Canadian securities regulators are moving to ban binary options trading after warnings to investors failed to keep people from losing money to fraudulent schemes. The reform proposed Wednesday by the Canadian Securities Administrators, an umbrella group for watchdogs across the country, would prohibit advertising, offering, selling or trading a binary option to an individual.
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.