The Financial and Consumer Services Commission (FCNB) has become aware that Profiitrend, which claims to be an AI-based trading powerhouse for forex, cryptocurrency and robot trading, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. Profiitrend appears to be operating out of the United Kingdom.
New Brunswickers are urged to exercise caution when investing with Profiitrend or any unregistered entities or individual(s) as this presents a significant risk. Individuals and firms in the business of advising or trading in securities or derivatives in New Brunswick must be registered with FCNB.