EZTrader / WGM Services Ltd.
48 Themistokli Dervi Avenue
We recently became aware of the website of EZTrader, an entity that provides an on-line platform for trading binary options. The owner of EZTrader is WGM Services Ltd. (WGM), a company based in Cyprus.
Canadian residents are able to open trading accounts through EZTrader’s website.
A binary option is a type of option whose payout depends on whether the underlying asset (such as a stock, a commodity, a currency pairing, etc.) increases or decreases in value. Options are considered to be securities under British Columbia’s securities legislation.
EZTrader and WGM are not registered to trade in, or advise on, securities or exchange contracts in British Columbia.
We urge British Columbia residents to exercise caution when dealing with firms that are not registered to trade or advise in British Columbia.