BCSC Cautions against Binary Options Provider Redwood Options

The British Columbia Securities Commission (BCSC), one of Canada’s thirteen provincial financial regulators, has added binary options broker Redwood Options to its Investor Caution List.

Redwood Options operates from the website www.redwoodoptions.com and is based in Norwich, England. It claims to be "today's leading binary options broker" and offers a range of assets to trade, as well as education services. No mention of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is made on its website.

According to the BCSC website, the regulator has become aware that the firm "may be operating in or from BC." The BCSC is an independent provincial government agency responsible for regulating the market in British Columbia.

Redwood Options is not authorised or licensed to trade in, advise on, or Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term financial products in this region of Canada.

The regulator urges BC residents to exercise caution when dealing with the firm, and recommends that customers only deal with firms that are regulated.