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Screenshot of a breaking news alert e-mail from Q2 2017
Canadian financial regulator BCSC (the British Columbia Securities Commission) has added Option Financial Markets operated by B.O. Technologies Limited at website Option.fm to its Investment Caution list.
Option Financial Markets claims to be based in Hong Kong and offers an online binary options trading platform.
The BCSC became aware that a British Columbia resident was solicited by a representative of Option Financial Markets, and was able to open a trading account with Option Financial Markets.
However Option.fm and the company operating it are not registered to trade in, or advise on, securities or exchange contracts in BC.
The BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
More on the BCSC warning can be seen on the regulator’s website here.