Canadian Financial Regulator Warns of Six Unlicensed Financial Service Providers
Between October 21 and November 11, the Ontario Securities Commission (OSC) added six unregistered brokers offering financial trading services to its investor warnings list.
Through its Investor Alerts and Warnings, the OSC identifies brokers potentially involved in harmful or illegal activities, alerting investors to associated risks.
The regulator advises investors to report any interactions with listed firms or individuals to the OSC. Investors may also report other unauthorized entities not featured on the list.
| Name | Address | Website | Note / Screenshot |
| Arquette Insurance and Wealth Management | / | / | The Ontario regulator has not provided further details about this financial services provider. Investors should exercise caution regarding firms with the same name. |
| ZenithX24 |
15 York Street, Level 23, Toronto, Ontario 45 Gresham Street, City of London, London EC2V 7AF |
http://www.zenithx24.com/ | ZenithX24's website is inaccessible, but its operators may reappear in the market under new brand names. Investors should remain vigilant about potential risks. |
| PT-Option | www.ptop-online.com | / | PT-Option's website is inaccessible. Additionally, other financial regulators, including France's Autorité des marchés financiers (AMF) and Canada's British Columbia Securities Commission (BCSC), have issued warnings about brokers with the same name. |
| Nord Financial Services Ltd. / Nexma.pro | 100 Adelaide Street West, Toronto, ON M5H 0E2 | www.nexma.pro | Nord Financial Services’ website is inaccessible. |
| MGX Foundation | Trust Re Building, 28 October Avenue 359, Limassol 3107, Cyprus |
www.mgxfoundation .com |
MGX Foundation’s website is inaccessible. |
| Canada Economic Union | / | https://frenziedantacid.com/ |  |
BrokersView reminds you
Before trading, investors should verify whether the platform holds a financial license issued by local regulatory authorities. Dealing with unregulated brokers exposes your funds to significant risk.
To safeguard your investments, it is recommended to check a broker's regulatory status through BrokersView to avoid investment scams.
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