Fxtradex claims to be an online binary options trading platform provider.
We recently became aware that Fxtradex accepted funds from a British Columbia (BC) resident.
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 BC’s securities legislation.
Fxtradex 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.
For information on how to become better informed about binary options, please visit http://www.binaryoptionsfraud.ca/.
For information on how to become better informed about investment products and services, please visit InvestRight at https://www.investright.org.