Whether binary options are legal in canada

Posted: Karbunkul Date: 26.05.2017

There are currently NO Binary Option Brokers that hold a valid license to operate in the country. We will notify you as this changes. Canada was one of several countries where there was no legalisation in place for Binary Options trading, therefore all those that lived or resided in Canada were able to freely trade without restriction. That is until mid, when a review of investor losses and illegal broker operations had highlighted more than cases of fraud against investors by unscrupulous brokers in alone.

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This led to a new governing body being formed. Prior to May , the ten provinces and three territories in Canada were responsible for securities regulation.

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Since May , we welcome the Canadian Securities Administrators CSA , a body setup to safeguard investors residing within Canada, by introducing a harmonised approach to securities regulation across the country. This incorporates a division called the Binary Options Task Force BOTF to further safeguard investors.

This regulatory arm is Chaired by Senior Fraud Investigator, Jason Roy of the Manitoba Securities Commission. As it stands, all Canadian jurisdictions securities legislation requires that, in most cases, specific registration and disclosure requirements be met.

whether binary options are legal in canada

As it relates to the promotion and selling of binary options, registration is required in all Canadian jurisdictions. To date, no binary options promoter or vendor has obtained proper registration with any Canadian regulatory authority.

As such, any current promotion or sale of binary options to Canadians is illegal. As such, we do not promote binary options trading to Canadian investors.

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We strongly advice any Canadian investors considering Binary Options Trading to take a look at this CSA website setup to educate and inform you of the perils of risking your investment capital.

Many of the brokers reviewed by us have obtained full operating licenses and are regulated within recognised jurisdiction.

We are also confident that all showcased brokers are of the very highest standard, however we encourage traders to conduct their own research to ensure that you do not deal with any unscrupulous entities.

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If you are not a Canadian trader and are looking for a suitable broker, please see our list of trusted and regulated brokers by CLICKING HERE. Canadian Binary Options Brokers.

whether binary options are legal in canada

Unregulated Binary Options Trading is illegal In Canada. Top 5 Forex Brokers Name. Top 5 Binary Brokers Name.

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Trading incorporates volatile instruments. There is a high risk of losing your initial investment on each individual transaction.

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