Investor Warnings Securities
Montréal - The Autorité des marchés financiers is cautioning investors about solicitations made by International Youtrade Investments MA Ltd. and You Trade Holdings Limited on the www.youtradefx.com and www.ytfxaffiliates.com websites.
YouTradeFX invites Québec investors to open accounts to conduct transactions in derivatives. It encourages potential clients 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.
YouTradeFX also appears to offer portfolio management services and various affiliate and partnership programs based on commissions. These brokerage and advisory services seem to be provided by International Youtrade Investments MA Ltd., a company whose head office is located in Mauritius.
The www.youtradefx.com and www.ytfxaffiliates.com websites are operated by You Trade Holding Limited, whose head office is located in the United Kingdom. International Youtrade Investments MA Ltd. and You Trade Holding Limited are not registered as derivatives dealers or advisers with the AMF. The solicitations made on websites by these companies to Québec investors may therefore violate the laws administered by the AMF.
Currency and precious metals markets are complex and volatile. They are intended for investors who have the knowledge, time and resources necessary to monitor market fluctuations. Investors who do not have the necessary knowledge and time risk incurring major losses.
Advice for investors
The AMF reminds investors of the importance of investigating before investing, regardless of whether the companies or individuals are based in Québec or elsewhere. Investors should ensure that the companies and individuals that offer to act as intermediaries hold the necessary approvals from the AMF by checking the Register of firms and individuals authorized to practice on the AMF's website or by calling the AMF Information Centre.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial industry.
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