TORONTO, Oct. 24, 2013 /CNW/ - The Ontario Securities Commission (OSC) is cautioning Ontario investors about solicitations made by International Youtrade Investments MA Ltd. and You Trade Holdings Limited (YoutradeFX). YoutradeFX operates through the websites www.youtradefx.com and www.ytfxaffiliates.com.
YoutradeFX solicits investors to open trading accounts to conduct electronic transactions on foreign exchange markets (Forex) and invest in certificates for difference (CFD), in particular on precious metals, indexes, commodities and stocks. These companies are not registered to sell derivative products in Ontario and are purported to be located in the United Kingdom and Mauritius respectively.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC's investor materials available at www.osc.gov.on.ca.
If you have any questions or information relating to this matter, please contact the OSC Contact Centre at 1-877-785-1555.
SOURCE Ontario Securities Commission