ANSWER We strongly advise against opening an account with Sadex Group, an unlicensed broker.The broker provides minimal contact information, making it difficult for investors and authorities to track them down. They could easily vanish without notice in the event of any complications, which is a significant red flag.The website lacks the necessary licensing information to validate this brand's legitimacy. Furthermore, the British Columbia Securities Commission (BCSC) has issued a warning against Sadex Group, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. This serves as evidence of the broker's non-compliance.Therefore, investors who engage with Sadex Group are at risk of fraud and potential losses. To minimize the risk of falling victim to potential fraud schemes, we highly recommend opting for fully regulated brokers over unregulated ones like Sadex Group.
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