Is Bitcoin Broker 332option scam or reliable? BCSC warning

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.”

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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 Capital and 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.”

 We would like to hear your opinion. Share your experience with us in the comments section below.

  1. Shellie says:

    I have also had the same problem,

    They have asked me to pay for an upgrade, for $1000, then ask for another $500 for taxes and another $500 for withdrawal permit. Now they are asking for $600 more as a commission fee, everything they have told me to pay more and more for something different with a promise of a withdrawal with fear that it’ll never happen.

  2. Joseline Siles says:

    I invested my money with and they are asking me to upgrade my account by $1000 more! They said I won't be able to withdraw any profits unless I upgrade and I am not sure if that's how it works. I lost my investment because I am not willing to do it. I feel like I got scammed.

  3. Pamela Michelle Colvin says:

    I have been trying to get my profit for almost 3 years now. I lost my investment and I've just recently been contacted saying they want to get me my profit. I personally don't advise anyone using this company


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