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 STR Capital.

Canadian Regulator BCSC Warns Against Binary Options Scam PeakOptions24

peakoptions24 scam
peakoptions24 scam

Canadian securities regulator the British Columbia Securities Commission (BCSC) issued a warning today against a suspicious entity named peakoptions24.

Peakoptions24 is operating via the website and claims to be “one of the leading binary options brokers in the industry, with a high payout of 81% in binary options contracts”. Peakoptions24 also claims to have an office in New York City.

The regulator recently became aware of peakoptions24 and that it had accepted funds from a British Columbia (BC) resident to trade with the company, though the company is not registered to trade in, or advise on, securities or exchange contracts in BC.

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

This is the third scam warning issued by the regulator this week. The other two are against the entities ICG International Commodities Group and Sussex Investment.