Option Stars and OptionStarsGlobal, owned by Novox Capital Ltd. (collectively, the Parties)
Option Stars and OptionStarsGlobal (together, Option Stars) claim to be based in Bulgaria and Samoa, and offer an online binary options trading platform.
We recently became aware of Option Stars and that a British Columbia (BC) resident was able to open a trading account with Option Stars.
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.