Catalyst Markets Ltd (catalystmarketsltd.com) is an online CFD broker registered on August 22, 2024, specializing in trading financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies. The platform does not provide services to regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the Catalyst Markets Ltd (catalystmarketsltd.com) website claims it is one of the top 50 financial service companies in the United States, headquartered at 1430 Stout St, Denver, Colorado, United States. However, the website does not provide complete company names, registration numbers, company logos, or regulatory license numbers to verify its identity. Additionally, the platform does not offer detailed terms of service or other legal documents.
Upon verification, no registered company named "Catalyst Markets Ltd" was found on the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA) websites.
Furthermore, the design and content of the Catalyst Markets Ltd (catalystmarketsltd.com) website resemble those of known scam broker websites such as bcgmarkets.com, APOLLO Markets Ltd, and cartaforex.com, all of which use the same template and design style.
Trading Products and Services
Catalyst Markets Ltd offers trading services for a variety of financial derivatives, covering the following product categories:
- Forex Trading: The platform supports trading multiple major forex pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals Trading: Including spot trading services for gold (XAUUSD) and silver (XAGUSD).
- Crude Oil Trading: Offering services for trading US crude oil (UsOIL).
- Indices Trading: Tradeable indices include the Nikkei 225 (N225), German DAX (GER30), and S&P 500 (US500).
- Cryptocurrency Trading: Supporting trades for multiple cryptocurrencies such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Account Opening Process
The steps to open an account on the Catalyst Markets Ltd platform are as follows:
- Visit the website and click the "Register" button at the top right corner to go to the registration page.
- Enter your email address and set up a password, then submit the registration form to complete the account opening process.
- After successfully registering, users need to complete KYC (Know Your Customer) verification before making deposits and conducting trading operations.
Trading Account Information
Catalyst Markets Ltd discloses only part of the account information on its website, including spreads, leverage, and contract size. However, important details like account types, trading commissions, minimum/maximum trade volumes, maximum positions, margin calls, and stop-out levels are not clearly stated.
- Base Currency: USD
- Spreads: Floating spreads, minimum 1 pip
- Leverage: 1:100
- Contract Size: 1 standard lot = 100,000 units of the base currency
Trading Platform
Catalyst Markets Ltd claims to offer a self-developed trading platform called "Catalyst," available for web and mobile use. However, upon clicking the mobile download link on the website, users are directed to download an application called "Vlockedxa" on the App Store and "EVJORERJG" on Google Play. The legitimacy of these apps is questionable, posing certain risks.
Deposits and Withdrawals
Catalyst Markets Ltd does not explicitly list the supported deposit and withdrawal methods on its website nor mention related fees or minimum deposit/withdrawal amounts.
Summary and Recommendations
Traderknows advises investors that Catalyst Markets Ltd (catalystmarketsltd.com) is a high-risk platform lacking a real company entity and is not regulated by any financial authority. The platform only provides email as a contact method, lacking other reliable means of communication. Investors should exercise caution and avoid using this platform for investment transactions.
Investors are recommended to choose brokers with transparent information, supervision by authoritative financial regulatory agencies, and a good reputation to ensure the safety of their funds and avoid potential financial losses.
