CySEC Warns TD Options Not Providing Regulated Binary Options

The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) has issued a public warning against TD Options Limited, a company which claims to possess a license to provide binary options services to traders.

The entity is located online under the umbrella of a website named Basic Venture. The firm claims to be providing binary options services on a website which is largely dedicated to Chinese speaking prospective clients.

There is no display of the platform, but the entity boasts to be located at the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term in London and provides address details to purported offices in Malaysia, Hong Kong and Switzerland.

According to the warning issued by CySEC, TD Options has never been registered nor licensed to operate in Cyprus, and isn’t authorized to provide investment and ancillary services within the jurisdiction.

The firm is not established in Cyprus and its license has not been passported into the jurisdiction by any other regulator.

Basic Ventures appears as a regulated company listing purported certificates on its website which are authorizing its operation. In contrast to the claims of the company, the binary options services provided by the company appear to be unregulated.

While the website of the company shows no binary options platform to speak off, there is a clear mismatch between claims made by Basic Ventures about TD Options. The address listed claims to be the one of the London Stock Exchange, but it states to be located on Throgmorton Street in London, while the exchange is situated on Paternoster square.

The entity has nothing to do with US CFTC regulated TD Ameritrade or its affiliated companies.