Canadian Osc As Well As Uk Fca Warn Against 2 Unlicensed Binary Options Brokers: Ctoption & B4binary

The UK Financial Conduct Authority (FCA) as well as the Ontario Securities Commission (OSC) accept issued warnings against ii unlicensed Binary Options brokers: CTOption as well as B4binary.

The FCA has warned UK investors virtually CTOption (ctoption.com), a London-based Binary Options outfit that has been targeting unsuspecting consumers inwards the United Kingdom:

“This work solid is non authorised past times us as well as is targeting people inwards the UK. Based upon data nosotros hold, nosotros believe it is carrying on regulated activities which ask authorisation.”

The FCA too states that CTOption marketing materials are falsely claiming the firm’s fiscal services are regulated past times the agency. On March 17, 2016, the British Columbia Securities Commission too issued a warning on CTOption, stating that the fellowship was taking on BC clients without the proper licenses:

“We late became aware that a BC resident was able to opened upwards an concern human relationship amongst CTOption. The Parties are non registered to merchandise in, or suggest on, securities or telephone substitution contracts inwards BC.”

Ontario’s fiscal watchdog too issued ii warnings today: 1 against Service Global 52 Ltd, as well as or as well as then other 1 against SG 55 Ltd (“SG 55”). Both companies are behind unlicensed Binary Options broker B4binary.com, based out of London, UK!

The OSC’s warnings state that both firms are non registered inwards Ontario, Canada. Additionally, the OSC says that B4binary has non received approving to rate out fiscal advice or engage inwards securities trading inwards the province.