RB Options is a broker who “adheres to the most strict rules and regulations dictated by the the Ontario Securities Commission (OSC) hence Canadian legislation”. However RBOptions is not currently regulated by the OSC, but they are pursuing regulatory oversight and hope to be the first Canadian Regulated Binary Options Broker. Read more. RBOptions can be reached from Canada Toll Free: (866) 654-0020 or from the USA by calling Toll Free: (866) 443-4797.
What we look for in binary option brokers to determine if they are a legit broker or a scam broker is very simple. Do they hold a license from the OSC, CIPF, IIROC, or CDCC in Canada? Are the licensed and regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)? Does the Australian Securities and Investments Commission in Australia or the Finanstilsynet (The Danish FSA) include them in their list?
On June 6th 2013 the SEC wrote an investor alert regarding binary option scam brokers.
Investor Complaints Relating to Platforms Fraudulent Binary Options Trading. The SEC and CFTC have received numerous complaints of fraud associated with websites that offer an opportunity to buy or trade binary options through Internet-based trading platforms. The complaints fall into at least three categories: refusal to credit customer accounts or reimburse funds to customers; identity theft; and manipulation of software to generate losing trades. Read entire alert on the SEC website here
When choosing a binary option broker it is important to check the list of regulated binary option brokers to see if the broker you would like to open an account with is regulated by a government regulatory agency.