BCSC issued warnings against Binary Options trading platforms
The British Columbia Securities Commission (BCSC) has issued warnings to inform public and investors for online binary options trading platform providers.
According the warnings, BCSC recently became aware that British Columbia (BC) residents were able to open a trading account with the below firms that are not registered to trade in, or advise on, securities or exchange contracts in BC.
The two online binary options trading platform providers are:
1) Option Stars and OptionStarsGlobal, owned by Novox Capital Ltd
www.optionstars.com
www.optionstarsglobal.com
Option Stars and OptionStarsGlobal (together, Option Stars) claim to be based in Bulgaria and Samoa, and offer an online binary options trading platform.
2) Titan Trade
www.titantrade.com
Titan Trade claims to be based in Belize City, Belize, and offers an online binary options trading platform.
A binary option is a type of option whose payout depends on whether the underlying asset (such as a stock, a commodity, a currency pairing, etc.) increases or decreases in value. Options are considered to be securities under the securities legislation in BC.
BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
Source: BCSC – Option Stars and OptionStarsGlobal, owned by Novox Capital Ltd – Titan Trade
