Canadian Regulator BCSC Issues Warning Against Binary Uno

The British Columbia Securities Commission (BCSC), one of Canada’s thirteen provincial financial regulators, has again updated its Investor Caution List, including binary options broker Binary Uno.

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Today’s warning comes just a day after the regulator warned investors against the online Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term services being offered by Edgedale Finance which was flagged for unlawfully soliciting its offerings to the BC public.

Binary Uno is not registered to trade in or advise on securities or exchange contracts in BC.

Binary Uno is owned and operated by DOM Technology Services Ltd and is located in Glasgow, UK. On its website, the company is described as an online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that offers advanced online FX, CFDs and commodities brokerage platforms and services to investors globally.

However the broker, which trades using the website url www.binaryuno.com, has allegedly been soliciting financial services to British Columbia residents.

Unlicensed Entity

The financial watchdog became aware of Binary Uno when it found out that the company had been soliciting a BC resident. Upon further investigation, it was found that Binary Uno is not registered to trade in or advise on securities or exchange contracts in BC.

Furthermore, there is no evidence online of regulation by any other jurisdiction which may raise concerns about the authenticity of this firm.

Background

The BCSC is the independent provincial government agency responsible for regulating capital markets in British Columbia. Its Investor Caution List contains individuals and companies that appear to be engaging in activities that may pose a risk to investors.

As with all brokers included on the list that are not registered to trade in and advise on securities or exchange contracts in BC, the Canadian watchdog has warned that trading with this broker may present a risk to investors and has therefore urged the public to use caution when dealing with Binary Uno.