The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of the online entity known as Florence Trade.

Florence Trade claims to offer Saskatchewan residents trading opportunities, including stocks, cryptocurrencies, bonds, exchange-traded funds (ETFs), hedge funds, commodities in the form of precious metals, and derivatives in the form of futures and options contracts.

This alert applies to the online entity using the website “florencetrade dot com”. In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives and Florence Trade is not.