Catalyxex Review

Who is Catalyxex:

Catalyxex is a company that claims to be a global leader in online trading, offering access to various markets such as forex, stocks, commodities, indices, and cryptocurrencies. They claim to have offices in London, New York, Hong Kong, and Dubai, and to be regulated by the Financial Conduct Authority (FCA) in the UK. However, these claims are false and misleading. Catalyxex is not registered with the FCA or any other regulatory authority. They are also not registered with the ASC, which means they are illegally soliciting and accepting funds from Alberta residents.

Regulation Of Catalyxex:

The ASC is the regulatory agency responsible for overseeing the capital market in Alberta. The ASC administers and enforces the Securities Act (Alberta), which requires any person or company that engages in the business of trading in securities or derivatives to be registered with the ASC. This registration ensures that the person or company meets certain standards of proficiency, solvency, and integrity and that they comply with certain rules and regulations to protect investors. Catalyxex is not registered with the ASC, which means they are violating the Securities Act (Alberta) and exposing investors to significant risks.

Location Of Catalyxex:

Catalyxex does not disclose its physical address or contact information on its website. It only provides an email address and a phone number with a UK country code. However, there is no evidence that Catalyxex has any presence or operations in the UK or any other jurisdiction. Catalyxex is likely operating from an offshore location with weak or no regulation of financial services. This makes it difficult or impossible for investors to verify the legitimacy of Catalyxex or to recover their funds if something goes wrong.

Services Offered By Catalyxex:

Catalyxex claims to offer a variety of trading services and products, such as:

– A web-based trading platform that allows users to trade various instruments with leverage up to 1:1000.

– A mobile app that enables users to access their accounts and trade on the go.

– A demo account that allows users to practice trading with virtual money.

– A variety of account types that cater to different levels of experience and investment goals.

– A range of educational resources and tools that help users learn about trading and improve their skills.

– A team of professional analysts and advisors that provide market insights and guidance.

However, these claims are not backed by any evidence or verification. There is no guarantee that Catalyxex provides any of these services or products as advertised. There is also no guarantee that Catalyxex executes trades fairly and accurately or safeguards users’ funds and personal information.

Reviews Of Catalyxex:

Catalyxex has very few reviews online, and most of them are negative. Many users have reported that Catalyxex is a scam and a fraud. They have complained that:

– Catalyxex lures them with false promises of high returns and bonuses.

– Catalyxex pressures them to deposit more money and refuses to process withdrawal requests.

– Catalyxex manipulates the prices and spreads on its platform to cause losses for users.

– Catalyxex blocks their accounts and cuts off communication when they try to complain or seek help.

Customer Service Of Catalyxex:

Catalyxex claims to have a dedicated customer service team available 24/7 via phone, email, live chat, and social media. However, this claim is contradicted by the experiences of many users who have tried to contact Catalyxex for assistance or resolution of issues. Users have reported that:

– Catalyxex’s phone number is often unreachable or disconnected.

– Catalyxex’s email address does not respond or sends automated replies.

– Catalyxex’s live chat feature does not work or is offline.

– Catalyxex’s social media accounts are inactive or deleted.

Securing Your Investments Against Unscrupulous Brokers:

If you are interested in trading securities or derivatives online, you should be careful and cautious about choosing a broker. You should always check the registration status and background of any broker before opening an account or depositing any money. You can do this by visiting the websites of the regulatory authorities in your jurisdiction, such as the ASC in Alberta. You should also look for reviews and feedback from other users who have dealt with the broker. You should avoid brokers who:

– Are not registered with any regulatory authority or claim to be registered with fake or unknown regulators.

– Have no physical address or contact information or use fake or misleading information.

– Offer unrealistic or guaranteed returns or bonuses or pressure you to invest more money.

– Have a lot of negative reviews or complaints or no reviews at all.

– Have poor or non-existent customer service or communication.

Conclusion:

Catalyxex is a company that claims to offer trading services in securities and derivatives, but it is not registered with the ASC or any other regulatory authority. It is operating illegally and exposing investors to significant risks. It has a lot of red flags and warning signs that indicate that it is a scam and a fraud. You should avoid Catalyxex and any other unregistered brokers and report them to the ASC or your local securities regulator if you encounter them.