OptionRally Financial Services Ltd. dba OptionRally
Unit 301, Max Trade Centre
23 Luk Hop Street
San Po Kong
People’s Republic of China
We recently became aware that OptionRally Financial Services Ltd. dba OptionRally (OptionRally), an entity that provides an on-line platform for trading binary options, contacted a British Columbia (BC) resident through an unsolicited telephone call. OptionRally purportedly has an office at an address in Hong Kong.
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 BC’s securities legislation.
OptionRally is not registered to trade in, or advise on, securities or exchange contracts in BC.
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.