CST Financial Services Ltd., operating as Opteck (Opteck)
Opteck claims to be based in Belize City, Belize, and offers an on-line binary options trading platform.
We became aware that a British Columbia (BC) resident was solicited by a representative of Opteck, and was able to open a trading account with Opteck.
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.
Opteck 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.