B4Option has claimed to provide an online binary options trading platform.
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 British Columbia’s securities legislation.
We recently became aware of B4Option and that a BC resident was able to open a trading account with B4Option.
B4Option is not registered to trade in, or advise on, securities or exchange contracts in British Columbia (BC).
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.