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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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We have become aware of a new type of sophisticated cryptocurrency scam where the scammers include a link on social media posts that automatically transfers victims’ cryptocurrency assets to the scammers.
We recommend caution when dealing with Ultimate Traders.
We recommend caution when dealing with the online trading platform Option 2 Trade or its website, option2trade.io.
Livaxxen is not licensed nor registered on the Financial Service Providers Register (FSPR) to provide financial services or products in New Zealand.
FMA has received reports that impersonators of Max Money Group Limited have approached persons or entities on social media platforms and offered insurance and lending products.
The websites offer cryptocurrency and commodity services but is not registered to provide financial services in New Zealand and is misusing details of the genuine company, Pacific Financial Derivatives Limited.
The FMA is warning investors to be wary of an investment scam which is using YouTube channels to promote fake crypto investment websites.
Corporate Brokers Limited – Fake online article and bank letter; withholding client funds
We are aware that Mic-Market has contacted a New Zealand resident with the aim of offering financial services.
Flipearners trade in cryptocurrencies, crypto binary and stocks. The FMA is warning that they have all the hallmarks of a scam.
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. Note, the initial warning has been updated.
We have received reports about investors receiving telephone calls from persons who purport to be from a well-known investment firm, offering investment with Heartland Bank bond, through the website comparetermdepositsnz.com.
We recommend caution when dealing with Simple Mark Coin and its website. We are concerned that Simple Mark Coin may be operating a scam.
DemiunOx offers trading services in financial products but is not registered and licensed to provide such services in New Zealand.
We recommend caution when dealing with SuperForex, or any individual or entity promoting its services or products.
