TL;DR: the short answer

BCSC warned on 2021-10-13 that Digital FX Market (digitalfxmarket.com), claiming to be based in Toronto, Ontario and to offer crypto and forex accounts, is not registered to trade or advise in BC.

Scambaba rates Digital FX Market critical risk with a risk score of 8.5/10, last verified 2026-10-24.

Key facts

Key risk attributes for Digital FX Market
Risk score 8.5 / 10 (Critical Risk)
Status On BCSC Investment Caution List (not registered/recognized in BC)
Category Crypto / Forex Scam
Primary scam vector Unregistered crypto/forex trading accounts
Reported domains
  • digitalfxmarket.com
First listed 2026-10-24
Last verified 2026-10-24

Red flags reported for Digital FX Market

  • Claims to be based in Toronto, Ontario
  • Offers cryptocurrency and forex trading accounts and other investment services
  • The BCSC states it is not registered to trade in, or advise on, securities or derivatives in BC
  • Accepts BC residents as clients
  • A Canadian address can create a false sense of safety

Detailed threat analysis

What the BCSC says

The British Columbia Securities Commission (BCSC) published its warning about Digital FX Market on 2021-10-13. According to the notice, the firm claims to be based in Toronto, Ontario, and to offer cryptocurrency and forex trading accounts and other investment services. The BCSC is aware it accepts BC residents as clients, and states that "Digital FX Market is not registered to trade in, or advise on, securities or derivatives in BC." The website is digitalfxmarket.com. The BCSC urges caution with unregistered firms and refers readers to InvestRight.

A Canadian claim is still a claim

This is one of the few entries here where the firm says it is Canadian. The BCSC reports the claim but does not confirm it, and its warning concerns registration in British Columbia only. The notice does not say whether the firm is registered anywhere else.

Practical guidance

General advice: a Canadian address does not mean a firm is registered. Registration is provincial, and a firm dealing with people in several provinces may need to be registered in each of them. Use the National Registration Search at aboutregistration.ca, and also confirm with the Ontario Securities Commission if a firm cites an Ontario base. Search the claimed street address independently, as a virtual office or residential unit is a reason to ask more questions. Forex accounts for retail clients are high risk even when regulated, so ask what leverage applies.

What to do if you dealt with Digital FX Market

  1. 01Use aboutregistration.ca and, for an Ontario claim, contact the Ontario Securities Commission to confirm registration.
  2. 02Search the claimed street address independently to see what actually operates there.
  3. 03Ask what leverage applies to forex accounts and what happens if your balance falls.
  4. 04If you deposited, contact your bank and report to the BCSC and the Canadian Anti-Fraud Centre (1-888-495-8501).
  5. 05Keep the account agreement and all payment confirmations.

Frequently asked questions

Is Digital FX Market a Canadian company?

The BCSC's 2021-10-13 notice says it claims to be based in Toronto, Ontario. The regulator does not confirm that claim.

Is Digital FX Market registered in BC?

The BCSC states it is not registered to trade in, or advise on, securities or derivatives in BC.

Does a Toronto address mean a firm is registered?

No. Registration is a separate matter. As general advice, verify it through aboutregistration.ca.

Sources

  1. Digital FX Market - Investment Caution List, BC Securities Commission, 2021-10-13

This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.