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.
