PlutusLegacy Trust Review

PlutusLegacy

Investors Alert PlutusLegacy Trust – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction:

Online trading can be a lucrative and exciting way to invest your money, but it also comes with significant risks and challenges. One of the most important factors to consider when choosing an online trading platform is whether it is registered and regulated by the relevant authorities in your jurisdiction. This ensures that the platform operates in a fair and transparent manner, follows the rules and standards of the industry, and protects your rights and interests as an investor. Unfortunately, not all online trading platforms are legitimate or trustworthy. Some of them are fraudulent schemes that aim to deceive and defraud unsuspecting investors. One such example is PlutusLegacy Trust, a company that has recently been warned by the Alberta Securities Commission (ASC) for operating without proper registration or compliance with securities laws.

Products and Services:

PlutusLegacy Trust claims to offer online trading services in various financial markets, such as forex, stocks, commodities, and cryptocurrencies. The company claims to have offices in London, UK, and Zurich, Switzerland, and to provide access to over 250 trading instruments, advanced trading tools, educational resources, and professional customer support. The company also claims to offer various account types with different features and benefits, such as low spreads, high leverage, fast execution, free signals, bonuses, and promotions. However, these claims are not verified or supported by any evidence or testimonials from real customers.

Financial institution & regulatory license:

According to the ASC warning, PlutusLegacy Trust is not registered to trade in or advise on securities or derivatives in Alberta. This means that the company is not authorized or supervised by any regulatory body in Canada or elsewhere. The company does not have a valid license or registration number from any financial institution or authority. The company’s website does not provide any information about its legal status, ownership, or governance structure. The company’s contact details are vague and inconsistent, and its physical addresses are likely to be false or misleading.

Trader’s Reviews and Customer Service:

There are no reliable or independent reviews or ratings of PlutusLegacy Trust from real traders or customers. The company’s website does not have a section for customer feedback or testimonials. The company’s social media accounts are inactive or nonexistent. The company’s customer service is poor and unresponsive. Many complaints have been reported by investors who have been unable to withdraw their funds or contact the company after making deposits. Some investors have also reported being pressured or harassed by the company’s representatives to invest more money or accept unrealistic offers.

How do online trading scams operate:

Online trading scams are schemes that use deceptive or fraudulent tactics to lure investors into investing their money with unregistered or unregulated platforms. These platforms typically promise high returns, low risks, easy access, and professional guidance. However, these promises are false or exaggerated. Once the investors deposit their money with the platform, they face various problems and difficulties. For example:

– The platform may manipulate the prices, spreads, execution, or performance of the trading instruments.

– The platform may charge hidden fees, commissions, or penalties for withdrawals or transfers.

– The platform may refuse to process withdrawal requests or impose unreasonable conditions or delays.

– The platform may use aggressive or misleading marketing techniques to persuade investors to invest more money or accept unsuitable offers.

– The platform may disappear or shut down without notice or explanation.

How to Safeguard Against Fraudulent Brokers:

To protect yourself from online trading scams, you should always do your research before choosing an online trading platform. You should check whether the platform is registered and regulated by the relevant authorities in your jurisdiction. You should also verify the platform’s reputation, track record, customer service, and security measures. You should avoid platforms that make unrealistic or exaggerated claims, offer too-good-to-be-true deals, or pressure you to act quickly or urgently. You should also be cautious of platforms that ask for personal or financial information that is not necessary for trading purposes. You should always read and understand the terms and conditions of any contract or agreement before signing it. You should also keep records of all your transactions and communications with the platform.

Conclusion:

PlutusLegacy Trust is a company that offers online trading services without proper registration or compliance with securities laws. The ASC has warned investors about the company’s activities and advised them to exercise caution when dealing with it. Online trading can be a rewarding but risky venture. You should always do your due diligence and choose a platform that is legitimate, trustworthy, and regulated.

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