Warning Investors CatalyXIt – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction To CatalyXIt:
CatalyXIt is a website that claims to provide access to various financial markets, such as stocks, forex, commodities, cryptocurrencies, and more. The website says that it is operated by CatalyXIt Ltd., a company registered in the Marshall Islands. According to the website, CatalyXIt offers various features, such as low spreads, fast execution, multiple payment methods, and customer support.
Regulation and Compliance Of CatalyXIt:
However, the ASC has issued a warning that CatalyXIt is not registered to trade in or advise on securities or derivatives in Alberta. This means that CatalyXIt is operating illegally and may not comply with the securities laws and regulations of Alberta or Canada. The ASC also warns that CatalyXIt has not filed any reports or disclosures with the ASC, which means that investors may not have access to important information about the platform, its products, its risks, and its performance.
Customer Support Offered By CatalyXIt:
The website of CatalyXIt claims that it offers 24/7 customer support via phone, email, and live chat. However, some customer reviews suggest that the support is either unresponsive or unhelpful. Some customers have reported that they have been unable to withdraw their funds from the platform, or that they have been pressured to deposit more money or accept bonuses with high turnover requirements.
Customer Reviews Of CatalyXIt:
The customer reviews of CatalyXIt are mostly negative, with many complaints about the platform’s legitimacy, reliability, and transparency. Some customers have accused CatalyXIt of being a scam or a fraud, and have warned others to stay away from it. Some customers have also reported that they have lost money due to the platform’s poor execution, manipulation of prices, or technical issues.
Measures To Avoid Fraud Brokerages:
The ASC advises investors to be cautious when dealing with platforms like CatalyXIt, and to do their due diligence before investing. Some of the measures that investors can take to avoid fraud brokerages are:
– Check the registration status of the platform and its representatives with the ASC or other securities regulators.
– Read the terms and conditions of the platform carefully and understand the risks involved.
– Avoid platforms that promise unrealistic returns or guarantee profits.
– Beware of platforms that pressure you to deposit more money or accept bonuses with high turnover requirements.
– Verify the identity and location of the platform and its operators.
– Use only secure and reputable payment methods and keep records of your transactions.
– Report any suspicious or fraudulent activity to the ASC or other authorities.
Conclusion:
CatalyXIt is a platform that claims to offer trading services for securities and derivatives, but it is not registered with the ASC and may not comply with the securities laws and regulations of Alberta or Canada. The ASC has issued a warning about CatalyXIt’s registration and reporting status, and advises investors to be cautious when dealing with it. Investors should do their due diligence before investing in any platform, and avoid platforms that show signs of fraud or scam.
