BCSC Warns Investors about Central Option
Canadian watchdog adds binary options broker Central Option to its warning list.
Finance Magnates Staff
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Regulation
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Retail FX )
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2016-03-30T06:54:25+00:00
2016-03-30T07:54:07+00:00
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.
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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.
Referring to Central options, what risks are traders exposed to other than the ‘gambling ‘aspect of this type of business. Is the company likely to commit fraud and not return capital or ‘profits ‘ when gained. Does this company manipulate the ‘Platform?
i have been doing business with central option for the last 2 months and asked for my $250 refund and always excuses and no refund
my feeling is that i wont see my money again and the not honest and reliable
i am not happy about this, is there any one that can advise me on this without it costing me a fortune
How come this company can keep trading?? I have lost a lot of money with them since July 2016 and they now won’t release any of my funds. They seem to have disappeared but were keen to take my money from me before. Anyone have any tips on how to =get any money out of them??