Warning from British Columbia Securities Commission, British Columbia.
Date added: December 11, 2014
Background: Binary Goal provides an on-line platform for trading binary options. We became aware that British Columbia (BC) residents are able to open accounts through Binary Goal’s website.
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.
Binary Goal 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.