Sadex Group Review

Sadex Group

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

Introduction to Sadex Group:

Sadex Group is a company that claims to offer online trading services in various markets, such as forex, commodities, stocks, and cryptocurrencies. The company claims to have offices in London, New York, and Hong Kong, and to be regulated by the FCA, the SEC, and the SFC. However, none of these claims are true. In fact, Sadex Group is not registered or licensed to trade securities or derivatives in any jurisdiction, and it has been warned by the Alberta Securities Commission (ASC) for violating securities laws.

Products and Services offered by Sadex Group:

Sadex Group offers its clients a web-based trading platform that supposedly allows them to access various markets and execute trades with high leverage and low spreads. The company also claims to provide educational resources, market analysis, trading signals, and account management services. However, these products and services are likely fraudulent and designed to lure unsuspecting investors into depositing money with the company.

Financial institution & regulatory license of Sadex Group:

Sadex Group does not have any financial institution or regulatory license that authorizes it to operate as a broker or dealer in securities or derivatives. The company is not registered or licensed with the FCA, the SEC, the SFC, or any other regulatory body. Moreover, the company is not a member of any investor protection scheme or dispute resolution mechanism. Therefore, investors who deal with Sadex Group have no legal recourse or protection in case of any dispute or loss.

Trader’s Reviews and Customer Service of Sadex Group:

Sadex Group has received many negative reviews and complaints from traders who have been scammed by the company. Many traders have reported that they were unable to withdraw their funds from the company, that they were pressured to deposit more money, that they were manipulated by fake account managers, and that they were ignored or blocked by the customer service. Some traders have also reported that their accounts were closed or wiped out without any explanation or justification.

How do online trading scams operate:

Online trading scams are schemes that use deceptive and fraudulent tactics to lure investors into depositing money with unregulated and unlicensed companies that claim to offer online trading services. These companies typically use fake websites, social media accounts, testimonials, and reviews to create a false impression of legitimacy and credibility. They also use high-pressure sales tactics, unrealistic promises of high returns, and false guarantees of security and safety to persuade investors to invest more money. Once the investors deposit their money, the scammers either refuse to let them withdraw their funds, manipulate their trades, close their accounts, or disappear with their money.

How to Safeguard Against Fraudulent Brokers:

To safeguard against fraudulent brokers, investors should always do their due diligence before dealing with any online trading company. They should check the registration and license status of the company with the relevant regulatory authorities, such as the ASC in Alberta or the CSA in Canada. They should also verify the physical address, contact details, and reputation of the company online. They should avoid companies that make unrealistic or exaggerated claims, that pressure them to invest more money, or that offer unsolicited advice or services. They should also be wary of companies that ask for personal or financial information via email or phone calls.

Conclusion:

Sadex Group is a fraudulent online trading company that has been warned by the ASC for violating securities laws. The company is not registered or licensed to trade securities or derivatives in any jurisdiction, and it has no financial institution or regulatory license. The company offers fake products and services that are designed to scam investors out of their money. Investors should avoid dealing with Sadex Group and report any suspicious activity to the ASC or the local police.

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