The Financial and Consumer Affairs Authority of Saskatchewan is warning Saskatchewan residents of four online entities.

The online entities are known as WiseProfitWay, GoStoneMax, Sway Horizon AI and Vault-Bit.

WiseProfitWay, GoStoneMax and Sway Horizon AI all claim to offer Saskatchewan residents investment trading opportunities. WiseProfitWay claims to offer stocks and cryptocurrencies, while Sway Horizon AI claims to offer currency pairs.

On the other hand, Vault-Bit claims to offer Saskatchewan residents cryptocurrency wallet and custody services, including buying and exchange services.

The FCAA warns that WiseProfitWay, GoStoneMax, Sway Horizon AI and Vault-Bit are not registered to trade or sell securities or derivatives in Saskatchewan. Despite not being registered with the FCAA, the companies falsely claim otherwise.

Saskatchewan residents looking to invest should always check the company’s registration status at aretheyregistered.ca. Anyone who has invested with any of the four entities is asked to contact the FCAA’s security division