BCSC warns about binary options brokerage BSDOption
The British Columbia Securities Commission (BCSC) has issued warnings to inform public and investors about BSDOption, operated by Lybss Ltd. and owned by YDBM Ltd. (collectively, the Parties).
BSDOption claims to be a binary options trading brokerage based in Liverpool, England, and offers an online binary options trading platform.
According the warning, BCSC recently became aware that a British Columbia (BC) resident was able to open a trading account with BSDOption.
BCSC informs that the Parties are not registered to trade in, or advise on, securities or exchange contracts in BC.
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 – BSDOption, operated by Lybss Ltd. and owned by YDBM Ltd. (collectively, the Parties)
