LoonieFX
LoonieFX claims to be regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). While a registration record for this MSB number can be found in the database, it is important to note that FINTRAC does not regulate foreign exchange (forex) trading activities. In Canada, the primary regulatory body overseeing forex brokers is the Investment Industry Regulatory Organization of Canada (IIROC).
However, upon investigation, it was found that LoonieFX is not registered or authorised by the IIROC or any other reputable financial regulatory agency. Therefore, based on the available information, LoonieFX is operating without proper authorisation from any credible forex regulator.
Therefore, LoonieFX appears to be a scam.
On Jun 3, 2026, the BC Securities Commission (BCSC) issued a warning against LoonieFX, believing this company might be providing financial services or products without proper authorization in British Columbia. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2026/looniefx
On Jun 3, 2026, the BC Securities Commission (BCSC) issued a warning against LoonieFX, believing this company might be providing financial services or products without proper authorization in British Columbia. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2026/looniefx
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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