The FMA has been made aware of online webinars hosted by AkashX promoters in New Zealand. AkashX is not authorised to provide financial services in New Zealand. The FMA recommends caution when dealing with AkashX or its promoters.
AkashX is a multi-level marketing scheme offering derivatives trading services. AkashX provides ‘trading signals’ to members, recommending trades in foreign exchange derivatives. The derivatives promoted by AkashX are complex, high-risk financial products. Derivatives trading carries a very high risk of loss, even for experienced investors.
AkashX is not licensed or registered to provide advice about financial products to New Zealand investors.
AkashX is not a member of an approved dispute resolution scheme. If investors have a complaint about AkashX, they will not be able to seek a resolution through an approved dispute resolution scheme.
The FMA recommends caution when dealing with AkashX or anyone promoting its products or services. Unless you have extensive experience in investing, we recommend you seek advice from a licensed financial adviser before making significant investment decisions.
Websites:
- Akashx.com
- Startittransform.com
- Wealthmaster101.com
- Tap-to-trade.com
Email: [email protected]
