Caution Investors Sadex Group – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Overview of Sadex Group:
Sadex Group is a company that claims to provide online trading platforms, investment management, financial education, and other services related to securities and derivatives. The company operates through its website, www.sadexgroup.com, and claims to have offices in Canada, the UK, and Australia.
Regulation and Compliance of Sadex Group:
According to the ASC, Sadex Group is not registered or authorized to engage in the business of trading in securities or derivatives, or advising on securities or derivatives, in Alberta. The ASC also warns that Sadex Group may be involved in fraudulent or illegal activities, such as soliciting investors through cold calls, emails, or social media, offering unrealistic returns or guarantees, or using high-pressure sales tactics.
Customer Reviews of Sadex Group:
A quick search on the internet reveals that Sadex Group has received many negative reviews and complaints from customers who claim to have lost money or been scammed by the company. Some of the common issues reported by customers include:
– Difficulty in withdrawing funds or closing accounts
– Unauthorized charges or fees
– Poor customer service or communication
– False or misleading information
– Manipulation or coercion
Products and Services Offered By Sadex Group:
Sadex Group claims to offer a variety of financial products and services, such as:
– Forex trading
– Cryptocurrency trading
– Stocks and indices trading
– Commodities and futures trading
– Binary options trading
– Investment plans and portfolios
– Financial education and training
However, the ASC warns that these products and services may not be legitimate or regulated, and may expose investors to significant risks and losses.
Location of Sadex Group:
Sadex Group claims to have offices in Canada, the UK, and Australia. However, the ASC advises investors to verify the physical address and contact details of any company they deal with, as some fraudulent companies may use fake or misleading information to appear credible or reputable.
Customer Service Provided By Sadex Group:
Sadex Group claims to have a dedicated customer service team that is available 24/7 via phone, email, live chat, or social media. However, many customers have reported that they have experienced poor or nonexistent customer service from Sadex Group, such as:
– Long wait times or no response
– Unprofessional or rude staff
– Lack of knowledge or expertise
– Unwillingness or inability to resolve issues or complaints
Defensive Measures Against Fraudulent Brokers:
The ASC advises investors to take the following steps to protect themselves from fraudulent brokers like Sadex Group:
– Check the registration and background of any company or individual offering securities or derivatives products or services in Alberta. You can use the National Registration Search tool at www.aretheyregistered.ca.
– Do your own research and due diligence before investing. You can use the ASC’s Investor Tools and Resources at www.albertasecurities.com.
– Be wary of unsolicited offers or promises of high returns or guarantees. Remember that if something sounds too good to be true, it probably is.
– Avoid giving out personal or financial information over the phone, email, or social media. Never send money to someone you don’t know or trust.
– Report any suspicious or fraudulent activity to the ASC at 1-877-355-4488 or [email protected].
Conclusion:
Sadex Group is a company that claims to offer various financial products and services related to securities and derivatives. However, the ASC has issued a warning to investors about Sadex Group, as the company is not registered or authorized to operate in Alberta. The ASC also warns that Sadex Group may be involved in fraudulent or illegal activities that could result in significant losses for investors. Therefore, investors should exercise caution and do their due diligence before dealing with Sadex Group.
