Warning Investors Sadex Group – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Introduction To Sadex Group:
Sadex Group is a website that claims to be a brokerage firm that provides trading services in various securities and derivatives, such as stocks, bonds, options, futures, and forex. The website also claims to offer customer support, education, and market analysis. However, there is no information about the location, registration, or regulation of Sadex Group on its website or elsewhere. This raises serious questions about the legitimacy and credibility of the firm.
Regulation and Compliance Of Sadex Group:
One of the most important factors to consider when choosing a brokerage firm is its registration and regulation status. This ensures that they are authorized and supervised by the relevant authorities and that they follow the rules and standards of the industry. However, according to the ASC, Sadex Group is not registered to trade in or advise on securities or derivatives in Alberta. This means that they are operating illegally and without any oversight or accountability. The ASC also warns that Sadex Group may be involved in a scam or fraud. The ASC advises investors to exercise caution when dealing with unregistered entities and to check the registration status of any firm or individual before investing.
Customer Support Offered By Sadex Group:
Another factor to consider when choosing a brokerage firm is their customer support. This ensures that you can get help and assistance whenever you need it and that you can resolve any issues or problems that may arise. However, the website of Sadex Group claims to offer 24/7 customer support via phone, email, and live chat. However, there is no evidence that these channels are functional or responsive. Moreover, there are no customer reviews or testimonials about the quality of service or support provided by Sadex Group. This suggests that they are either unprofessional or non-existent.
Customer Reviews Of Sadex Group:
One of the best ways to evaluate a brokerage firm is to look at their customer reviews and feedback. This gives you an insight into their performance, reputation, and satisfaction level. However, there are no customer reviews or feedback about Sadex Group on its website or any other platform. This raises doubts about the credibility and legitimacy of the firm. Furthermore, there are no social media accounts or profiles associated with Sadex Group, which suggests a lack of transparency and communication.
Measures to Avoid Fraud Brokerages:
Unfortunately, many unregistered and fraudulent brokerages prey on unsuspecting investors and scam them out of their money. The ASC recommends investors take the following measures to avoid fraud brokerages:
– Check the registration status of any firm or individual before investing.
– Do your research and verify the information provided by the firm or individual.
– Be wary of unsolicited offers or promises of high returns with low risk.
– Avoid sending money or personal information to unknown or unverified entities.
– Report any suspicious or fraudulent activity to the ASC or other authorities.
Conclusion:
Sadex Group is a brokerage firm that claims to offer trading services in securities and derivatives. However, the ASC has issued a warning about the registration, regulation, and compliance of Sadex Group. Investors should exercise caution when dealing with unregistered and fraudulent brokerages and follow the measures suggested by the ASC to avoid scams or frauds. We hope this blog post has been informative and helpful for you.
