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IMPORTANT UPDATE AND WARNING:

We have recently received complaints and read many negative reviews on the internet about regulated binary options brokers using indecent practice towards traders. Although some binary brokers may be regulated, we do not recommend opening a trading account with ANY broker, be it a regulated broker or a non regulated broker, as THEY ALL seem to be unethical and non-trustworthy, even the regulated ones! If you have been scammed by such a company you can check out our RECOVER FUNDS FROM BINARY SCAMS section.

Also, instead of trading binaries which are mostly scams, you can trade with a trustworthy and popular FOREX broker such as FXORO.



Canadian BCSC Warns Against Cryptocurrency Binary Options Broker 332option.com

Originally posted on leaprate.com by VALENTINA KIRILOV

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List bitcoin Binary Options broker 332option and B.I.S. Blueport Investment Services Ltd. (BIS).

332option claims to be licensed by the Cyprus Securities and Exchange Commission under the name BIS, and offers an online binary options trading platform.

A binary option is a type of option whose payout depends on whether the underlying asset (such as a stock, a commodity, a currency pairing, etc.) increases or decreases in value. Options are considered to be securities under the securities legislation in British Columbia (BC).

The Parties are not registered to trade in, or advise on, securities or exchange contracts in BC.

BCSC has urged BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.

The official warning can be seen here.