The OSC has flagged Binarium Limited (binarium.com). This is a serious reason to stay away from Binarium Limited (binarium.com), since the OSC carefully looks into every broker it issues warnings about. If you have an account with Binarium Limited (binarium.com), request a withdrawal. If you are considering whether to open an account with Binarium Limited (binarium.com), look for a broker–one with a solid license and reliable reputation.
What Is the OSC?
The OSC stands for the Ontario Securities Commission. This financial regulatory body is responsible for oversight and checking compliance with financial regulations. It oversees financial companies such as insurance agencies, banks, and brokers. If these companies fail to comply with regulations or have no license, the OSC will issue a warning.
What Are Some Problems with Binarium Limited (binarium.com)?
The fact that Binarium Limited (binarium.com) appears on the OSC’s watch list indicates that it must have at least one of the following serious problems.
It’s likely that Binarium Limited (binarium.com) has ambiguous licensing. It may have a weak license that has no oversight, no license at all or it may be operating beyond the confines of its license and it could be offering to trade assets in regions it isn’t authorized to do so.
Binarium Limited (binarium.com) may have stretched the truth about the kind of returns its clients get and may have made some guarantees that were beyond its control. Brokers don’t command markets, so there is no way they can promise returns or tout future success. It may also not have been transparent about fees and charges.
Lack of Transparency
There seem to be some missing details about Binarium Limited (binarium.com). This is related to its identity, location, contact information, credential, and company history. It’s important to be an open book when dealing with people’s money, but Binarium Limited (binarium.com) details seem to fall short.
Lack of access to accounts can’t be justified. Perhaps there are short-term tech problems or security concerns, but charging huge fees for account access or holding up withdrawals for an unlimited time is highly suspicious.
The OSC issues warnings about brokers that have been the subject of many complaints. Since Binarium Limited (binarium.com) has been flagged, it’s clear that many customers have complained about unsatisfactory services. These claims have been investigated and validated and can be believed.
Have You Lost Money to Binarium Limited (binarium.com)? Talk to Us!
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