Forex broker warning OSC added the Trade24

Forex broker warning OSC added the Trade24

Forex broker warning OSC added the Trade24

Ontario’s provincial regulator, the Ontario Securities Commission (OSC), has added Forex broker warning the Trade24 forex broker to its warning list.

According to the publication on the OSC’s website, Trade24, owned by Trade24 Global Ltd, with an address in London, is not registered in Ontario to engage in the business of trading in securities.

  • Read also: FCA warns Headington Investments Limited as clone firm

OSC is the fourth regulator that warns against Trade24 since June when Belize’s regulator, the International Financial Services Commission (IFSC), has published a notification that the forex broker is using a fake Belize license. Back then the name of the owner company was Trade24 Investments.

On July New Zealand’s Financial Markets Authority also said that Trade24 is not authorized to provide its services in the country.

UK’s Financial Conduct Authority warned that the forex broker is not licensed and could be a scam.

Trade24 offers to trade in forex, CFDs, stocks and commodities via the MetaTrader 4 platform. Its site has versions in English, Polish, Bulgarian, Arabic, French, Russian, Spanish and German.

Source: smnweekly.

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