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FCAA warns Saskatchewan residents of online entities: My Profit Live and TradeOnyx

By Keira Miller Oct 22, 2023 | 11:50 AM

The Financial and Consumer Affairs Authority of Saskatchewan is warning investors of two online entities: My Profit Live and TradeOnyx.

My Profit Live claims to offer Saskatchewan residents trading opportunities, including cryptocurrency, foreign exchange, options, commodities, currency pairs, contracts for difference, ETFs, and futures through the online website.

TradeOnyx claims to offer Saskatchewan residents trading opportunities, including cryptocurrency, foreign exchange, bonds and currency pairs also through the online website.

Neither entity is registered to trade or sell securities or derivatives in the province. The FCAA cautions investors and consumers, as they may not be legitimate businesses.

Anyone who has invested with My Profit Live, TradeOnyx or anyone claiming to be acting on their behalf is advised to contact the FCAA’s Securities Division.