Two more brokers warned against by Canadian regulator
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Home - Public Warnings! Public Warning — Consumer Alert! We strongly advise you not to use the financial services of BinaryOnline Zola Ltd. Do you have more info about BinaryOnline Zola Ltd. Would you like assistance with filing a claim? BinaryOnline claims to be a binary options trading brokerage based in Sofia, Bulgaria, 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. Options are considered to be securities under the securities warnings and alerts binaryonline makes it to bcscs list in British Columbia BC. The Parties are not registered to trade in, or advise on, securities or exchange contracts in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.
Investor Alert List Who may provide financial services in Singapore? Persons providing financial services in Singapore are required to be licensed, exempt or otherwise regulated by the Monetary Authority of Singapore MAS to carry out activities regulated under the relevant laws administered by MAS. The names of regulated persons in respect of the provision of financial services under the various Acts administered by MAS are listed on MAS' website in the Financial Institutions Directory.
Why should consumers not deal with unregulated persons? Consumers seeking financial services are strongly encouraged to deal only with persons that are regulated by MAS. MAS' regulatory regime aims at safeguarding the interests of consumers by ensuring that only competent and professional persons may provide financial services.
The laws administered by MAS also require disclosure of information on investment products being warnings and alerts binaryonline makes it to bcscs list to consumers. If a consumer chooses to deal with persons that are not regulated by MAS, he forgoes the protection afforded under laws administered by MAS, particularly if these persons are based overseas.
These persons may target Singaporean consumers or overseas consumers by giving them the false impression that they are operating in Singapore. Some of these unregulated persons may sometimes use warnings and alerts binaryonline makes it to bcscs list similar to that of entities regulated by MAS.
The alerts also inform consumers of the steps they can take to protect themselves. Click here to access the alerts. Consumers should exercise care when dealing with these persons or with other persons acting on their behalf.
Overseas consumers who receive solicitations by persons who claim to have an operation in Singapore should also exercise care and check if they are in fact dealing with persons who are regulated by MAS.
Below is a list of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS. The list warnings and alerts binaryonline makes it to bcscs list not exhaustive and will be updated. If you suspect that an unregulated person has committed an offence of a commercial or fraudulent nature, you may wish to refer your case to the Commercial Affairs Department.
Teade Zola Ltd tegevuse kohta Information on Zola Ltd Zola Ltd does not hold an activity licence for the provision of investment services in Estonia and therefore is not authorised to provide investment services in Estonia.
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