CatalyXIn Review
Beware Investors CatalyXIn – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Who is CatalyXIn:
CatalyXIn is a website that claims to be a global leader in online trading, offering access to over 250 financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. The website also claims to have offices in London, New York, Hong Kong, and Dubai, and to be regulated by various authorities around the world.
Regulation Of CatalyXIn:
However, the ASC has warned that CatalyXIn is not registered to trade in or advise on securities or derivatives in Alberta and that it has not filed any prospectus or reports with the ASC. This means that CatalyXIn is operating illegally and without oversight in the province and that investors who deal with them are exposed to significant risks and potential fraud.
Location Of CatalyXIn:
The location of CatalyXIn is also unclear and suspicious. The website does not provide any physical address or contact information, and the domain name is registered anonymously. The website also uses fake testimonials and awards to create a false impression of legitimacy and credibility.
Services Offered By CatalyXIn:
CatalyXIn claims to offer a variety of trading services, such as online platforms, mobile apps, educational resources, market analysis, and customer support. However, these services are likely to be unreliable, misleading, or non-existent. For example, the website states that it offers negative balance protection, but the terms and conditions contradict this claim and state that the client is liable for any losses exceeding their account balance.
Reviews Of CatalyXIn:
The reviews of CatalyXIn are mostly negative and alarming. Many customers have reported that they have been scammed by CatalyXIn, and that they have lost their money or been unable to withdraw their funds. Some customers have also complained that they have been harassed by phone calls or emails from CatalyXIn agents who pressure them to deposit more money or prevent them from closing their accounts.
Customer Service Of CatalyXIn:
The customer service of CatalyXIn is also poor and unprofessional. The website provides only an email address and a live chat option for communication, but both are often unresponsive or rude. The website also does not have any social media presence or online community where customers can share their feedback or seek help.
Securing Your Investments Against Unscrupulous Brokers:
If you are looking for a reliable and trustworthy broker to trade with, you should always do your research and check their registration and reputation. You should also avoid any broker that promises unrealistic returns, asks for upfront fees or personal information, or uses aggressive marketing tactics. You should also read the terms and conditions carefully before signing up or depositing any money.
Conclusion:
CatalyXIn is a platform that you should avoid at all costs. It is not registered or regulated by the ASC, and it poses a high risk of fraud and loss for investors. If you have already invested with CatalyXIn, you should contact the ASC immediately and report your experience. You should also seek legal advice if you have suffered any damages or losses.
