Option Financial Markets, operated by B.O. Technologies Limited (together, the Parties)
Option Financial Markets claims to be based in Hong Kong, China, and offers an on-line binary options trading platform.
We became aware that a British Columbia (BC) resident was solicited by a representative of Option Financial Markets, and was able to open a trading account with Option Financial Markets.
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.