Warning Investors Catalyxex – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction To Catalyxex:
Catalyxex is a website that promises to provide access to various financial markets, such as stocks, forex, commodities, and cryptocurrencies. The platform claims to have a team of experts who can help investors make profitable decisions and offer customer support 24/7. However, there is little information about the background, location, and ownership of Catalyxex on its website. Moreover, the platform does not disclose any fees, commissions, or spreads that it charges for its services.
Regulation and Compliance Of Catalyxex:
According to the ASC, Catalyxex is not registered to trade in or advise on securities or derivatives in Alberta. This means that the platform is operating illegally and may not comply with the securities laws and regulations that protect investors from fraud and misconduct. The ASC warns that investors who deal with unregistered platforms may lose their money and have no recourse to recover their losses. Furthermore, the platform may not have adequate security measures to protect the personal and financial information of its users.
Customer Support Offered By Catalyxex:
Catalyxex claims to offer customer support via phone, email, and live chat. However, some users have reported that the platform is unresponsive or rude when they try to contact them. Some users have also complained that the platform has blocked their accounts or refused to process their withdrawal requests without any explanation. Additionally, some users have received unsolicited calls or emails from the platform’s representatives who pressure them to deposit more money or make risky trades.
Customer Reviews Of Catalyxex:
The customer reviews of Catalyxex on the internet are mostly negative and suspicious. Many users have accused the platform of being a scam and warned others not to trust it. Some users have shared their stories of losing their money or being unable to withdraw their funds from the platform. Some users have also claimed that the platform has manipulated their trades or provided false or misleading information. There are very few positive reviews of Catalyxex, and they seem to be fake or paid.
Measures To Avoid Fraud Brokerages:
The ASC advises investors to be cautious and do their research before dealing with any online trading platform. Some of the measures that investors can take to avoid fraud brokerages are:
– Check the registration status of the platform with the ASC or other securities regulators.
– Read the terms and conditions, fees, and risks of the platform carefully.
– Verify the identity and location of the platform and its representatives.
– Avoid platforms that promise unrealistic returns or guarantee profits.
– Avoid platforms that pressure you to deposit more money or make trades quickly.
– Avoid platforms that do not provide clear and accurate information about their services.
– Avoid platforms that do not allow you to withdraw your money easily or charge high fees for doing so.
Conclusion:
Catalyxex is a new online trading platform that claims to offer securities and derivatives trading services. However, the platform is not registered with the ASC and may not comply with the securities laws and regulations. The platform also has many negative customer reviews and complaints that suggest it is a scam or a fraud. Investors should be wary of dealing with Catalyxex and take measures to avoid fraud brokerages.
