Warning Investors CatalyXX – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction To CatalyXX:
CatalyXX is an online platform that claims to provide access to global markets and various financial instruments, such as stocks, bonds, commodities, currencies, options, futures, and more. Users can open an account with a minimum deposit of $250 and start trading with leverage up to 1:1000. CatalyXX also offers educational resources, trading tools, and market analysis to help users make informed decisions.
Regulation and Compliance Of CatalyXX:
However, CatalyXX is not registered with the ASC or any other securities regulator in Canada. This means that it is not authorized to issue, offer, or sell securities or derivatives in Alberta or any other province or territory. Moreover, it is not subject to any reporting or disclosure obligations that would protect investors from potential fraud or misconduct. The ASC has warned the public to exercise caution when dealing with CatalyXX or any other unregistered platform.
Customer Support Offered By CatalyXX:
CatalyXX claims to offer 24/7 customer support via phone, email, live chat, and social media. However, some customers have reported difficulties in contacting the platform or receiving satisfactory responses. Some have also complained about delays in withdrawals, hidden fees, account closures, and unauthorized transactions. These issues raise questions about the reliability and credibility of CatalyXX as a service provider.
Customer Reviews Of CatalyXX:
The customer reviews of CatalyXX are mixed and contradictory. Some users have praised the platform for its ease of use, variety of products, and profitability. Others have criticized it for its poor customer service, lack of regulation, and high risk. Some have even accused it of being a scam or a Ponzi scheme. Therefore, it is hard to determine the trustworthiness and reputation of CatalyXX based on customer reviews alone.
Measures to Avoid Fraud Brokerages:
To avoid falling victim to fraud brokerages like CatalyXX, investors should do their due diligence before opening an account or making a transaction. They should check the registration status of the platform with the ASC or other securities regulators in Canada. They should also read the terms and conditions carefully and understand the risks involved in trading securities and derivatives online. They should also be wary of any promises of high returns with low risk or any pressure to invest quickly or urgently.
Conclusion:
CatalyXX is an online 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. This means that it is not authorized to issue, offer, or sell securities or derivatives in Alberta or any other province or territory. Moreover, it is not subject to any reporting or disclosure obligations that would protect investors from potential fraud or misconduct. The ASC has warned the public to exercise caution when dealing with CatalyXX or any other unregistered platform. Investors should do their due diligence before opening an account or making a transaction with CatalyXX or any other online platform.
