Ontario Securities Commission warns investors about unregulated binary options firm Options Area

Ever vigilant Canadian provincial regulator, the Ontario Securities Commission (OSC) has today issued a warning to potential investors relating to a binary options brand which operates under the name of Options Area.

The OSC advises that Options Area Inc. doing business as optionsarea.com, is not registered in Ontario, Canada to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities.

Unlike south of the border in the United States where the provision of off-exchange binary options is illegal and all binary options trading must be conducted through either NADEX or Cantor Exchange which are both dedicated binary options exchanges, brokerages are allowed to provide OTC binary options to retail customers in Canada, subject to regulatory approval by the relevant provincial regulator.

For the official announcement from the OSC, click here.

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