10/25/2016

Hong Kong’s SFC warns against binary options broker OptionRally

Hong Kong’s Securities and Futures Commission (SFC) has earlier today updated its Alert List, with the new additions including binary options broker OptionRally.

The watchdog says the company, operating through www.optionrally.com, is not licensed to offer its services to Hong Kong residents.

The SFC specifically refers to the address that OptionRally provides via its website: Level 5, 7 and 8, Two Exchange Square, 8 Connaught Place, Central, Hong Kong. The regulator notes that the company gives the above Hong Kong address but it is not located there.

The SFC adds that OptionRally is also listed on the Investors Warning List of the Ontario Securities Commission, the Investment Caution List of the British Columbia Securities Commission and the Warning List of the Swiss Financial Market Supervisory Authority.
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