Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker TR Binary Options, formerly known as Trade Rush, owned by Melnic Group Ltd., and operated from website trbinaryoptions.com.
According to the BCSC, TR Binary Options claims to be based in Sofia, Bulgaria, and offers an online binary options trading platform.
The regulator became aware of TR Binary Options and that a Canadian resident was able to open a trading account with TR Binary Options.
TR Binary Options seems to be related to another unlicensed broker, Boss Options, which also recently received a BCSC warning.
TR Binary Options is not registered to trade in, or advise on, securities or exchange contracts in BC or elsewhere in Canada.
BCSC urged BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
The BCSC warning against TR Binary Options can be seen here.