de | cn | ru

Market News

Canada's BCSC warns of binary options broker 332option

 Canada's provincial regulator, the British Columbia Securities Commission (BCSC) has added the binary options broker 332option to its warning list.


 

According to the BCSC, the owning company Blueport Investment Services Ltd. (BIS) is not registered to trade in, or advise on, securities or exchange contracts in BC.


 

BCSC notes that BIS claims to be registered in Cyprus and our check in the Cyprus Securities and Exchange Commission revealed that it this is indeed the case. According to its website, the BIS is an asset management company based in Nicosia. It provides investment advice and portfolio management.


 

This, however, does not mean it can provide its services in Canada, as it does not have a local license. As per Canadian legislation, the companies providing financial services in the country have to be licensed by the relevant provincial regulators, like the BCSC.

 

 

TAGS: canada  bcsc  332option   

Related forex news

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4, Web $10 Review Website
Cyprus, UK CySEC, FCA eToro
WebTrader,
eToro OpenBook
$500 Review Website

More Forex Market News

Bitconnect shuts down exchange, stops lending too

Jan 17 2018 15:11:14

 Bitconnect, a company offering cryptocurrency trading and lending, said it is shutting down its operations. Read more

As China plans another clampdown on crypto trading, Bitcoin falls below $10 000

Jan 17 2018 14:30:56

The Chinese government is planning another clampdown on trading in cryptocurrencies, according to reports of Bloomberg. Read more

South Korea still on the fence about cryptocurrency trading ban, rattles markets

Jan 12 2018 15:07:49

 The South Korean saga with the possible ban on cryptocurrency exchanges and trading in the second largest (by volume) market in the world continues and apparently the government is still on the fence on the matter. Read more

Kodak enters cryptocurrency world with ICO of KODAKCoin

Jan 10 2018 14:50:29

Kodak, still known for its sginificant contributions to photography and film, announced it is venturing into cryptocurrency territory with the launch of the cryptocurrency KODAKCoin and the image rights management platform KODAKOne, in partnership with WENN Digital. Read more

Italy’s CONSOB warns of The Bitcoin Code

Jan 08 2018 15:12:48

 Italy’s financial markets regulator CONSOB has issued a warning against The Bitcoin Code binary options trading robot.    According to the announcement, the activity carried out through the websites thebitcoinscode.com/it/, the-bitcoin-code.com, thebitcoincode. Read more

Japan’s DMM Group launches DMM Bitcoin exchange

Jan 05 2018 14:42:08

 Japan’s online entertainment and e-commerce giant DMM Group announced it is launching a cryptocurrency exchange called DMM Bitcoin on January 10 and is accepting clients from the following day. Read more

Let’s get Technical: A Closer Look at the top 5 Technical Analysis Tools

Jan 03 2018 15:39:12

It’s no secret that a trader’s success relies on the effectiveness of his trading strategy. In order to compose a solid trading strategy, it’s imperative that a trader uses widespread information from both technical and fundamental analysis. Read more

Egypt’s Grand Mufti: Bitcoin is forbidden in Sharia law

Jan 03 2018 14:57:02

 Egypt’s Grand Mufti Sheik Shawki Allam has issued a fatwa against trading in cryptocurrencies. Read more

Huobi targets Japan, South Korea

Jan 02 2018 14:35:31

 Huobi, which was one of China’s largest cryptocurrency exchanges before the authorities shut down the platforms, is moving its business to Japan and South Korea, which are among the largest global cryptocurrency markets, reports CCN. Read more

UK’s FCA warns GalaFX, CryptoBrain are clones

Jan 02 2018 13:51:50

 UK’s Financial Conduct Authority (FCA) has issued a warning against two clones of FCA-registered companies: GalaFX and CryptoBrain. The first one is GalaFX – a forex broker, apparently targeting Turkish traders. Read more

Forex
de | cn | ru