uTrader and Day Dream Investments Ltd. (together, the Parties)
uTrader claims to be an online Contracts For Difference (CFDs), Forex and options trading platform provider. Day Dream Investments Ltd., which claims to be located in the Republic of the Marshall Islands, owns the uTrader website and the uTrader trademark.
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 BC.
We recently became aware of the Parties and that a BC resident was able to open a trading account with uTrader.
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.
For information on how to become better informed about investment products and services, please visit InvestRight, at www.investright.org.