One of Canada’s thirteen provincial financial regulators, the British Columbia Securities Commission (BCSC), included a new binary options broker to its notorious Investor Caution List, putting the binary options industry under the further scrutiny of watchdogs worldwide.
Just recently binary options broker BinaryOnline was put under the regulatory board’s microscope.
BinaryOnline is owned and operated by Zola Ltd. Its online platform operates via the url www.binaryonline.com. The binary options broker claims to be based in Sofia, Bulgaria but was discovered by BCSC to be another unregulated broker. The unlicensed operations were uncovered when a reported BC resident was able to open a trading account with the company.
The British Columbia Securities Commission is the independent provincial government agency that is in charge of the standardization of British Columbia’s capital markets. The individuals and companies that seem to be conducting transactions that can expose traders to potential risks can be found in their Investor Caution List.
Extreme caution is advised by the Canadian watchdog when it comes to trading and dealing with the unregistered brokers included in their warning list.
For the full information, click: http://www.financemagnates.com/binary-options/regulation/canadas-bcsc-warns-on-binary-options-brokers-bsdoption-and-binaryonline/