Investors beware Sigma Invest – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
In the vast landscape of online trading platforms, Sigma Invest is one name that’s been making waves for all the wrong reasons. Promising a range of financial instrument trading services, from forex and stocks to commodities and cryptocurrencies, Sigma Invest has managed to attract the attention of potential investors. However, it is imperative to shed light on some concerning red flags that should not be ignored.
Regulation and Compliance:
At the very core of the concerns surrounding Sigma Invest is the glaring absence of regulation. A reputable authority, the Alberta Securities Commission (ASC), has explicitly issued a warning against Sigma Invest, explicitly stating that the platform is not registered to trade in or advise on securities or derivatives in Alberta. This lack of regulatory oversight leaves investors in a precarious position, where their hard-earned money is at risk with no avenue for recourse or protection.
To corroborate this warning, visit the ASC Issues page [here](https://www.asc.ca/en/Enforcement/Investment-Caution-List).
A crucial aspect of any investment platform is its reputation, and Sigma Invest’s reputation is far from stellar. Numerous online reviews paint a grim picture of this platform. Traders and investors have voiced their concerns, citing difficulties in withdrawing funds, encountering poor customer service, and being subjected to false promises and misleading information. Some have even gone as far as labeling Sigma Invest as a potential scam, issuing cautionary tales to others who may be considering it as an investment option.
Customer Support and Customer Reviews:
Perhaps one of the most telling signs of Sigma Invest’s unreliability is its lackluster customer support. A quick visit to the platform’s website reveals a stark absence of essential customer support features. There’s no phone number to call for assistance, no live chat to address urgent concerns, and no comprehensive FAQ section to guide users through common queries. The only means of contact is through an email address, which, in some cases, may remain unresponsive, leaving clients frustrated and inconvenienced when they require help with their accounts or trades.
In conclusion, it would be prudent for potential investors to steer clear of Sigma Invest. The platform’s lack of regulation, transparency, tarnished reputation, inadequate services, and poor customer support collectively make it an undesirable choice. There are numerous other reputable, regulated platforms that offer superior alternatives. Before taking the plunge into online trading, conduct extensive research and exercise caution, ensuring you are not enticed by the hollow claims and promises of Sigma Invest. Your hard-earned money deserves a more secure and trustworthy investment vehicle.