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Calgary — The Canadian Securities Administrators CSA today published for comment National Instrument Prohibition of Binary Options. The proposed instrument would prohibit advertising, offering, selling or otherwise trading a binary option to an individual.

Binary Trading Options - Binary Options Guide For Dummies & You

Binary options take the form of a wager in which investors bet on the performance of an underlying asset, often a currency, commodity, stock index, or share. The timeframe on this bet is typically very short, sometimes hours or even minutes.

When the time is up, the investor either receives a predetermined payout or loses the entire amount. In many instances, no actual trading occurs and the transaction takes place for the sole purpose of stealing money. In addition, those who have provided credit or personal information to binary options sites frequently fall victim to identity theft.

Option (finance) - Wikipedia

The firms and individuals involved in binary options trading platforms are often located overseas. Investing offshore is a common red flag of fraud, as it may be impossible the best online brokers for penny stock trading get your money back if something goes wrong.

Any firm or individual selling investments or offering advice must be registered in the province where they do business. Before making a decision to invest, investors should visit aretheyregistered.

Registration helps protect investors because regulators will only register firms and individuals that are properly qualified. There are no registered individuals or firms permitted to trade binary options in Canada.

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The CSA encourages comments by May 29, The British Columbia Securities Commission did not publish the proposed instrument for good way to make money on runescape f2p, although staff anticipates asset or nothing binary options dealers so in the near future, after obtaining necessary approval.

Anyone who has invested with or has concerns about an offshore binary options trading platform should immediately contact their local securities regulator. For more information on binary options fraud, please visit http: Nicole Tuncay Alberta Securities Commission Kristen Rose Ontario Securities Commission Alison Walker British Columbia Securities Commission Jason Jay Booth Manitoba Securities Commission Andrew Nicholson Financial and Consumer Services Commission, New Brunswick Janice Callbeck Office of the Superintendent of Securities P.

Rhonda Horte Office of the Yukon Superintendent of Securities Jeff Mason Nunavut Securities Office Tom Hall Northwest Territories Securities Office Shannon McMillan Financial and Consumer Affairs Authority of Saskatchewan Twitter LinkedIn Youtube Email Alerts Rss Feeds. OSC in the Community.

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