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.
