The demand for Bitcoin has increased, along with the number of brokers offering Bitcoin trading. However, not every broker is trustworthy. Is Bitcoin Broker 332option scam or reliable?
9 September AtoZForex – British Columbia Securities Commission (BCSC), the provincial Canadian securities regulator, has added the Binary Options and Bitcoin broker 332option to its Investment Caution List. What do we know about the broker and its operations?
332option operations and Bitcoin claims
B.I.S. Blueport Investment Services Ltd. is a binary option’s broker that claims to possess over a license of CySEC. The firm operates under the brand name 332option and presents themselves as “one of the leaders in the industry.”
According to the firm’s website, 332option address is in 110-45 Queens Blvd FL 3, Ben Hills, NY 11375. Moreover, 332option presents itself as the number 1 Bitcoin investment firm: “332option is a safe and sevure Bitcoin investment website”.
Is Bitcoin Broker 332option scam or reliable?
Now, the question is Binary Options and Bitcoin broker 332option scam or reliable? BCSC has marked both parties, 332option and B.I.S Blueport Investment as an unauthorized broker for investors from British Columbia, Canada.
Binary Options under the legislation in British Columbia (BC) are considered to be secured. BCSC has cautioned BC residents to avoid in dealing with 332option, which is lacking the authorization with the provincial regulator. Meanwhile, binary options fraud has been increasing despite the authorities fighting against the unauthorized brokers in Canada and outside Canada.
Other BCSC brokers warning
Recently, BCSC has cautioned the public against dealing with the brokers Boss Capitaland TR Binary Options. Owned by Melnic Group Ltd. Boss Capital claims its office in Sofia, Bulgaria which offers an online binary options trading platform. The TR Binary Options was previously operating under the name Trade Rush. Moreover, the entity also claims to have an office in Bulgaria.
The Canadian watchdog stated that it became aware of both unregulated entities after a British Columbia (BC) resident was able to open a trading account with the broker. Hence, BCSC stressed: “The Parties (TR Binary Options and Melnic Group) are not registered to trade in, or advise on, securities or exchange contracts in BC.”