BCSC warns about the online binary options trading TorOption
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about TorOption, which is owned and operated by Smart Choice Zone LP (together, the Parties).
TorOption claims to be based in Glasgow, Scotland, and provides an online binary options trading platform.
According the warning announcement, BCSC recently became aware of TorOption and that a BC resident was able to open a trading account with TorOption.
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 – TorOption, which is owned and operated by Smart Choice Zone LP (together, the Parties)
Related Posts
BCSC warns for a Binary Options provider based in Bulgaria- BCSC warns about binary options provider GTOptions
- BCSC warns about binary options brokerage BSDOption
- BCSC issued a warning against a Binary Options trading platform based in Bulgaria
- BCSC issued warnings against Binary Options trading platforms
