CatalyXX Review

CATAlyxx

Investors Beware CatalyXX – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction to CatalyXX:

CatalyXX is a website that claims to be a leading online trading platform that provides access to global markets, including forex, stocks, commodities, indices, and cryptocurrencies. According to its website, CatalyXX offers advanced trading tools, low spreads, fast execution, and professional customer support. CatalyXX also claims to be regulated by the Financial Conduct Authority (FCA) in the UK and to have offices in London, Dubai, and Hong Kong.

Products and Services offered by CatalyXX:

CatalyXX offers four types of trading accounts: Basic, Silver, Gold, and Platinum. Each account has different features, such as leverage, spreads, commissions, bonuses, and educational resources. CatalyXX also offers a demo account for practice trading with virtual money. CatalyXX provides a web-based trading platform that is compatible with any device and browser. The platform has various functions, such as charting, indicators, news feeds, and order management. CatalyXX also claims to have a mobile app for iOS and Android devices.

Financial institution & regulatory license of CatalyXX:

CatalyXX claims to be operated by a company called Catalyxx Ltd., which is registered in the UK with the company number 12974903. However, according to the ASC warning, there is no evidence that Catalyxx Ltd. is authorized to carry on business in Alberta or elsewhere in Canada. Moreover, the FCA has confirmed that Catalyxx Ltd. is not regulated by them and that it is using a fake registration number. Therefore, CatalyXX is not a legitimate financial institution or a licensed broker.

Trader’s Reviews and Customer Service of CatalyXX:

CatalyXX has very few reviews online, and most of them are negative. Many traders have reported that they have been scammed by CatalyXX and that they have lost their money or been unable to withdraw their funds. Some traders have also complained that CatalyXX has used aggressive marketing tactics, such as cold calls, emails, and pop-up ads, to lure them into depositing money. Furthermore, many traders have said that CatalyXX’s customer service is unresponsive or rude.

How do online trading scams operate:

Online trading scams are schemes that use fraudulent websites or platforms to deceive investors into depositing money or buying securities or derivatives that are worthless or non-existent. Online trading scammers often use fake or stolen identities, false or misleading information, high-pressure sales tactics, unrealistic promises of high returns or low risks, and fake testimonials or reviews. Online trading scammers also make it difficult or impossible for investors to withdraw their money or access their accounts.

How to Safeguard Against Fraudulent Brokers:

To protect yourself from online trading scams, you should always do your research before investing your money with any broker or platform. You should check the registration status and regulatory license of the broker or platform with your local securities regulator or authority. You should also verify the identity and contact details of the broker or platform, and avoid dealing with anyone who contacts you unsolicited or uses anonymous communication channels. You should also read the terms and conditions carefully before signing up or making any transactions. You should also be wary of any offers that sound too good to be true, such as guaranteed profits or bonuses.

Conclusion:

CatalyXX is a new online trading platform that claims to offer a variety of financial products and services. However, it is not a legitimate financial institution or a licensed broker. The ASC has issued a warning about the registration, issuance, offer, or sale of securities or derivatives by CatalyXX, and the reporting requirements that apply to them. Therefore, you should avoid investing your money with CatalyXX or any similar online trading scams. You should always do your research and check the credibility of any broker or platform before investing your money.

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