Warning Investors Decode Global Limited – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction:
Trading in financial markets can be a rewarding activity, but it also involves risks and challenges. One of the most important factors to consider when choosing a brokerage firm is its legitimacy and reputation. Unfortunately, not all brokers are trustworthy and some may even engage in fraudulent or deceptive practices. That is why regulators such as the ASC exist to protect investors and ensure fair and transparent markets.
Regulation and Compliance:
The ASC is the regulatory agency responsible for overseeing the securities and derivatives markets in Alberta, Canada. It enforces the Securities Act and other laws and rules that govern the issuance, offer, sale, and trading of securities and derivatives. The ASC also maintains a list of registered firms and individuals who are authorized to provide investment services in Alberta.
According to the ASC, Decode Global Limited is not registered to trade in or advise on securities or derivatives in Alberta. This means that it is operating illegally and may be violating securities laws. The ASC warns investors to exercise caution when dealing with Decode Global Limited or any other unregistered firm.
Customer Support:
One of the signs of a reputable brokerage firm is its customer support service. A good broker should provide reliable, responsive, and professional support to its clients. However, Decode Global Limited does not seem to have a satisfactory customer support system. According to its website, the only way to contact them is through an online form or an email address. There is no phone number, physical address, or live chat option available. Moreover, some customers have reported that they never received a reply from Decode Global Limited after sending inquiries or complaints.
Customer Reviews:
Another way to assess the credibility of a brokerage firm is to look at its customer reviews. A good broker should have positive feedback from satisfied clients who can attest to its performance and service quality. However, Decode Global Limited does not have many customer reviews online. The few reviews that are available are mostly negative and indicate that Decode Global Limited is a scam. Some customers have claimed that they lost money, were unable to withdraw their funds, or were pressured to deposit more money by Decode Global Limited.
Measures to Avoid Scam Brokerages:
To avoid falling victim to scam brokerages like Decode Global Limited, investors should take some precautionary measures before opening an account or making a transaction. Some of these measures are:
– Check the registration status of the broker with the ASC or other relevant regulators.
– Verify the identity and location of the broker and its representatives.
– Read the terms and conditions of the broker carefully and understand the fees, risks, and obligations involved.
– Avoid brokers that promise unrealistic returns, use high-pressure sales tactics, or ask for personal or financial information.
– Research the broker’s reputation and customer reviews online.
– Report any suspicious or fraudulent activity to the ASC or other authorities.
Conclusion:
Decode Global Limited is a brokerage firm that claims to offer trading services in various financial markets. However, it is not registered with the ASC or any other regulator and may be operating illegally and fraudulently. The ASC warns investors to exercise caution when dealing with Decode Global Limited or any other unregistered firm. Investors should also take measures to avoid scam brokerages and protect their interests.
