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Is Canadian Capital Markets legit in Canada?
Pitso Johannes Pitso
加拿大
2024-06-20
ANSWER No, Canadian Capital Markets is not licensed in Canada.This broker has no corresponding records in the register of the Investment Industry Regulatory Organization of Canada (IIROC), indicating that it is not subject to regulatory frameworks in the country. In addition, its unlicensed investment activities have drawn warnings from two financial authorities: the British Columbia Securities Commission (BCSC) and the Ontario Securities Commission (OSC). These two alerts signal the company's disregard for regulatory compliance.In light of this, investors should stay away from Canadian Capital Markets to protect themselves from potential fraud schemes. It is highly recommended to choose fully regulated brokers instead.
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Is is safe to invest in Canadian Capital Markets?
Jay Marylyn
克羅地亞
2024-05-13
ANSWER No, it is not safe to choose Canadian Capital Markets. It is an unlicensed broker.While this broker alleges to have offices in Canada, it fails to obtain the required license from the Investment Industry Regulatory Organization of Cananda (IIROC), rendering its offerings unlawful. Adding to the concerns, the British Columbia Securities Commission (BCSC) has issued a warning against Canadian Capital Markets, believing Canadian Capital Markets is not registered to trade in, or advise on, securities or derivatives in BC. This is a red flag for substantial risks associated with Canadian Capital Markets.To reduce such risks and have a safer trading environment, we strongly suggest investors stay away from unlicensed brokers like Canadian Capital Markets and instead opt for fully regulated ones.
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