts for trading in cryptocurrency.

Borsa

Borsa claims to offer investment services and accounts for trading in cryptocurrency.

LQD Limited (LQD FX)

LQD Limited (LQD FX) claims to be based in the Marshall Islands and it claims to offer leveraged trading in foreign currencies, commodities and indices through derivatives.

TP Global Services Limited (TP Global FX)

TP Global Services Limited (TP Global FX) claims to be based in Saint Vincent and the Grenadines and it claims to offer leveraged trading in foreign currencies, metals, indices and stocks through derivatives.

Sanako Service Ltd. dba Finvesting (Finvesting)

Finvesting claims to be located in the Republic of the Marshall Islands and it also claims to offer accounts for trading in CFD and other financial products.

Group 500

Group 500 claims to be located in Switzerland and it also claims to offer accounts for trading in CFD and other financial products.

Alcor Trade

Alcor Trade claims to be located in Hong Kong and it also claims to offer investment packages with different rates of return.

Trade the Bit

Trade the Bit claims to offer accounts for trading in stocks, cryptocurrencies, forex, indices and commodities.

ApolloFinances

ApolloFinances claims to be located in the Republic of the Marshall Islands and it also claims to offer accounts for trading in CFD and other financial products.

Capital One Markets

Capital One Markets claims to be located in Vancouver, British Columbia (BC) and it also claims to offer accounts for trading in forex, cryptocurrencies, stocks, indices and commodities.

FX Payers

FX Payers claims to have an address in Vancouver, BC and registered in the United Kingdom. FX Payers claims to offer cryptocurrency investment accounts with different rates of return.

Astra Horizon

Astra Horizon claims to be located in Zurich, Switzerland and it claims to offer cryptocurrency trading accounts and advising services.

Industrial Holdings

Industrial Holdings claims to offer investment services and accounts for trading in cryptocurrency.

Ander Value Investment Limited

Ander Value Investment Limited claims to have offices in the United Kingdom and it also claims to offer cryptocurrency and forex trading accounts.

RoyalBC-FM

RoyalBC-FM claims to offer accounts for trading in cryptocurrencies, forex, stocks, indices and commodities.

Digital FX Market

Digital FX Market claims to be based in Toronto, Ontario and it claims to offer cryptocurrency and forex trading accounts and other investment services.

Bitwaxtrade

Bitwaxtrade claims to be based in New Zealand with an office in Liverpool, UK and it claims to offer cryptocurrency and forex trading accounts.

Trade Fare

Trade Fare claims to be based in New Zealand and it claims to offer cryptocurrency and forex trading accounts.

Companies That Have Not Filed Prospectus in BC

IXI Capital Holdings (BC) Ltd.

We recently became aware that IXI Capital Holding (BC) Ltd. promoted an initial token offering (ITO) of MINE, in which British Columbia (BC) residents can participate.

Companies That Have Not Been Recognized as an Exchange or Registered as a Dealer in BC

CoinX

CoinX claims to offer an online cryptocurrency trading platform and we are aware that CoinX accepts British Columbia (BC) residents as clients.

Bitnomics

Bitnomics claims to offer an online cryptocurrency trading platform and we are aware that Bitnomics accepts British Columbia (BC) residents as clients.

Yeek Ex

Yeek Ex claims to offer an online cryptocurrency trading platform and we are aware that Yeek Ex accepts British Columbia (BC) residents as clients.

OCEX

OCEX claims to offer an online cryptocurrency trading platform and we are aware that OCEX accepts British Columbia (BC) residents as clients.

Mercatox

Mercatox claims to offer an online cryptocurrency trading platform and we are aware that Mercatox accepts British Columbia (BC) residents as clients.

OctaFX

OctaFX claims to be based in St. Vincent and the Grenadines and it claims to offer an online cryptocurrency trading platform. We are aware that OctaFX accepts British Columbia (BC) residents as clients.

EZ-FX Trade

EZ-FX Trade claims to be an online cryptocurrency trading platform and we are aware that EZ-FX Trade accepts British Columbia (BC) residents as clients.

Korbit-coin

Korbit-coin claims to have offices in Japan, Singapore, and Hong Kong and it claims to offer an online cryptocurrency trading platform. We are aware that Korbit-coin accepts British Columbia (BC) residents as clients.

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

BCSC’s New Campaign Aims to Help Investors Avoid Classifieds Scams

Enforcement Roundup: September 2021

Investment Caution List: 27 New Additions

More Resources

Understanding Registration

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

Research an Investment Offer

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