OptionsXO / Options XO
De Britse British Columbia Securities Commission en de Belgische FSMA waarcshuwen tegen de aciviteiten van Options XO / OptionsXO.
Warning from the British Columbia Securities Commission, British Columbia(13/05/2015)
Name: Options XO
Date added: May 13, 2015
Background: Options XO provides an on-line platform for trading binary options. We became aware that a British Columbia (BC) resident was able to open an account with Options XO.
A binary option is a type of option whose payout depends on whether the underlying asset (such as stock, a commodity, a currency pairing, etc.) increases or decreases in value. Options are considered to be securities under the securities legislation in BC.
Options XO 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.
Warning from the Financial Services and Markets Authority (FSMA) (19/12/2014)
The Financial Services and Markets Authority (FSMA) warns the public against the activities of OptionsXO, a company that offers highly risky investment instruments to the public in Belgium without complying with the Belgian financial legislation.
OptionsXO is not an authorized investment firm or credit institution in Belgium. It is therefore not allowed to provide banking and/or investment services in or from Belgium.
Furthermore, certain investment instruments that this company offers, i.e. binary options, are speculative and very risky. Investors in these products run the risk of losing the entire sum invested. The FSMA has, moreover, issued a recent warning about the risks associated with binary options.
Finally, OptionsXO has not published a prospectus, approved by the FSMA, as is required before a public offering of investment instruments may be made within the territory of Belgium.
The FSMA thus strongly advises against responding to any offers of financial services or public offerings of investment instruments made by OptionsXO and against transferring money to any account number it might mention.
OptionsXO uses the website www.optionsxo.com.
The FSMA recommends vigilance with regard to similar companies that offer binary options or other risky investment instruments. Always verify that any company which is offering you financial services has the requisite authorization. To do so, please use the search function on the FSMA website.
Would you like to enquire more generally as to whether a transaction being proposed is compliant with the financial legislation? If so, please contact the FSMA (email address: email@example.com).