Scotia
We checked Scotia against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Scotia claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada MSB regulatory number: M19237073. But FINTRAC does not regulate forex brokers or issue forex licenses, so having registration does not mean being authorized to provide financial services. Scotia registered in Canada, we searched the Investment Industry Regulatory Organization of Canada (IIROC) but found no matching results. The truth is that Scotia is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Scotia is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Scotia.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.