British Columbia Securities Commission (BCSC), one of the thirteen Canadian provincial financial regulators, has issued a warning to investors about binary options broker Central Option.
The warning was issued to Central Provider Limited, operating as Central Option, making it the latest broker to be added to the watchdog’s warning list which includes the names of unregistered brokers soliciting their services to British Columbia investors.
Central Provider Ltd., which claims to have offices in London, England, Hong Kong, China, and Toronto, Canada, operates Central Option and purports to be a binary options trading platform provider.
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Central Option was blacklisted after the BCSC learned that the company was soliciting BC residents to open a binary options account with them.
The BCSC is the independent provincial government agency responsible for regulating capital markets in British Columbia. Its warning list contains individuals and companies that appear to be engaging in activities that may pose a risk to investors. The BSCS confirms that Central Option is not registered to trade in, or advise on, securities or exchange contracts in BC and urges investors to exercise caution when dealing with this firm.