Categories
scam reviews 2023 scam reviews 2024

Coinbed FX Trader – Review

File a Complaint Against

Coinbed FX Trader

Know Your Options and Recover Your Funds

Caution Investors Coinbed FX Trader – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview of Coinbed FX Trader:

Coinbed FX Trader is a website that claims to be a leading provider of online trading services for forex and cryptocurrency markets. It claims to offer access to over 200 trading instruments, including currency pairs, indices, commodities, stocks, and cryptocurrencies. It also claims to offer competitive spreads, fast execution, low commissions, high leverage, and various account types and trading platforms. However, there is no evidence to support these claims, and the website provides very little information about the company behind the platform.

Regulation and Compliance of Coinbed FX Trader:

According to the ASC, Coinbed FX Trader is not registered to deal in securities or derivatives in Alberta and has not filed a prospectus or an exemption from prospectus requirements with the ASC. This means that Coinbed FX Trader is operating illegally and may be violating securities laws. The ASC also warns that Coinbed FX Trader may be involved in fraudulent schemes, such as high-pressure sales tactics, unrealistic returns, false or misleading information, identity theft, and misappropriation of funds. The ASC advises investors to exercise caution when dealing with Coinbed FX Trader or any other unregistered online trading platform.

Customer Reviews of Coinbed FX Trader:

A quick search on the internet reveals that Coinbed FX Trader has received many negative reviews from customers who have lost money or encountered problems with the platform. Some of the common complaints include:

– Difficulty in withdrawing funds or closing accounts

– Poor customer service or no response from the support team

– Manipulation of prices or execution

– Hidden fees or charges

– False or misleading advertising

– Account hacking or unauthorized transactions

Products and Services Offered By Coinbed FX Trader:

Coinbed FX Trader claims to offer a variety of products and services for online traders, such as:

– Forex trading: Trading of currency pairs in the foreign exchange market

– Cryptocurrency trading: Trading of digital currencies such as Bitcoin, Ethereum, Litecoin, etc.

– CFD trading: Trading of contracts for differences on various underlying assets such as indices, commodities, stocks, etc.

– MT4 platform: A popular trading platform that supports multiple charting tools, indicators, expert advisors, etc.

– WebTrader platform: A web-based trading platform that allows access from any device with an internet connection

– MobileTrader platform: A mobile trading platform that allows access from smartphones or tablets

– Demo account: A free account that allows traders to practice trading with virtual money

– Live account: A real account that allows traders to trade with real money

– Standard account: A basic account that requires a minimum deposit of $250 and offers a leverage of up to 1:200

– Premium account: An advanced account that requires a minimum deposit of $5,000 and offers a leverage of up to 1:400

– VIP account: An exclusive account that requires a minimum deposit of $20,000 and offers a leverage of up to 1:500

Location of Coinbed FX Trader:

Coinbed FX Trader does not disclose its physical address or contact details on its website. It only provides an email address and a phone number for customer support. However, the phone number has a UK country code (+44), which suggests that the platform may be based in the UK or targeting UK customers. However, this does not mean that the platform is regulated by the UK authorities or compliant with UK laws. The Financial Conduct Authority (FCA), the UK’s financial regulator, has also issued a warning about Coinbed FX Trader, stating that it is not authorized to provide financial services in the UK.

Customer Service Provided By Coinbed FX Trader:

Coinbed FX Trader claims to provide 24/7 customer support via email and phone. However, many customers have reported that they have received no response or poor service from the support team. Some customers have also claimed that they have been harassed or pressured by the support staff to deposit more money or open more trades. Moreover, some customers have alleged that they have been blocked or ignored by the support team after requesting withdrawals or raising complaints.

Defensive Measures Against Fraudulent Brokers:

If you are considering trading online with any platform, you should always do your due diligence and research before investing your money. Here are some tips to help you avoid falling victim to fraudulent brokers:

– Check the registration and regulation status of the platform with your local securities regulator or financial authority

– Read the terms and conditions, privacy policy, and risk disclosure of the platform carefully

– Verify the identity and reputation of the platform by searching for customer reviews, complaints, or warnings on the internet

– Use a secure and reliable payment method that offers protection and recourse in case of disputes or fraud

– Start with a small amount of money and test the platform’s features, performance, and service

– Do not accept any bonuses, incentives, or guarantees that may come with hidden clauses or restrictions

– Do not trade with money that you cannot afford to lose or that you need for other purposes

– Do not let emotions, greed, or fear influence your trading decisions

– Do not trust anyone who claims to have insider information, secret strategies, or guaranteed profits

– Do not hesitate to report any suspicious or fraudulent activities to the relevant authorities

Conclusion:

Coinbed FX Trader is an online trading platform that claims to offer forex and cryptocurrency trading services. However, it is not registered or regulated by any reputable authority and may be involved in fraudulent schemes. The ASC and the FCA have both issued warnings about this platform, and many customers have reported losing money or facing problems with it. Therefore, we do not recommend trading with Coinbed FX Trader or any other unregistered online trading platform. Instead, we advise you to look for a licensed, reputable, and trustworthy broker that can provide you with a safe, secure, and satisfying trading experience.

Categories
scam reviews 2023 scam reviews 2024

Any Coin Capital – Review

File a Complaint Against

Any Coin Capital

Know Your Options and Recover Your Funds

Caution Investors Any Coin Capital – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview of Any Coin Capital:

Any Coin Capital is a company that claims to be a leading provider of cryptocurrency trading and investment services. According to its website, the company offers various products and services, such as crypto trading platforms, crypto wallets, crypto mining, crypto arbitrage, crypto signals, and crypto education. The company also claims to have a team of experts with years of experience in the crypto industry.

Regulation and Compliance of Any Coin Capital:

However, the ASC has issued a warning about the company’s registration and compliance status. According to the ASC, Any Coin Capital is not registered to trade in or advise on securities or derivatives in Alberta. The ASC also states that Any Coin Capital has not filed any prospectus or exempt distribution reports with the ASC, which are required for any issuance, offer, or sale of securities or derivatives in Alberta. The ASC warns investors that Any Coin Capital may be operating illegally or fraudulently and that investors should exercise caution when dealing with the company.

Customer Reviews of Any Coin Capital:

The customer reviews of Any Coin Capital are mixed and contradictory. Some customers claim that they have made profits and received good service from the company, while others claim that they have lost money and encountered problems with withdrawals, communication, and support. Some customers also accuse the company of being a scam and warn others to stay away from it.

Products and Services Offered By Any Coin Capital:

The products and services offered by Any Coin Capital are mainly related to cryptocurrency trading and investment. The company claims to offer various platforms for crypto trading, such as web-based, desktop, mobile, and social trading platforms. The company also claims to offer crypto wallets that are secure, convenient, and compatible with multiple cryptocurrencies. The company also claims to offer crypto mining services that allow customers to earn passive income by renting out their computing power. The company also claims to offer crypto arbitrage services that exploit price differences between different crypto exchanges. The company also claims to offer crypto signals that provide customers with trading tips and alerts. The company also claims to offer crypto education that teaches customers the basics and advanced strategies of crypto trading and investment.

Location of Any Coin Capital:

The location of Any Coin Capital is unclear and suspicious. The company’s website does not provide any physical address or phone number for the company. The only contact information available is an email address and a live chat feature. The company’s website also does not specify which country or jurisdiction the company is registered or licensed in. The company’s website also uses generic stock images and vague language to describe the company’s background and history.

Customer Service Provided By Any Coin Capital:

The customer service provided by Any Coin Capital is poor and unreliable. Many customers complain that they have difficulty reaching the company’s support team or getting any response from them. Many customers also complain that they have experienced delays, errors, or failures in processing their deposits or withdrawals. Many customers also complain that they have been misled, pressured, or harassed by the company’s sales agents or account managers.

Defensive Measures Against Fraudulent Brokers:

The defensive measures against fraudulent brokers that Any Coin Capital claims to have are insufficient and untrustworthy. The company claims to use advanced security systems and encryption technologies to protect its customers’ funds and data. However, the company does not provide any evidence or verification of its security measures or certifications. The company also claims to segregate its customers’ funds from its funds and to store them in reputable banks. However, the company does not disclose which banks it uses or how it ensures the safety of its customers’ funds. The company also claims to comply with anti-money laundering (AML) and know-your-customer (KYC) policies. However, the company does not explain how it verifies its customers’ identities or sources of funds.

Conclusion:

Any Coin Capital is a company that claims to offer cryptocurrency trading and investment services. However, the ASC has issued a warning about the company’s registration and compliance status. The ASC warns investors that Any Coin Capital may be operating illegally or fraudulently and that investors should exercise caution when dealing with the company. The customer reviews of Any Coin Capital are mixed and contradictory. The products and services offered by Any Coin Capital are mainly related to cryptocurrency trading and investment. The location of Any Coin Capital is unclear and suspicious. The customer service provided by Any Coin Capital is poor and unreliable. The defensive measures against fraudulent brokers that Any Coin Capital claims to have are insufficient and untrustworthy.

Categories
scam reviews 2023 scam reviews 2024

Catalyxex – Review

File a Complaint Against

Catalyxex

Know Your Options and Recover Your Funds

Caution Investors Catalyxex – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview of Catalyxex:

Catalyxex is a company that claims to offer online trading platforms for securities and derivatives, such as stocks, options, futures, and cryptocurrencies. The company advertises itself as a regulated and licensed broker-dealer that provides access to global markets and high returns. However, the ASC has issued a warning that Catalyxex is not registered to trade in or advise on securities or derivatives in Alberta and that it may be involved in fraudulent or illegal activities.

Regulation and Compliance of Catalyxex:

According to the ASC, Catalyxex is not registered with any securities regulator in Canada or elsewhere, and it does not have any authorization to operate as a broker-dealer in Alberta. The ASC also warns that Catalyxex may be using false or misleading information to solicit investors, such as fake testimonials, credentials, or guarantees. The ASC advises investors to exercise caution and do their due diligence before dealing with Catalyxex or any other unregistered entity.

Customer Reviews of Catalyxex:

The customer reviews of Catalyxex are mostly negative and indicate that the company is a scam. Many customers report that they have lost money or been unable to withdraw their funds from Catalyxex. Some customers also claim that they have been harassed or threatened by Catalyxex representatives when they tried to cancel their accounts or request refunds. The customer reviews suggest that Catalyxex is not a trustworthy or reputable company.

Products and Services Offered By Catalyxex:

Catalyxex claims to offer a variety of products and services for securities and derivatives trading, such as web-based and mobile platforms, educational resources, market analysis, trading signals, and account management. However, these products and services may not be reliable or legitimate, as they are not regulated or supervised by any authority. Moreover, the products and services may expose investors to high risks and fees, as well as potential fraud or manipulation.

Location of Catalyxex:

Catalyxex does not disclose its physical location or contact details on its website. The company only provides an email address and a phone number for customer support. However, these contact methods may not be effective or responsive, as many customers report that they have been ignored or blocked by Catalyxex. The lack of transparency and accountability of Catalyxex makes it difficult for investors to verify its identity or legitimacy.

Customer Service Provided By Catalyxex:

The customer service provided by Catalyxex is poor and unprofessional. Many customers complain that they have been treated rudely or aggressively by Catalyxex representatives, who often pressure them to deposit more money or refuse to process their withdrawal requests. Some customers also allege that they have been lied to or misled by Catalyxex representatives, who make false promises or claims about the company’s performance or security. The customer service provided by Catalyxex does not meet the standards or expectations of investors.

Defensive Measures Against Fraudulent Brokers:

The ASC recommends that investors take some defensive measures against fraudulent brokers like Catalyxex, such as:

– Checking the registration status of any entity that offers securities or derivatives trading services in Alberta or Canada.

– Researching the background and reputation of any entity that solicits investments or provides financial advice.

– Asking for written documentation and verification of any information or claims made by any entity.

– Being wary of any entity that offers unrealistic returns, guarantees, or incentives.

– Avoiding any entity that requests personal or financial information through unsolicited emails, phone calls, or messages.

– Reporting any suspicious or illegal activities to the ASC or other authorities.

Conclusion:

Catalyxex is a company that claims to offer securities and derivatives trading services, but it is not registered with the ASC or any other securities regulator. The ASC warns that Catalyxex may be involved in fraudulent or illegal activities and that investors should exercise caution and do their due diligence before dealing with it. The customer reviews of Catalyxex are mostly negative and indicate that the company is a scam. The products and services offered by Catalyxex are not reliable or legitimate, and they may expose investors to high risks and fees. The location and customer service of Catalyxex are unknown and unsatisfactory. The ASC advises investors to take some defensive measures against fraudulent brokers like Catalyxex.

Categories
scam reviews 2023 scam reviews 2024

CatalyXIn – Review

File a Complaint Against

CatalyXIn

Know Your Options and Recover Your Funds

Caution Investors CatalyXIn – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview of:

CatalyXIn is a company that claims to offer innovative solutions for cryptocurrency trading, such as automated trading bots, arbitrage strategies, and market analysis tools. The company advertises itself as a leader in the crypto industry, with a team of experts and a proven track record. However, the Alberta Securities Commission (ASC) has recently issued a warning to the public about CatalyXIn, stating that it is not registered to trade in or advise on securities or derivatives in Alberta.

Regulation and Compliance of:

According to the ASC, CatalyXIn is operating illegally and may be involved in fraudulent activities. The ASC advises investors to exercise caution when dealing with CatalyXIn or any other unregistered entities that offer investment opportunities in the crypto space. The ASC also reminds investors that crypto assets are highly volatile and risky and that they should do their due diligence before investing. The ASC urges anyone who has been contacted by or invested with CatalyXIn to contact the ASC Public Inquiries Office at 1-877-355-4488 or [email protected].

Customer Reviews of CatalyXIn:

The customer reviews of CatalyXIn are mixed and contradictory. Some customers claim that they have made significant profits with CatalyXIn’s products and services, while others complain that they have lost money or been scammed by the company. Some customers praise the company’s customer service and support, while others accuse the company of being unresponsive and dishonest. Some customers recommend CatalyXIn to others, while others warn against it. It is hard to verify the authenticity and credibility of these reviews, as they may be influenced by bias, emotion, or manipulation.

Products and Services Offered By CatalyXIn:

CatalyXIn claims to offer a range of products and services for cryptocurrency trading, such as:

– Automated trading bots: These are software programs that execute trades on behalf of the user, based on predefined rules and algorithms. CatalyXIn claims that its bots can generate consistent returns in any market condition, with minimal risk and effort.

– Arbitrage strategies: These are methods of exploiting price differences between different markets or exchanges. CatalyXIn claims that its arbitrage strategies can take advantage of the inefficiencies and volatility in the crypto market, and generate risk-free profits for the user.

– Market analysis tools: These are tools that provide information and insights on the crypto market, such as price trends, indicators, signals, news, and events. CatalyXIn claims that its market analysis tools can help the user make informed decisions and optimize their trading performance.

Location of:

CatalyXIn does not disclose its physical location or address on its website or social media platforms. The only contact information provided by the company is an email address and a phone number. The company claims to have offices in Canada, USA, UK, Australia, and Singapore but does not provide any proof or verification of this claim. The lack of transparency and accountability raises questions about the legitimacy and reliability of the company.

Customer Service Provided By:

CatalyXIn claims to provide 24/7 customer service and support to its clients, via email, phone, or live chat. The company also claims to have a dedicated account manager for each client, who can provide personalized guidance and assistance. However, many customers have reported negative experiences with CatalyXIn’s customer service, such as:

– Long delays or no response to their queries or complaints

– Poor communication or language skills

– Unprofessional or rude behavior

– False or misleading information

– Refusal or failure to process withdrawals or refunds

Defensive Measures Against Fraudulent Brokers:

The ASC warns investors to be wary of fraudulent brokers who may try to lure them into investing in unregistered or illegal schemes involving crypto assets. The ASC suggests some defensive measures that investors can take to protect themselves from such scams, such as:

– Checking the registration status of any person or company offering an investment opportunity

– Researching the background and reputation of any person or company offering an investment opportunity

– Asking for clear and detailed information about the investment opportunity, such as risks, fees, returns, terms, conditions, etc.

– Seeking independent advice from a qualified professional before investing

– Reporting any suspicious or fraudulent activity to the ASC or other authorities

Conclusion:

CatalyXIn is a company that claims to offer innovative solutions for cryptocurrency trading, but it is not registered to trade in or advise on securities or derivatives in Alberta. The ASC has issued a warning to the public about CatalyXIn, stating that it is operating illegally and may be involved in fraudulent activities. The customer reviews of CatalyXIn are mixed and contradictory, and the company does not disclose its location or address. The ASC advises investors to exercise caution when dealing with CatalyXIn or any other unregistered entities that offer investment opportunities in the crypto space and to take defensive measures to protect themselves from scams.

Categories
scam reviews 2023 scam reviews 2024

CatalyXIt – Review

File a Complaint Against

CatalyXIt

Know Your Options and Recover Your Funds

Caution Investors CatalyXIt – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview of CatalyXIt:

CatalyXIt is a company that claims to offer online trading platforms for securities and derivatives, such as stocks, options, futures, and cryptocurrencies. The company advertises itself as a regulated and licensed broker that provides high returns, low fees, and advanced technology. However, the ASC has issued a warning that CatalyXIt is not registered to trade in or advise on securities or derivatives in Alberta and that it may be involved in fraudulent or illegal activities.

Regulation and Compliance of CatalyXIt:

According to the ASC, CatalyXIt is not registered with any securities regulator in Canada or elsewhere, and it does not have any authorization to operate as a broker-dealer or an investment adviser. The company also does not comply with the reporting requirements for securities and derivatives transactions, such as filing prospectuses, financial statements, trade confirmations, and account statements. The ASC warns that investors who deal with unregistered entities like CatalyXIt are exposed to significant risks of losing their money or becoming victims of identity theft.

Customer Reviews of CatalyXIt:

The customer reviews of CatalyXIt are mostly negative and indicate that the company is a scam. Many customers have reported that they have been unable to withdraw their funds from their accounts, that they have been pressured to deposit more money or to pay fees or taxes before receiving their profits, that they have been contacted by aggressive or abusive sales representatives, and that they have received false or misleading information about the performance of their investments. Some customers have also complained that the company’s website and platforms are unreliable, inaccessible, or hacked.

Products and Services Offered By CatalyXIt:

CatalyXIt claims to offer a variety of products and services for securities and derivatives trading, such as:

– A web-based platform that allows customers to trade stocks, options, futures, and cryptocurrencies on various markets around the world.

– A mobile app that enables customers to access their accounts and execute trades from their smartphones or tablets.

– A social trading feature that allows customers to follow and copy the trades of other successful traders on the platform.

– A demo account that allows customers to practice trading with virtual money before investing real money.

– A learning center that provides educational resources, tutorials, webinars, and market analysis for customers who want to improve their trading skills and knowledge.

However, these products and services are not verified or endorsed by any regulatory authority, and they may not function as advertised or promised by the company.

Location of CatalyXIt:

CatalyXIt does not disclose its physical address or contact information on its website or platforms. The company only provides an email address and a phone number for customer support. However, the phone number has a UK country code (+44), which suggests that the company is based in the United Kingdom. However, the UK Financial Conduct Authority (FCA) has also issued a warning that CatalyXIt is not authorized to provide financial services in the UK and that it may be operating from another country.

Customer Service Provided By CatalyXIt:

The customer service provided by CatalyXIt is poor and unprofessional. Many customers have reported that they have been unable to reach the company by email or phone, or that they have received no response or assistance from the customer support team. Some customers have also claimed that they have been harassed or threatened by the company’s representatives when they tried to withdraw their money or close their accounts. The company does not have any dispute-resolution mechanism or complaint-handling procedure for its customers.

Defensive Measures Against Fraudulent Brokers:

The ASC advises investors to be cautious and vigilant when dealing with online trading platforms like CatalyXIt. The ASC recommends that investors should:

– Check the registration status of any entity that offers securities or derivatives trading services in Alberta or Canada by using the National Registration Search tool on the Canadian Securities Administrators (CSA) website.

– Avoid sending money or personal information to entities that are not registered or authorized by any securities regulator in Canada or elsewhere.

– Be wary of entities that promise high returns, low fees, or guaranteed profits without disclosing the risks involved in securities or derivatives trading.

– Be skeptical of entities that use aggressive marketing tactics, such as unsolicited calls, emails, texts, or social media messages.

– Be alert for signs of fraud, such as inconsistent or unrealistic information, pressure to act quickly or urgently, requests for upfront payments or fees, or difficulties in accessing or withdrawing funds.

Conclusion:

CatalyXIt is a company that claims to offer securities and derivatives trading services, but it is not registered or authorized by any securities regulator in Canada or elsewhere. The company may be involved in fraudulent or illegal activities, and it poses significant risks to investors who deal with it. The ASC warns investors to avoid CatalyXIt and to report any suspicious or unlawful activities to the ASC or the local police. Investors who are interested in trading securities or derivatives should only deal with registered and reputable entities that comply with the applicable laws and regulations.

Categories
scam reviews 2023 scam reviews 2024

CatalyXX – Review

File a Complaint Against

CatalyXX

Know Your Options and Recover Your Funds

Caution Investors CatalyXX – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview of CatalyXX:

CatalyXX is a company that claims to be based in Calgary, Alberta, and offers various products and services related to securities and derivatives trading, such as stocks, options, futures, forex, cryptocurrencies, and binary options. The company also claims to have offices in London, the UK, and Hong Kong. However, the ASC has found that CatalyXX is not registered to trade in or advise on securities or derivatives in Alberta and that it may be using false or misleading information to solicit investors. The ASC warns that investing with CatalyXX could result in the loss of all or most of your money.

Regulation and Compliance of CatalyXX:

According to the ASC, CatalyXX is not regulated or compliant with the securities laws in Alberta or any other jurisdiction. The company does not have a valid registration or license to operate as a dealer or adviser in securities or derivatives. The company also does not file any reports or disclosures with the ASC or any other regulatory authority. This means that CatalyXX is operating outside the legal framework and oversight that protects investors from fraud and misconduct.

Customer Reviews of CatalyXX:

The customer reviews of CatalyXX on its website and social media platforms are mostly positive and glowing, but they may not be genuine or reliable. The ASC cautions that some of these reviews may be fabricated or paid for by the company itself, or by affiliates who receive commissions for referring new clients. The ASC advises investors to verify the identity and credentials of any person or company that offers them investment opportunities and to do their research before making any decisions.

Products and Services Offered By CatalyXX:

CatalyXX claims to offer a wide range of products and services related to securities and derivatives trading, such as:

– Stocks: The company says it provides access to over 10,000 stocks from various markets around the world, with low commissions and high leverage.

– Options: The company says it offers flexible and customizable options contracts on stocks, indices, commodities, currencies, and cryptocurrencies, with competitive pricing and fast execution.

– Futures: The company says it allows traders to speculate on the future price movements of various assets, such as commodities, currencies, indices, and cryptocurrencies, with low margins and high leverage.

– Forex: The company says it offers over 50 currency pairs for trading, with tight spreads and low commissions.

– Cryptocurrencies: The company says it enables traders to buy and sell various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple, and more, with low fees and high liquidity.

– Binary Options: The company says it provides a simple and easy way to trade on the direction of the price of an asset within a fixed time frame, with payouts up to 95%.

 

However, the ASC warns that these products and services may not be real or legitimate and that they may expose investors to significant risks and losses.

Location of CatalyXX:

CatalyXX claims to be located at 150 6 Ave SW #3000 Calgary AB T2P 3Y7 Canada. However, the ASC has found that this address does not belong to CatalyXX, but to another unrelated business. The ASC also says that CatalyXX does not have any physical presence or operations in Alberta or Canada. The company’s website domain name is registered in Panama, a jurisdiction known for its secrecy and lax regulation. The company’s phone number is also not traceable to any specific location. The ASC suspects that CatalyXX may be operating from an offshore location which makes it difficult for investors to recover their money if something goes wrong.

Customer Service Provided By CatalyXX:

CatalyXX claims to provide excellent customer service to its clients through various channels, such as phone, email, live chat, social media, and online forms. The company says it has a team of professional and friendly representatives who are available 24/7 to answer any questions or concerns. However, the ASC warns that this customer service may be deceptive or ineffective. The ASC says that some investors who have dealt with CatalyXX have reported difficulties in contacting the company or receiving any response from them. The ASC also says that some investors who have requested withdrawals from their accounts have been denied or delayed by the company without any valid reason.

Defensive Measures Against Fraudulent Brokers:

The ASC urges investors to be vigilant and cautious when dealing with any person or company that offers them securities or derivatives trading services, especially if they are not registered or regulated in Alberta or Canada. The ASC recommends that investors take the following defensive measures to protect themselves from fraudulent or illegal brokers:

– Check the registration and background of any person or company that offers you investment opportunities. You can use the National Registration Search tool on the Canadian Securities Administrators (CSA) website to verify if they are registered to trade in or advise on securities or derivatives in your province or territory.

– Do your own research and due diligence before investing with any person or company. You can use the CSA Investor Tools and Resources page to access various information and resources that can help you make informed decisions.

– Be wary of any person or company that promises high returns with low risk, or that guarantees a certain outcome. Remember that there is no such thing as a risk-free or guaranteed investment and that higher returns usually come with higher risks.

– Be skeptical of any person or company that pressures you to invest quickly, or that uses aggressive or manipulative sales tactics. Take your time to review and understand any documents or contracts before signing them, and seek independent advice if you have any doubts or questions.

– Be careful of any person or company that asks you to send money to an offshore account, or that uses unconventional payment methods, such as wire transfers, prepaid cards, cryptocurrencies, or gift cards. These methods may make it harder for you to trace or recover your money if something goes wrong.

– Report any suspicious or fraudulent activities to the ASC or your local securities regulator. You can use the CSA Report a Scam page to find out how to file a complaint or tip.

Conclusion:

CatalyXX is a company that claims to offer securities and derivatives trading services, but it is not registered or regulated in Alberta or Canada. The ASC has issued a warning to investors about CatalyXX, saying that it may be involved in fraudulent or illegal activities and that investing with CatalyXX could result in the loss of all or most of your money. The ASC advises investors to be vigilant and cautious when dealing with CatalyXX and to take defensive measures to protect themselves from scams. The ASC also encourages investors to report any suspicious or fraudulent activities to the ASC or their local securities regulator.

Categories
scam reviews 2023 scam reviews 2024

XF24 – Review

File a Complaint Against

XF24

Know Your Options and Recover Your Funds

Caution Investors XF24 – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Overview:

In this blog post, we will review XF24, a platform that claims to provide online trading of securities and derivatives. We will examine its regulation and compliance status, customer reviews, products and services, location, customer service, and defensive measures against fraudulent brokers. We will also provide our conclusion on whether XF24 is a trustworthy and reliable platform for investors.

Regulation and Compliance:

According to the Alberta Securities Commission (ASC), XF24 is not registered to trade in or advise on securities or derivatives in Alberta. The ASC also stated that XF24 has not filed any prospectus or exempt distribution reports with the ASC, which are required for any issuance, offer, or sale of securities or derivatives in Alberta. Therefore, XF24 is operating illegally and may be subject to enforcement actions by the ASC.

Customer Reviews:

A quick search on the internet reveals that XF24 has received many negative reviews from customers who have used its platform. Some of the common complaints include:

– Difficulty in withdrawing funds or closing accounts

– Hidden fees and charges

– Poor customer service and communication

– Manipulation of prices and execution

– Loss of funds due to hacking or fraud

Products and Services:

XF24 claims to offer a variety of products and services for online trading, such as:

– Stocks, bonds, ETFs, options, futures, and forex

– CFDs, binary options, cryptocurrencies, and digital assets

– Trading platforms, tools, indicators, signals, and strategies

– Education, webinars, tutorials, and guides

However, these products and services may not be accurate or reliable, as XF24 is not regulated or licensed by any authority. Moreover, some of these products and services are considered high-risk and speculative, and may not be suitable for most investors.

Location:

XF24 does not disclose its physical location or contact information on its website. It only provides an email address and a phone number that may not be valid or reachable. This raises doubts about its legitimacy and transparency. Furthermore, it may be difficult or impossible for customers to seek legal recourse or compensation if they encounter any problems or disputes with XF24.

Customer Service:

As mentioned earlier, XF24 has received many complaints about its customer service and communication. Customers have reported that XF24 is unresponsive, rude, or misleading when they try to contact them for inquiries or issues. Some customers have also claimed that XF24 has blocked their access to their accounts or funds without any explanation or justification.

Defensive Measures Against Fraudulent Brokers:

If you are considering using XF24 or any other online trading platform, you should take some defensive measures to protect yourself from fraudulent brokers. Some of these measures include:

– Checking the registration and licensing status of the platform with your local securities regulator

– Reading the terms and conditions carefully before signing up or depositing any money

– Researching the reputation and reviews of the platform from other sources

– Using only secure and reputable payment methods

– Setting realistic expectations and goals for your trading activities

– Monitoring your account activity and statements regularly

– Reporting any suspicious or fraudulent activity to your local securities regulator

Conclusion:

Based on our review, we do not recommend using XF24 for online trading of securities or derivatives. XF24 is not registered or regulated by any authority and has violated the registration and reporting requirements of the ASC. XF24 has also received many negative reviews from customers who have experienced various problems and losses with its platform. Therefore, XF24 is a risky and potentially fraudulent platform that should be avoided by investors.