Nadex Pro Signals
We recently became aware of the website of Nadex Pro Signals, an entity that purports to be based in Nevada and offer services in binary options trading through the North American Derivatives Exchange.
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).
Nadex Pro Signals 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.