Canada’s Autorité des marchés financiers (AMF) has issued a warning to Quebec investors about the use of Forex and binary options platforms, specifically citing 24 companies that are presently unauthorized in Canada, including several familiar names, according to an AMF statement.
Global regulators are constantly policing regional financial markets, with such mainstays as the UK’s Financial Conduct Authority (FCA) and the United States’ National Futures Association (NFA) among notable examples. The AMF has compiled a list of companies providing trading services for both Forex and binary options of unauthorized firms in Canada, augmented by a list of complaints from investors. Following is the list of companies:
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There have been several notable clampdowns as of late against a number of fraudulent trading schemes, though ultimately the onus is on investors to exercise their due diligence before embarking on any activities.