Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Binary Options Companies Forced to Stop Trading in Saskatchewan

Released on April 21, 2017

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued two Cease Trade Orders against Mpower Technologies Limited and Melnic Group Ltd.  The orders expire on May 3, 2017 and may be extended as necessary.

“Despite the issuance of a number of cease trade orders and investor alerts by provincial regulators and the Canadian Securities Administrators, there is an ongoing attempt by these and other binary option companies to solicit funds and investments from Saskatchewan residents,” FCAA Enforcement Branch Deputy Director Ed Rodonets said.  “We are again warning investors about unregistered binary options companies, and are very concerned that despite our ongoing efforts, Saskatchewan residents continue to fall victim to these solicitations.  Over the last two years, Saskatchewan residents have lost more than $420,000.”

Mpower Technologies Limited based out of Cyprus, operating under the name of CFD Corporate, appears to operate two websites: and, which provide binary options trading platforms to the public.

The second company, Melnic Group Ltd., operates out of Bulgaria under the name of and uses the website  None of the named parties are registered to trade in securities in Saskatchewan.  Persons or companies need to be registered in order to sell binary options in Saskatchewan.


Many binary option trading companies’ websites contain references to being registered to do business; however, registration is usually in a foreign country and not applicable in Canada.  Any unsolicited calls or online offerings of investment opportunities should be immediately followed up by checking to see if the companies are registered to do business in Saskatchewan.

Investors can check the registration status of any person or company selling investments by using the Canadian Securities Administrators’ National Registration Search database at

Anyone contacted by Mpower Technologies Limited, CFD Corporate, Melnic Group Ltd., or, or any of their representatives should contact the FCAA Securities Division at 306-787-5936.


For more information, contact:

Shannon McMillan
Financial and Consumer Affairs Authority
Phone: 306-798-4160

We need your feedback to improve Help us improve