Quebec AMF Issues an Updated Binary Options Warning List
- According to one of the provincial Canadian regulators, residents of Quebec should avoid dealing with a list of 36 off exchange binary options providers offering unauthorized trading to Canadian residents.
An announcement by the Autorité des marchés financiers (the “AMF”), regulating Canadian province Québec, has outlined some changes to the list of companies offering Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term of binary options within its jurisdiction.
The regulatory body has warned the public against dealing with the Gibraltar incorporated company, Old Square Holdings Inc, operating the website amberoptions.com. Residents of Quebec should avoid trading via the above mentioned website as the regulator has updated its list to include all companies identified by the AMF as unauthorized to provide their services.
Canadian regulators have identified binary options providers as entities who need licensing and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term within the country, in order to operate. An authorized entity, providing legally binary options trading services for Canadian customers would be US-based NADEX, which is regulated under the U.S. CFTC as a binary options exchange.
The Canadian regulator highlights that offering investment services or products, whether on the Internet, from an electronic platform or in person, is a regulated activity. Any person or company offering investments must be registered with the AMF. Furthermore, the AMF must approve any company that creates or markets derivatives and authorize the marketing of those derivatives.
Back in July, the AMF already published a list of the unregulated entities. Following is the full list of companies which are not authorized to provide binary options trading services within the jurisdiction of the Quebec AMF:
Full List of Unauthorized Companies by the Quebec AMF
An announcement by the Autorité des marchés financiers (the “AMF”), regulating Canadian province Québec, has outlined some changes to the list of companies offering Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term of binary options within its jurisdiction.
The regulatory body has warned the public against dealing with the Gibraltar incorporated company, Old Square Holdings Inc, operating the website amberoptions.com. Residents of Quebec should avoid trading via the above mentioned website as the regulator has updated its list to include all companies identified by the AMF as unauthorized to provide their services.
Canadian regulators have identified binary options providers as entities who need licensing and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term within the country, in order to operate. An authorized entity, providing legally binary options trading services for Canadian customers would be US-based NADEX, which is regulated under the U.S. CFTC as a binary options exchange.
The Canadian regulator highlights that offering investment services or products, whether on the Internet, from an electronic platform or in person, is a regulated activity. Any person or company offering investments must be registered with the AMF. Furthermore, the AMF must approve any company that creates or markets derivatives and authorize the marketing of those derivatives.
Back in July, the AMF already published a list of the unregulated entities. Following is the full list of companies which are not authorized to provide binary options trading services within the jurisdiction of the Quebec AMF:
Full List of Unauthorized Companies by the Quebec AMF