CatalyXX Review
Beware Investors CatalyXX – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Who is CatalyXX:
CatalyXX is a company that claims to be a global leader in financial technology, offering services such as trading, investing, lending, and wealth management. According to its website, CatalyXX has offices in Canada, the US, the UK, and Australia. However, the ASC has found that CatalyXX is not registered to trade in or advise on securities or derivatives in Alberta.
Regulation Of CatalyXX:
The ASC is the regulatory agency responsible for administering the province’s securities laws. It protects investors and fosters a fair and efficient capital market. The ASC has issued a warning to investors and potential investors that CatalyXX is not authorized to engage in any activities that require registration under Alberta securities laws. The ASC also advises investors to exercise caution when dealing with companies that are not registered or have a history of regulatory issues.
Location Of CatalyXX:
The location of CatalyXX is unclear, as its website does not provide a physical address or a phone number. The website also uses a generic domain name (.com) that does not indicate its country of origin. The website claims that CatalyXX is regulated by various authorities in different jurisdictions, but does not provide any evidence or details to support this claim. The ASC warns that investors should be wary of companies that operate from offshore locations or use anonymous or misleading contact information.
Services Offered By CatalyXX:
CatalyXX claims to offer a wide range of financial services, such as trading in stocks, forex, commodities, indices, cryptocurrencies, and options. It also claims to offer investing in mutual funds, ETFs, bonds, and IPOs. Additionally, it claims to offer lending services, such as personal loans, business loans, and mortgages. Furthermore, it claims to offer wealth management services, such as financial planning, portfolio management, and retirement planning. However, the ASC cautions that these services may involve high risks and fees, and may not be suitable for all investors.
Reviews Of CatalyXX:
The reviews of CatalyXX on its website and social media are mostly positive and glowing. However, the ASC warns that these reviews may be fake or paid for by the company itself. The ASC advises investors to do their research and verify the credibility and reputation of any company they are considering investing with. The ASC also suggests checking the ASC website for any enforcement actions or alerts regarding the company.
Customer Service Of CatalyXX:
CatalyXX claims to have a dedicated customer service team that is available 24/7 via email, live chat, and phone. However, the ASC warns that this may not be true or reliable. The ASC notes that some investors have reported difficulties in contacting or withdrawing their funds from CatalyXX. The ASC urges investors to be careful when providing their personal or financial information to any company they are not familiar with.
Securing Your Investments Against Unscrupulous Brokers:
The ASC recommends that investors take the following steps to protect themselves from unscrupulous brokers:
– Check the registration status of any company or individual offering securities or derivatives products or services in Alberta. You can do this by using the National Registration Search tool on the Canadian Securities Administrators website.
– Do your homework and research the company and its products or services before investing. You can use sources such as the ASC website, the Better Business Bureau website, online reviews, news articles, and financial reports.
– Ask questions and get clear answers about the risks, fees, returns, and terms of any investment opportunity. You can use the Investor Tools section on the ASC website for guidance on what questions to ask.
– Be skeptical of any promises or guarantees of high returns with low or no risk. Remember that if something sounds too good to be true, it probably is.
– Be cautious of any pressure tactics or deadlines to invest. Take your time and do not let anyone rush you into making a decision.
– Keep records of your communications and transactions with any company or individual you are dealing with. This will help you in case you need to file a complaint or seek legal recourse.
Conclusion:
CatalyXX is a company that claims to offer various financial services but is not registered to do so in Alberta. The ASC has issued a warning to investors and potential investors about the risks and dangers of dealing with this company. Investors should always check the registration status and reputation of any company they are considering investing with and should exercise due diligence before making any investment decisions.
