Investors Alert – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements.


Online trading can be a lucrative and exciting way to invest your money, but it also comes with risks. One of the biggest risks is falling victim to a scam broker that will take your money and disappear. Unfortunately, many such brokers are operating on the internet, and one of them is is a website that claims to offer online trading services for various assets, such as forex, stocks, commodities, indices, and cryptocurrencies. However, the OSC has issued an alert to warn investors that is not registered to sell securities or offer investment advice in Ontario. This means that is operating illegally and may be involved in fraudulent activities.

Products and Services: claims to offer a variety of products and services to its clients, such as:

– A user-friendly and advanced trading platform that supports web, mobile, and desktop devices.

– A wide range of trading instruments, including over 200 currency pairs, more than 100 stocks, 20 commodities, 40 indices, and 10 cryptocurrencies.

– Competitive spreads and commissions, as well as leverage up to 1:400.

– Multiple account types, ranging from Basic to VIP, with different features and benefits.

– A free demo account that allows you to practice trading with virtual money.

– Educational resources, such as webinars, videos, articles, and ebooks.

– Professional customer support, available 24/7 via phone, email, live chat, and social media.

However, these claims are not verified by any independent source or authority. Moreover, does not provide any information about its legal status, ownership, location, or regulation. This raises serious doubts about the legitimacy and credibility of

Financial institution & regulatory license: does not disclose any information about its financial institution or regulatory license on its website. This means that is not authorized or supervised by any reputable financial regulator, such as the OSC in Canada, the FCA in the UK, the ASIC in Australia, or the CySEC in Cyprus.

Regulation is important for online trading brokers because it ensures that they follow certain rules and standards to protect their client’s funds and interests. For example, regulated brokers must keep their client’s funds in segregated accounts, provide negative balance protection, participate in compensation schemes, submit regular reports to the regulators, and adhere to ethical and fair business practices.

By operating without a license, exposes its clients to various risks, such as:

– Losing their money if goes bankrupt or runs away with their funds.

– Having no recourse or legal protection if they encounter any issues or disputes with

– Being exposed to unfair or manipulative trading conditions, such as hidden fees, slippage, requotes, or price manipulation.

– Being subjected to aggressive or misleading marketing tactics, such as false promises, unrealistic returns, or pressure to deposit more money.

Trader’s Reviews and Customer Service: does not have any positive or authentic reviews from its traders on the internet. On the contrary, there are many negative and alarming reviews from people who claim to have been scammed by Some of the common complaints include:

– Difficulty in withdrawing their money from

– Being harassed or ignored by’s customer service agents.

– Being charged with unexpected or excessive fees by

– Being offered fake or unauthorized bonuses by

– Being lied to or misled by’s account managers.

These reviews suggest that does not care about its clients’ satisfaction or well-being. Instead, seems to be only interested in taking their money and preventing them from getting it back.

How do online trading scams operate:

Online trading scams are schemes that use deceptive or fraudulent methods to lure unsuspecting investors into depositing money with them. They usually operate in the following steps:

– They create a fake or cloned website that mimics a legitimate broker or company.

– They advertise their website on social media platforms or search engines using attractive offers or testimonials.

– They contact potential victims via phone calls or emails and persuade them to sign up with them.

– They convince their victims to deposit money with them using various payment methods that are hard to trace or recover.

– They manipulate their victims’ trading accounts using fake prices or software glitches.

– They pressure their victims to deposit more money or accept bonuses that come with hidden terms and conditions.

– They refuse to process their victims’ withdrawal requests or charge them with unreasonable fees or penalties.

– They cut off all communication with their victims once they realize that they have been exposed or reported.

How to Safeguard Against Fraudulent Brokers:

There are some steps that you can take to safeguard yourself against fraudulent brokers, such as:

Do your research before choosing a broker. Check their website, reviews, ratings, and reputation. Verify their registration and regulation status with the relevant authorities. Compare their products, services, and fees with other brokers.

Be wary of unsolicited or too-good-to-be-true offers or promises. Do not trust anyone who claims to have a secret or guaranteed strategy to make money online. Do not fall for emotional or psychological pressure to invest more money or accept bonuses.

Use secure and reliable payment methods that allow you to track and reverse your transactions. Avoid using cash, wire transfers, cryptocurrencies, or prepaid cards that are difficult to trace or recover.

Test the broker’s platform and customer service before depositing any money. Use a demo account to check the functionality and performance of the platform. Contact the customer service agents and see how they respond to your queries or concerns.

Read and understand the terms and conditions of the broker before agreeing to anything. Pay attention to the fine print and look for any hidden fees, clauses, or limitations. Ask for clarification if anything is unclear or suspicious.

Keep records of all your communications and transactions with the broker. Save any emails, messages, phone calls, receipts, or screenshots that you have with them. Report any issues or problems to the broker and the regulator as soon as possible.

Conclusion: is an unauthorized entity that poses as an online trading broker. The OSC has issued an alert to warn investors about this fraudulent broker. is not registered or regulated by any reputable authority and may be involved in fraudulent activities. does not provide any information about its legal status, ownership, location, or regulation. does not have any positive or authentic reviews from its traders and has many negative and alarming reviews from people who claim to have been scammed by them. uses deceptive or fraudulent methods to lure unsuspecting investors into depositing money with them and then prevents them from withdrawing it.

Therefore, we advise you to avoid at all costs and choose a legitimate and regulated broker instead. Online trading can be a rewarding and enjoyable experience if you do it with a trustworthy and reliable broker who respects your rights and interests.

Add Your Heading Text Here