BCSC issued a warning against a Binary Options trading platform based in London
The British Columbia Securities Commission (BCSC) has issued a warning to inform regarding binary options trading platform Edgedale Finance which claims to be based in London, England.
BCSC became aware that a British Columbia (BC) resident was able to open a trading account with Edgedale Finance.
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.
Edgedale Finance 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
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