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This list of warnings and alerts on this page contains the names of businesses or individuals you should be wary of if you are planning to invest. The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.
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The FMA considers Forex a derivative. Entities offering derivative services in New Zealand are required to hold a derivatives issuer licence. Riseup Trade does not hold this type of licence, nor is it registered on the Financial Service Providers Register.
FMA believe IPO Alerts is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investments.
FMA believes Early Offerings is a front, used to collect personal information from New Zealanders, which then enables overseas scammers to contact them with fictitious investments.
Investor warning: GS Partners could be operating a scam and is subject to warnings issued by the international regulators. We recommend caution.
Investor warning: Titan Trustees, Monet Heritage, Fox Asset Finance, FCS Assets, Metro Capital websites are duplicate and offer similar short-term investment plans. None of the websites appear to be registered as Financial Service Providers, as is required to offer financial products in New Zealand.
Investor warning: We received a complaint that representatives of FCP had befriended a NZ resident on social media and encouraged him to invest money. When he attempted to withdraw his money, FCP withheld the funds and told him to pay an advance fee.
Investor warning: AxonHoldingsLtd.com is falsely using the details of the registered New Zealand company Axon Holdings Limited using its name, address, and New Zealand Companies Office details.
FMA warns New Zealand residents of scam by individuals claiming to represent the UK’s Financial Conduct Authority (FCA) and offering assistance to recover money lost in a previous scam.
We are concerned that Investing New Zealand may be operating a scam. It operates a website claiming to compare term deposit rates which states it offers “deposit protection up to $100,000 NZD per investment”, however no such scheme is currently offered in New Zealand.
FMA has received a complaint that FX Fortune Bitmart is withholding client funds and requesting advance fees to have them released. They are offering financial services are not a registered Financial Service Provider.
Scam alert - Get Paid by Fixed Rate. The website claims to explore the best fixed term deposit rates and that deposits are protected under the ‘financial compensation scheme’. No such scheme is offered in New Zealand.
FMA have received a report that Altera Global representatives have been targeting individuals on social media, trying to convince them to invest funds. This is a common online scam tactic.
A scam offering fake term deposits and bonds using the name of Bank of America (Australia) is targeting New Zealanders. Scammers are sending out highly professional looking product disclosure statements which feature the Bank of America’s name, address, logo and registration details.
The FMA recommends caution when dealing with BlockFusion Ventures and its website blockfusionventures.com. We are aware of a New Zealand resident being unable to recover money invested through its representative and website.
We recommend caution when dealing with libertycommercialfinanceltd.com which claims to be Liberty Commercial Finance Limited.
