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Canada's BCSC warns of Chinese forex broker Omega Mutual Group

Jul 19 2017
By
Jonathan Smith

Canada's provincial regulator, the British Columbia Securities Commission (BCSC) has issued a warning against the Chinese forex broker Omega Mutual Group.

 

According to the watchdog, the company claims to be based in Shanghai and offers a trading platform for currencies, online stocks, commodities, options, precious metals and indices. BCSC says it recently became aware of Omega Mutual Group's existence, after a British Columbia resident opened a trading account with the broker. However, it is not registered to trade in, or advise on, securities or exchange contracts in the province.

 

BCSC concludes its publication with the standard warning for British Columbia residents to be cautious when dealing with unregistered companies.

 

Our check revealed that Omega Mutual Group's website is currently inactive.

 

 

TAGS: canada  bcsc  omega mutual group  warning 

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