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Canadian Watchdog Warns Against Capixtrade

Capixtrade | 2024-10-30 17:17

Abstract：The CSA, Canada's regulator, recently exposed Capixtrade, an illegal broker operating in the foreign exchange market. The authority said that this firm is not authorized. Investors are advised to exercise caution when dealing with such unauthorised entities.

The CSA, Canada's regulator, recently exposed Capixtrade, an illegal broker operating in the foreign exchange market. The authority said that this firm is not authorized. Investors are advised to exercise caution when dealing with such unauthorised entities.

It is essential to conduct thorough research and due diligence before making any investment decisions. By staying informed and vigilant, investors can protect themselves from potential risks and avoid falling victim to fraudulent schemes.

WikiFX Review

When we searched for Capixtrade on WikiFX. We discovered that it is an unregulated broker with no license and an extremely low rating (1.11 out of 10). It also issued a warning against it, stating

Warning: Low score, please stay away!

• It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

• The current information shows that this broker does not have trading software. Please be aware!

About CSA

The Canadian Securities Administrators (CSA) is the umbrella organization of Canadas provincial and territorial securities regulators whose objective is to improve, coordinate, and harmonize the regulation of the Canadian capital markets.

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Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.