The Financial and Consumer Affairs Authority of Saskatchewan is warning investors of the online entity SimpleWealthFX.

The FCAA says that SimpleWealthFX is not registered to trade or sell securities or derivatives in Saskatchewan. They caution investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses. 

"Saskatchewan residents are advised to exercise caution when contemplating investments with unregistered entities," FCAA Securities Division Executive Director Dean Murrison said, "It is crucial to confirm the seller's registration status through the Canadian Securities Administrators' database at" 

SimpleWealthFX claims to offer Saskatchewan residents trading opportunities, including cryptocurrency, foreign exchange, options, commodities, shares, and indices. 

This entity claims to offer Saskatchewan residents an opportunity to invest in a variety of products through the online website. 

If you have invested with SimpleWealthFX, or anyone claiming to be acting on their behalf, the FCAA asks you to contact their Securities Division at 306-787-5936.