In addition, those who have provided credit or personal information to binary options sites frequently fall victim to identity theft. The firms and individuals involved in the operation of binary options trading platforms are often located overseas. Investing offshore is a common red flag of fraud, as it may be impossible for investors to get their money back if something goes wrong.

Anyone who has invested with, or has concerns about, an offshore binary options trading platform should immediately contact their local securities regulator. Before making a decision to invest in any product, the CSA encourages all investors to visit aretheyregistered. ca to check the registration of a person or company offering the investment.

There are no registered individuals or firms permitted to trade binary options products in Canada. Any firm or individual selling investments or offering advice must be registered in the province where they do business. Registration helps protect investors because regulators will only register firms and individuals that are properly qualified. Media inquiries: Janine Allen Kaiser Lachance Communications T: Once offshore, it is often impossible for investors to recover their money.

Businesses illegally offering Canadians the chance to make quick and easy money from binary options are operating all over the world. CSA members are working together and with other regulators to share best practices in order to counter these widespread illegal activities. The CSA encourages all investors to visit aretheyregistered.

ca to check the registration of any person or company offering investments to Canadians. Anyone who has invested with, or has concerns about, an offshore binary options trading platform should contact their local securities regulator.

March is Fraud Prevention Month. Investors can also visit the Investor Tools section of the CSA website to learn more about making informed investing decisions. Andrew Nicholson Financial and Consumer Services Commission, New Brunswick Carl Allwood Office of the Superintendent of Securities Newfoundland and Labrador Binary options are highly volatile and can produce wins or losses quickly, and because they are often traded in currency markets, they can present a high level of risk for many investors.

There are several websites that allow users to trade binary options. Some may claim that these investments are risk-free or that the site will reimburse investors for lost wagers. However, these claims are inherently too good to be true; all investing involves some amount of risk, and most site disclaimers will clearly state that investors could stand to lose their entire investment.

Many binary trading platforms are based overseas, despite listing a Canadian phone number or address. The companies operating these platforms may not be registered to conduct business in Canada, and all investors are encouraged to check the registration of a broker or firm before investing by visiting aretheyregistered.

Beware binary options platforms. Component Menu Left Sidebar. For Immediate Release CSA Investor Alert March 23, Calgary — The Canadian Securities Administrators CSA are increasingly concerned about the growth in the number of websites promoting offshore binary options trading platforms that are targeting Canadians. Best practices: Always check registration and enforcement history before investing.

In this Instrument, "binary option" means a contract or instrument that provides for only. a a predetermined fixed amount if the underlying interest referenced in the contract or instrument meets one or more predetermined conditions, and.

b zero or another predetermined fixed amount if the underlying interest referenced in the contract or instrument does not meet one or more predetermined conditions. No person or company may advertise, offer, sell or otherwise trade a binary option with or to an individual.

No person or company may advertise, offer, sell or otherwise trade a binary option with or to a person or company that was created, or is used, solely to trade a binary option. Sections 2 and 3 do not apply in respect of a binary option having a term to maturity of 30 days or longer. Multilateral Instrument Prohibition of Binary Options. Breadcrumb Home Securities law Instruments, rules and policies 9 - Derivatives Multilateral Instrument Prohibition of Binary Options.

Component Menu Left Sidebar. December 7, Download document. In this Instrument, "binary option" means a contract or instrument that provides for only a a predetermined fixed amount if the underlying interest referenced in the contract or instrument meets one or more predetermined conditions, and b zero or another predetermined fixed amount if the underlying interest referenced in the contract or instrument does not meet one or more predetermined conditions.

Trading binary options with an individual prohibited 2. Trading binary options with a person or company other than an individual prohibited 3. Binary options having a term to maturity of 30 days or longer 4. Exemption -- general 5. Effective date 6. Main navigation mobile.

Exclusion for offering binary options to sophisticated investors. Amongst marketers, such lists are one of their most important assets and instrumental to sales. The Instrument is one aspect of the CSA's multi-pronged effort to combat binary options fraud. In this Instrument, "binary option" means a contract or instrument that provides for only. Many of these products and the platforms offering them have been identified as vehicles to commit fraud. Take some time to research the opportunity and review it with an independent third party. The commenter submitted that the Participating Jurisdictions should also work with search engine providers to limit online advertising of illegal services to Canadian consumers.

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