TL;DR: the short answer

BCSC warned on 2021-07-28 that SPX Markets (spxmarkets.com), claiming to be UK-based with crypto, stock, commodity and forex trading accounts, is not registered to trade or advise in BC.

Scambaba rates SPX Markets critical risk with a risk score of 8.5/10, last verified 2026-10-24.

Key facts

Key risk attributes for SPX Markets
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 forex/crypto trading accounts
Reported domains
  • www.spxmarkets.com
First listed 2026-10-24
Last verified 2026-10-24

Red flags reported for SPX Markets

  • Claims to be based in the United Kingdom
  • Offers trading accounts in cryptocurrencies, stocks, commodities and forex
  • The BCSC says SPX Markets is not registered to trade in, or advise on, securities or derivatives in BC
  • Accepts BC residents as clients despite lacking registration
  • Name echoes the S&P 500 index shorthand "SPX", which may lend an air of legitimacy

Detailed threat analysis

What the BCSC says

The British Columbia Securities Commission (BCSC) published its warning about SPX Markets on 2021-07-28. According to the notice, the firm claims to be based in the United Kingdom and to offer trading accounts in cryptocurrencies, stocks, commodities and forex. The BCSC states that it is aware of SPX Markets accepting BC residents as clients and that "SPX Markets is not registered to trade in, or advise on, securities or derivatives in BC." The website listed is spxmarkets.com. The BCSC encourages caution with unregistered firms and directs readers to InvestRight.

What the notice does not cover

It does not report any specific complaint, amount lost or contact method, so none is described here.

Practical guidance

General advice, not a statement about SPX Markets: "SPX" is a familiar ticker symbol for a major US index, and brand names built from market jargon can make a platform feel established. Treat names as marketing. A stock trading account should be held with a registered dealer who can show you where your securities are held in your name or at a recognised custodian. Ask for the dealer's registration number and the name of the clearing or custodian firm. If a platform cannot say who holds your assets, or only lets you see numbers on a web dashboard, that is a reason to hold off.

What to do if you dealt with SPX Markets

  1. 01Ask which registered dealer holds your assets and request its registration number.
  2. 02Verify registration at aboutregistration.ca before opening an account.
  3. 03Treat jargon-heavy brand names as marketing, not credentials.
  4. 04If you deposited funds, ask your bank about a dispute and report to the BCSC and the Canadian Anti-Fraud Centre (1-888-495-8501).
  5. 05Save screenshots of your account and any statements.

Frequently asked questions

What does SPX Markets claim to offer?

The BCSC's 2021-07-28 notice says it claims to offer trading accounts in cryptocurrencies, stocks, commodities and forex.

Is SPX Markets registered in BC?

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

Where does SPX Markets say it is based?

The BCSC says it claims to be based in the United Kingdom; the regulator does not confirm this.

Sources

  1. SPX Markets - Investment Caution List, BC Securities Commission, 2021-07-28

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.