The Canada IIROC Has Issued A Blacklist Of Unlicensed Forex Brokers

This year, the Canadian forex regulator, the Investment Industry Regulatory Organization of Canada (IIROC), has barred the following illegal forex brokers:

1. TradingSpace

Website: https://www.tradingspace.pro/

2. Velocitytradefx.com

Website: https://www.velocitytradefx.com/

3. Ontario Invest

Website: https://www.ontarioinvest.com/

4. MaxiCapital

Website: https://www.maxicapital.group/

5. Lucros Financeiros

Website: https://www.lucrosfinanceiros.finance/

“Be knowledgeable, investors,” IIROC urges traders. “Don't be deceived by fraudsters misrepresenting themselves.”

How can you prevent joining up with unregulated brokers？

When investing, the first thing you should do is verify the broker's license. WikiFX is an app that will provide you with all of the information you want about a broker. When seeking broker information, we often visit many websites, which is not a good strategy and may lead to confusion. WikiFX is a forex trading search engine that enables traders to check data in a single app. It contains information on about 38,000 licensed and unregistered brokers. Due to the high number of online fraudsters doing business in the forex market, WikiFX has been collaborating with 30 financial agencies to address traders' trading concerns and prevent a broker's illegal acts.

Keep an eye out for additional regulatory updates.

WikiFX App may be downloaded through the App Store or the Google Play Store.