Warning Investors CatalyXIn – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction To CatalyXIn:
CatalyXIn is a web-based platform that claims to offer users access to various financial markets, such as stocks, forex, commodities, indices, and cryptocurrencies. Users can open an account with CatalyXIn and deposit funds using various methods, such as credit cards, e-wallets, or bank transfers. Users can then trade securities and derivatives using the platform’s tools and features, such as charts, indicators, signals, and automated trading.
Regulation and Compliance Of CatalyXIn:
According to its website, CatalyXIn is operated by a company called CatalyXIn Ltd., which is registered in St. Vincent and the Grenadines. However, the ASC has warned that CatalyXIn is not registered to trade in or advise on securities or derivatives in Alberta or any other Canadian jurisdiction. The ASC also stated that CatalyXIn has not filed any prospectus or exempt distribution reports with the ASC or any other securities regulator in Canada. This means that CatalyXIn is operating outside the regulatory framework that protects investors from fraud and misconduct.
Customer Support Offered By CatalyXIn:
CatalyXIn claims to offer 24/7 customer support via phone, email, live chat, and social media. However, some users have reported that they have experienced difficulties in contacting the platform’s support team or receiving satisfactory responses. Some users have also complained that they have faced issues in withdrawing their funds from the platform or that they have been charged hidden fees or commissions.
Customer Reviews Of CatalyXIn:
The online reviews of CatalyXIn are mixed. Some users have praised the platform for its user-friendly interface, variety of markets, and fast execution. However, some users have also expressed dissatisfaction with the platform’s reliability, transparency, and customer service. Some users have also alleged that they have been scammed by the platform or its affiliated brokers.
Measures to Avoid Fraud Brokerages:
If you are interested in trading securities or derivatives online, you should be careful about choosing a reputable and regulated platform or broker. You should do your research before opening an account or depositing any funds. You should check the registration status of the platform or broker with the ASC or other securities regulators in Canada. You should also read the terms and conditions of the platform or broker carefully and understand the risks and fees involved. You should also avoid any platform or broker that promises unrealistic returns or guarantees, pressures you to invest more money, or prevents you from withdrawing your funds.
Conclusion:
CatalyXIn is a platform that allows users to trade securities and derivatives online. However, it is not registered with the ASC or any other securities regulator in Canada and does not comply with the reporting requirements. This exposes users to potential fraud and misconduct. Therefore, we advise you to exercise caution when dealing with CatalyXIn or any other unregistered platform or broker.
