Is Suisse Option scam or reliable? BCSC has issued a warning against Binary Options brokerage targeting BC residents on 8th of March.
9 March, AtoZForex – The Canadian securities regulator, the British Columbia Securities Commission (BCSC), has issued yet another warning for investors’ community in the BC region. This time, the firm under the spotlight is the Binary Options brokerage, namely Suisse Option.
Is Suisse Option scam or reliable?
The Canadian watchdog has warned the public against Binary Options broker Suisse Option. The brokerage firm is operating online via website suisseoption.com. Moreover, while inspecting the official website of the broker, I have found out it has an office at the address: Primary Stream Limited, Flat A, 8/F, No.227 Nathan Road, Yau Ma Tei, Kowloon, Hong Kong. The website is operated by Primary Stream Limited, as it is officially stated on the home page. The brokerage is offering an online Binary Options trading platform.
The Canadian regulator mentions that it became aware of Suisse Options just recently. The watchdog highlights that the residents of the BC were able to open a trading account with the brokerage. In addition to above mentioned, the regulator states:
Suisse Option is not registered to trade in, or advise on, securities or exchange contracts in BC.
Latest BCSC warning
Also, the Canadian watchdog cautioned BC residents to exercise extreme caution when dealing with unauthorized firms. The latest addition to BCSC Investment Caution List – Trade12 Forex Broker.
The company is owned and operated by UK Company Global Fin Services Limited. According to BCSC, the firm claims to be based in Estonia with its operational address as Tornimäe 5, Tallinn 10145, Estonia. Trade12 does not appear to be registered as a Forex broker in its home country of Estonia, an EU member state. Trade12 further claims that Global Fin Services Limited is a subsidiary of Exo Capital Markets Limited, a company incorporated in the Marshall Islands. The company operates online via trade12.com.
Trade12 is an international brokerage who claims to be a reliable company. It additionally claims to be administered by the team of exceptional individuals with decades of relevant experience. The firm also states that they follow the compliance with high standards of financial stability. Moreover, Trade12 guarantees the security of clients’ funds. Furthermore, it offers an online Forex, gold, silver, oil and stock index futures trading platform.
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