Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding binary options broker BigOption (at website bigoption.com), operated by Wirestech Limited.
Most of warnings of this type involved unauthorized advertising to or contact with retail investors in Canada by unlicensed brokers, and this one is no different.
According to the BCSC, BigOption claims to be based in London, England. The BCSC became aware that a British Columbia resident was solicited by a representative of BigOption, and was able to open a trading account with BigOption.
BigOption is not registered to trade in, or advise on, securities or exchange contracts in BC or elsewhere in Canada.
The BCSC warning against BigOption can be seen here.