BCSC issued a warning against a Binary Options trading platform based in Bulgaria
The British Columbia Securities Commission (BCSC) has issued a warning to inform regarding binary options trading platform DGI Market owned and operated by D.G.I. Market Ltd.
According to BCSC, DGI Market claims to be based in Bulgaria and offers an on-line binary options trading platform.
BCSC became aware that a British Columbia (BC) resident was able to open a trading account with DGI Market.
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.
DGI Market owned and operated by D.G.I. Market Ltd is not registered to trade in, or advise on, securities or exchange contracts 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
