StoxMarket, owned and operated by Marketier Holdings Limited (together, the Parties)
StoxMarket claims to be based in the Commonwealth of Dominica, and offers an online Forex and contracts for difference (CFDs) trading platform.
CFDs are a type of derivative security that allow traders to speculate on the price movements of an underlying asset. CFDs are considered to be securities under the securities legislation in British Columbia (BC).
We recently became aware of StoxMarket and that a BC resident was able to open a trading account with StoxMarket.
The Parties are 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.