British Columbia Securities Commission (BCSC), one of Canada’s thirteen provincial financial regulators, has added binary options broker BigOption to its Investor Caution List.
BigOption, which claims to be based in London and operates under the website of www.bigoption.com, offers binary options trading services on a variety of assets including social and mobile trading.
Not Regulated
The BCSC became aware that a British Columbia (BC) resident was solicited by a representative of BigOption, and was able to open a trading account with the broker. The regulator flagged BigOption as it is not registered to trade in, or advise on, securities or Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term contracts in BC.
Many warnings issued by the BCSC involve unauthorised soliciting or contact with retail investors in Canada by unlicensed brokers, with BigOption joining the likes of others, including Ava Trade which was also recently added to its list for advertising to BC residents without authorisation.
Second Warning
This is not the first time that BigOption has found itself under the spotlight. The broker also received a similar warning from the Ontario Securities Commission (OSC) in June this year for not being registered in Ontario.
As is the case with all brokers included on the BCSC’s warning list who are not registered to trade in and advise on securities or exchange contracts in BC, trading with this broker may pose a risk to investors. The BCSC has therefore urged the public to use caution when dealing with this company.
British Columbia Securities Commission (BCSC), one of Canada’s thirteen provincial financial regulators, has added binary options broker BigOption to its Investor Caution List.
BigOption, which claims to be based in London and operates under the website of www.bigoption.com, offers binary options trading services on a variety of assets including social and mobile trading.
Not Regulated
The BCSC became aware that a British Columbia (BC) resident was solicited by a representative of BigOption, and was able to open a trading account with the broker. The regulator flagged BigOption as it is not registered to trade in, or advise on, securities or Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term contracts in BC.
Many warnings issued by the BCSC involve unauthorised soliciting or contact with retail investors in Canada by unlicensed brokers, with BigOption joining the likes of others, including Ava Trade which was also recently added to its list for advertising to BC residents without authorisation.
Second Warning
This is not the first time that BigOption has found itself under the spotlight. The broker also received a similar warning from the Ontario Securities Commission (OSC) in June this year for not being registered in Ontario.
As is the case with all brokers included on the BCSC’s warning list who are not registered to trade in and advise on securities or exchange contracts in BC, trading with this broker may pose a risk to investors. The BCSC has therefore urged the public to use caution when dealing with this company.
