Lifestyle Forex Management Limited
We recently became aware of the website of Lifestyle Forex Management Limited (Lifestyle), an entity that provides an on-line platform for trading binary options. Lifestyle purports to be a legally registered private investment firm in London, United Kingdom, with partners in the United States and South Africa.
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 the securities legislation in British Columbia (BC).
Lifestyle 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.