Peakoptions24 claims to be “one of the leading binary options brokers in the industry, with a high payout of 81% in binary options contracts”. Peakoptions24 also claims to have an office in New York City.
We recently became aware of peakoptions24 and that it had accepted funds from a British Columbia (BC) resident to trade with the company.
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.
Peakoptions24 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.