AnyOption Review

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Calgary — The Canadian Securities Administrators CSA are increasingly concerned about the growth in the number of websites promoting offshore binary options trading platforms that are targeting Canadians.

The CSA wants to make it clear: Offering investment services or products, whether online or in-person, is a regulated activity. Investing with investor alert binary options and fraudcom companies operating outside of Canada can be risky and is a common red flag of investment fraud. Once offshore, it is often impossible for investors to recover their money.

Businesses illegally offering Canadians the chance to make quick and easy money from binary options are operating all over the world. CSA members are working together and with other regulators to share best practices in order to counter these widespread illegal activities. The CSA encourages all investors to visit aretheyregistered. Anyone who has invested investor alert binary options and fraudcom, or has concerns about, an offshore binary options trading platform should contact their local securities regulator.

Always check registration and enforcement history before investing. Be wary of giving out personal information including credit card information over the phone or internet. Take some time to research the opportunity and review it with an independent third party. Ask to have written information about the investment sent to you. Make sure you fully understand an investment. March is Fraud Prevention Month. Investors can also visit the Investor Tools section of the CSA website to learn more about making informed investing decisions.

Report investment fraud now. Call the tip line: Beware binary options platforms Posted: March 23 Calgary — The Canadian Securities Administrators CSA are increasingly concerned about the growth in the number of websites promoting offshore binary options trading platforms that are targeting Canadians.

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Company Filings More Search Options. While some binary options are listed on registered exchanges or traded on a designated contract market that are subject to oversight by U. Much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U. For a comprehensive overview of binary options, including information about investing in binary options that are subject to U.

Binary Options and Fraud. When the binary option expires, the option holder will receive either a pre-determined amount of cash or nothing at all. Typically, a representative of a binary options website will ask a customer to deposit money into an account where the customer can purchase binary options contracts.

Representatives of binary options websites may use fictitious names and tout fake credentials, qualifications, and experience. They may misrepresent where they are calling from for example, pretending that they are in the U. If you are considering investing money with a binary options website, look out for these red flags:.

In addition to perpetrating fraudulent investment schemes, the operators of binary options websites may be violating the federal securities laws through other illegal conduct, including:. Furthermore, if any of the products offered by binary options trading websites are security-based swaps , additional requirements will apply.

Banc de Binary , the binary options seller allegedly solicited U. Some safeguards and remedies are available only to purchasers of securities in registered offerings. In addition, individual investors may not be able to pursue, on their own, some remedies that are available for unregistered offerings. Canadian Securities Administrators Investor Alert: Unregistered binary option platforms target Canadians.

Report possible securities fraud to the SEC. Securities and Exchange Commission. Investor Alerts and Bulletins.