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Page last updated: 31 July 2023

Warnings and alerts

This list contains the names of businesses or individuals you should be wary of if you are planning to invest.

To sign up for regular emails of new warnings and alerts – click here and check the Weekly Scam warnings update checkbox.

The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.

This list contains the names of businesses or individuals you should be wary of if you are planning to invest.

To sign up for regular emails of new warnings and alerts – click here and check the Weekly Scam warnings update checkbox.

The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.

Before you invest, we recommend that you take steps to protect yourself from being scammed and check the provider is listed on the Financial Service Providers register (FSPR). The FSPR can help you:

  • obtain a business address
  • see the types of financial services the registered company, or individual, provides to customers. Some examples include; money transfers, investment management or financial advice 
  • see any licences or an authorisation status that the company or individual may have
  • see what dispute resolution scheme they belong to.

You may also wish to refer to the IOSCO investor alert list for international scam alerts.

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Found 524 results. Displaying page 1 of 35

  1. Suspected scam

    22 September 2023

    Finex Group – Unregistered, Suspected scam

    Finex Group offers financial products including forex and cryptocurrency trading, financial education, and advice to New Zealanders. It falsely claims it is a regulated entity, however, is not listed under the Financial Services Provider or New Zealand Companies registers.
  2. International regulator alerts

    21 September 2023

    IM Academy – Overseas warnings

    We recommend caution when dealing with IM Academy. Several overseas regulators have issued public warnings about IM Academy, including the recent warning issued by the Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) on 24 May 2023
  3. Imposter website

    18 September 2023

    Jecbit Finance Limited – Unregistered, Imposter website

    We recommend caution when dealing with Jecbit Finance Limited. It offers forex and cryptocurrency investments but is not registered to provide financial services in New Zealand. It falsely claims to be a registered company in New Zealand, using the address, NZ Business Number (NZBN) and other business registration details of another company, JEC Finance Limited.
  4. Imposter website

    15 September 2023

    Century Trading Group – Imposter website

    We recommend exercising caution when dealing with Century Trading Group. It offers CFD trading opportunities and is not registered to provide financial services in New Zealand.
  5. Imposter website

    15 September 2023

    Cluncoin Earn – Imposter website

    We recommend exercising caution when dealing with Cluncoin Earn. It is offering investments and is not registered to provide financial services in New Zealand.
  6. Suspected scam

    14 September 2023

    Kiwi Term Deposits - Comparison website harvesting investor details

    We are concerned that Kiwi Term Deposits may be operating a scam. It operates a website claiming to offer consumers a way to compare and find the best term deposit and bond rates in New Zealand. It states that investments are “fully insured and asset backed by provider”. However, no such scheme is currently offered in New Zealand.
  7. Imposter website

    30 August 2023

    Gold Wise – Imposter website

    Gold Wise offers forex and cryptocurrency investments but it is not registered to provide financial services in New Zealand.
  9. Imposter website

    21 August 2023

    Coinz Holding – Imposter Website

    The entity Coinz Holding is purporting to be a registered company in New Zealand by using the name and Certificate of Incorporation of a registered New Zealand company, Coinz Holding Limited.  A director of Coinz Holding Limited has confirmed it has no association with this website.
  10. Imposter website

    21 August 2023

    AgroCura – Imposter website

    The entity AgroCura is purporting to be a registered company in New Zealand by using the name and Certificate of Incorporation of a registered New Zealand company, Agrocura Limited. A director of Agrocura Limited has confirmed it has no association with this website.
  11. Imposter website

    11 August 2023

    Rapid Trade Return – Imposter website

    Rapid Trade Return websites are offering investments and are not registered to provide financial services in New Zealand.
  12. Suspected scam

    4 August 2023

    WPS Management – impersonates genuine licensed entity

    There are false claims on a WPS Management website that it is a New Zealand Financial Service Provider (FSP), using the company name and FSP registration details of WPS Management Limited.
  13. Imposter website

    3 August 2023

    Horizon capital – Imposter website

    The Horizon-capital.ltd website is offering investments and is not registered to provide financial services in New Zealand.
  14. Imposter website

    1 August 2023

    Portaltradecapital – Imposter website

    The Portaltradecapital.com website is offering investments and is not registered to provide financial services in New Zealand.