Beware of ForexGrand and 247 Options Trade

Regulators from Canada and Mauritius have warned against two unregulated brokers.

The British Columbia Securities Commission has published an alert about the Forex broker Forex Grand. It is owned and run by companies from Marshall Islands and Bulgaria.

However, the broker is not regulated, yet it is soliciting residents of regulated countries.

The second warning is about the broker 247 Options Trade. The FSC from Mauritius has warned that a representative of this broker is showing a forged licence. 247 Options Trade is not regulated.

For trading, use regulated brokers only.

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