The Ontario Securities Commission (OSC) issued an Investor Alert on July 13 to warn Ontarians that HQBroker is not registered to sell securities in the province.
“HQBroker manages the website hqbroker.com, where it claims to offer a variety of trading solutions to retail and institutional investors through contracts for difference, derivatives and forex currency pairs,” says the alert.
The OSC adds that the Securities and Futures Commission of Hong Kong also issued an investor warning about HQBroker.
The OSC says HQBroker is actively soliciting Ontarians using an Ontario phone number. Ontarians who have been approached by representatives of HQBroker are advised to contact the OSC Inquiries and Contact Centre at 1-877-785-1555 or [email protected]