BigOption, operated by Wirestech Limited (together, the Parties)
BigOption claims to be based in London, England, and offers an on-line binary options trading platform.
We became aware that a British Columbia (BC) resident was solicited by a representative of BigOption, and was able to open a trading account with BigOption.
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 BC.
The Parties are 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.