2016 Avatrade BSCS warning

Avatrade BSCS warning was announced on the 31st of may 2016. The concept of the warning states that Avatrade does not have any regulatory listing in Canada.

DESCRIPTION

Avatrade BSCS warning  was announced on the 31st of may 2016. The concept of the warning is based on the fact that Avatrade does not have any regulatory listing in Canada. Canadian Forex traders should not trade with Avatrade according to the BSCS warning statement on Avatrade.

The initial warning announcement covered the following:

“Ava Trade Ltd. claims to be a regulated on-line broker, based in the British Virgin Islands. We became aware of a recent advertisement placed by Ava Trade Ltd. in British Columbia (BC). Ava Trade Ltd. is not registered to trade in, or advise on, securities or exchange contracts in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.”

To see the full Avatrade BSCS warning details, see the original warning news on BSCS warns against AvaTrade.

Broker

AvaTrade

Regulator

BCSC - British Columbia Securities Commission
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