The Canadian provincial regulator British Columbia Securities Commission (BCSC) has issued a warning against the TR Binary Options broker.
According to the notice, the broker, formerly known as Trade Rush, is not registered to trade in, or advise on, securities or exchange contracts in the Canadian province. Nevertheless, a British Columbia resident has been able to open a trading account with TR Binary Options.
Last spring Japan’s FSA has also warned that TR Binary Options is not licensed to operate in Japan.
On its site the broker claims to be based in Bulgaria and owned by Melnic Group – the same company that owns the binary options broker Boss Capital, which has been recently warned against by the the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) and the Manitoba Securities Commission (MSC). Boss Capital has appeared in several other warnings: Italy’s CONSOB, France’s AMF and Australia’s ASIC (with a different owner).