Canadian regulator OSC adds binary brokers WinOptions, BigOption and OptionRidge to investor warning list


Canada’s largest provincial financial regulator, the Ontario Securities Commission (OSC), has issued three new investor warnings against unlicensed binary options brokers.

The OSC typically issues warnings regarding unlicensed companies that appear to be engaging in activities that may pose a risk to investors in its jurisdiction, and which are apparently targeting Canadian traders.

The OSC’s updated investor warning alert list can be seen here.

Added to the OSC’s warning list are:

WinOptions, at www.winoptions.com, operated by SAL Ltd.

BigOption, at www.bigoption.com, operated by Wirestech Limited

OptionRidge, at www.optionridge.com, operated by Mountain Rider Ltd.

In the US, BigOption had also previously been added to the CFTC’s ‘RED List’ of foreign brokers targeting US clients.

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Canadian regulator OSC adds binary brokers WinOptions, BigOption and OptionRidge to investor warning list

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