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Why is Canada banning Binary Options?

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asked Apr 26, 2017 in Binary Options by Clara (5,580 points)

3 Answers

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answered Apr 26, 2017 by Darkwood (6,530 points)
selected Apr 26, 2017 by Clara
 
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They are concerned by the increasing number of investor losses and complaints resulting from binary options. The proposed ban is critical to tehir efforts to help stop binary options fraud in Canada

commented Apr 26, 2017 by Clara (5,580 points)
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answered Apr 26, 2017 by Harvey80 (5,590 points)

Brokers have been illegally targeting clients in Canada for years.

commented Apr 26, 2017 by Clara (5,580 points)
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answered Apr 26, 2017 by Josh (5,560 points)

Numerous binary options firms have been aggressively selling their products in countries unregulated. Canadian authorities have set up a special website to inform clients about the risks of trading binary options: http://www.binaryoptionsfraud.ca/.

commented Apr 26, 2017 by Clara (5,580 points)
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