MAS: Don't trade in binary options on unregulated platforms

Singapore

IN the wake of complaints from investors who have suffered losses, Singapore's financial markets regulator has warned against trading in binary options on unregulated platforms.

The warning to the public by the Monetary Authority of Singapore (MAS) follows the one from the police at the end of last year.

MAS said on Tuesday that, contrary to promises of low investment risks with exceptionally high returns, binary options are speculative and risky investment instruments.

"There is a high chance of the investor losing his entire investment amount, whether the investor deals with a regulated or unregulated…