Tuesday , 26 September 2017
Home » News » Canadian Regulator Warning – Option Financial Markets (Option.fm)

Canadian Regulator Warning – Option Financial Markets (Option.fm)

Auteur :

One of the most active Canadian regulators in tracking online trading scams just warned against binary options broker Option Financial Markets operating under the name Option.fm. In an official statement, the BCSC (the British Columbia Securities Commission) warned Canadian investors against Option Financial Markets and even added the binary options broker to its Investment Caution list. This list includes all the brokers that are operating in Canada or trying to attract Canadian investors without the necessary authorizations to do so.

Option Financial Markets fm regulator warning

Option Financial Markets (Option.fm) is not authorised in Canada

As explained by the BCSC, Option Financial Markets (operating under the brand name option.fm) pretends to be registered in Hong Kong and to focus on the Asian market. The broker proposes an online investment platform for binary options trading with multiple maturities. According to the regulator, Canadian investors have recently been solicited by the broker and some of them managed to open a trading account with Option Financial Markets. However, neither Option Financial Markets nor B.O. Technologies Limited, the holding company behind the option.fm trading brand are registered or authorised to operate in Canada.

Only trade with fully regulated binary option brokers

As always, this is another countless examples of brokers trying to attract investors from jurisdictions where they are not authorised to offer trading services. We recommend investors to exercise an extreme caution with such caution. Remember that you must always check that your broker is regulated in Europe (most of the time by the CySEC in Europe) and that it is authorised to operate in your country. You can easily find this information on the website of your domestic financial regulator (FCA in the United Kingdom, AMF in France, CONSOB in Italy…). We highly recommend you to stick to our list of recommend brokers that all received all the necessary authorisations and trading license to offer their services across Europe.  They are the best binary options brokers out there with comparative advantages: Topoption offers the lowest minimum binary options deposit, Banc De Binary offers the best binary options bonus

Visit Banc De Binary

One comment

  1. After opening a basic account, you then receive unsolicited calls from Hong Kong upselling you to upgrade to Financier level $40K. After upgrading, this man starts you trading with total disregard for risk management of your account. He lost me $60K in a 30 minute 60 second trading session. His results:
    Total value traded: $352,400. 43 Won. 78 Lost.
    Win% 35.5% Total Lost: $66K
    When you complain about his lack of money management skills, you get a call from an Account Recovery Manager who can only help you provided you top your account level back up to $40K
    Theses are just scam artists driven by greed using “Risk Free Money”…YOURS.
    They will risk your entire trading bank. I have today closed my account and will be filing an official complaint for the recovery of my initial investment.
    They do not follow the accepted norm in binary options trading of trading 1-5% of your balance per trade.
    If you can master the skill of chart reading…Trade on your own…forget these “Chancers”
    After losing you thousands they refer to you as their mate. Look for a reputable broker who will manage your account effectively and not risk your entire account. You are discouraged from making withdrawals or contacting customer support. They want you up to “Mogul Level 100K” in your account so they can lose more of your money.

Leave a Reply

Your email address will not be published. Required fields are marked *

*