BCSC Adds Ivory Option and Trades Capital to its Warning List

British Columbia Securities Commission (BCSC), one of Canada’s thirteen provincial financial regulators, has issued a warning to investors about two binary options brokers, adding Ivory Option and Trades Capital to its growing list of companies to beware of.

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The latest additions follow the inclusion of another binary options broker, Magnum Options, which was added to its list earlier this month for soliciting to British Columbia (BC) residents.

Ivory Option: unauthorised solicitation of services

The first warning was issued to Arianus Ltd, operating as Ivory Option under the website www.ivoryoption.com. Ivory Option claims to be based in London, and its website also lists an address in Sofia, Bulgaria. The company, which offers an online binary options Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, was added to the warning list when the BCSC became aware that a British Columbia (BC) resident was able to open a trading account with it.

As is the case with all brokers included on the BCSC’s warning list, Ivory Option 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 effectiv 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 effectiv Read this Term contracts in BC. The company also does not appear to be regulated under any jurisdiction.

Trades Capital: unauthorised advertisment

BCSC has also warned about Trades Capital Ltd (www.tradescapital.com) which is operated by TTN Marketing Ltd. The company claims to be based in Glasgow, and offers an online binary options trading platform.

BCSC was alerted to the company after being made aware of an advertisement placed by Trades Capital in BC when it was not authorised to do so.

BCSC’s warning list contains the names of individuals and companies that appear to be engaging in activities that may pose a risk to investors. The regulator confirms that both these firms are not registered to trade in, or advise on, securities or exchange contracts in BC and urges investors to use caution when dealing with them.