Continuing a string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued two Cease Trade Orders against Mpower Technologies Limited and Melnic Group Ltd. The orders expire on May 3, 2017 and may be extended as necessary.
Mpower Technologies Limited claims to be based out of Cyprus, however it does not appear on the list of firms licensed by Cyprus regulator CySEC. Mpower operates under the name of CFD Corporate, and appears to operate two websites: binarycorporate.com and cfdcorporate.com, which provide binary options trading platforms to the public.
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