BCSC warns for binary options provider Binary Tilt
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about Binary Tilt, operated by Chemmi Holdings Ltd. (together, the Parties).
Binary Tilt claims to be based in London, England, and offers an online binary options trading platform.
According the warning announcement, BCSC recently became aware of Binary Tilt and that a BC resident was able to open a trading account with Binary Tilt.
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 – Binary Tilt, operated by Chemmi Holdings Ltd. (together, the Parties)
